Smooth. That’s how Alarm Capital Alliance described a recent transaction that added more than 1,000 accounts to its existing account base in Alabama.
ACA, a Media, Pa.-based independently-owned company that acquires and manages security alarm contracts, acquired the accounts through an asset purchase transaction with Ultimate Security of Scottboro, Ala., according to a news release issued last week.
Ultimate Security will stay in business and continue to service ACA customers, according to the Aug. 7 release.
In the release, Kelly Bond, VP of sales and marketing for ACA, remarked, “This was one of the smoothest transactions that we’ve entered into.”
Ultimate President Richie Burns said in a prepared statement that this is a “tremendous transaction that allows us to remain in business, continue to sell accounts and provide service for all of our friends and customers.”
Bond said, “Richie has a great staff and quality accounts, and we’re looking forward to a prosperous relationship.”
Terms were not disclosed. Ron Davis, of Davis Mergers and Acquisitions Group, represented the seller.