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Lou Sampson

American Alarm and Communications receives $25m

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10/07/2016

BOSTON—Citizens Bank on Oct. 4 announced today that Citizens Commercial Banking’s Security Finance Group is providing a $25 million credit facility to American Alarm and Communications.

SSN checks in with winners from the first '20 under 40' class

Class of 2007 honorees reflect on changes over the past 10 years in the industry
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10/05/2016

YARMOUTH, Maine—Every year, Security Systems News recognizes 20 young professionals in the systems integration and monitoring space for their accomplishments. This month, SSN is announcing its 10th year of “20 under 40” integrator winners. To commemorate this, SSN caught up with several of the first honorees—the Class of 2007—to hear their perspective about how the industry has changed over the past 10 years, and what might be ahead in the next 10 years.

American Alarm acquires in Massachusetts

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Wednesday, September 14, 2016

ARLINGTON, Mass.—American Alarm and Communications recently acquired Electralarm Security Systems, adding on 500 accounts. The deal brings American Alarm to about 25,000 accounts total, Lou Sampson, the company's CFO, told Security Systems News

"We were in discussions for about three or four months earlier in 2016. The discussions began when Paul D’Amato Sr. [Electralarm's founder] reached out to us (through his broker)," Sampson said via email. "Paul had known of American Alarm for years, and our family, and he knew of our business reputation and our commitment to quality service, which was very important for him."

Electralarm's account base was pretty evenly divided between residential and commercial, Sampson said, but "slightly weighted towards residential." American Alarm's account base also has a slight lean toward residential in terms of number of accounts, he said. "But in terms of scale of systems, our commercial portfolio is larger, and it is growing significantly."

Paul "Chip" D'Amato, Electralarm's lead technician, will join American alarm in a similar capacity, American Alarm said. 

Integrating Electralarm's account base into American's has been "seamless," according to Sampson. "One of the most important parts of the successful transition has been Chip D’Amato’s efforts. He hasn’t missed a beat. He’s still working with the Electralarm customers, to help with the transition," Sampson added. 

The deal is the 27th acquisition American Alarm has completed, Sampson pointed out, and most of those purchases have been in the past 12 to 15 years. "We are always prepared to work with other companies and respond quickly when opportunities arise," he said.

Electralarm was based in Abington, Mass., approximately 20 miles south of Boston. The company handled its own monitoring, which will now be done through American Alarm's UL-listed, CSAA Five Diamond central station. 

American Alarm expands into Rhode Island

Integrator buys traditional security company, commercial fire business
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02/02/2012

ARLINGTON, Mass.—With the acquisition, completed Jan. 26, of two Warwick, R.I.-based companies, American Alarm, which is based here, now has a physical presence in the neighboring state of Rhode Island for the first time.