YARMOUTH, Maine—One of the best ways for security companies to build density is to acquire a local competitor, but there also are potential pitfalls when doing business in your backyard, according to five security company executives who have experience with these kinds of transactions.
YARMOUTH, Maine—After big strides in 2012 that put an array of technical and logistical challenges behind it, the Automated Secure Alarm Protocol is getting closer to reaching “critical mass” nationwide, according to ASAP proponent Ed Bonifas.
SCOTTSDALE, Ariz.—The economic recession took a toll on Safeguard Security, a family-owned, 50-year-old security company based here. Its annual revenues dropped from $34 million in 2008 to $29 million in 2010, company president John Jennings said. However, he said he expects Safeguard’s revenues to rebound to $30 million by the end of this year, and said the downturn provided important lessons for his company.
SCOTTSDALE, Ariz.—Several years ago Safeguard Security—a super-regional based here, was experiencing very high turnover in its central station. Working with a company called HRGroup, Safeguard learned how to recruit and hire the right people, not only for its central, but also for all areas of its business, Mike Bradley, president of Safeguard Security told Security Systems News.