Doyle Security Systems acquired Albany Protective Services yesterday, adding 1,100 accounts to the company, almost doubling Doyle’s presence in the Albany area.
“It gives us a great expansion in our Albany market—just a much stronger presence,” John Doyle Jr., company president and CEO, told Security Systems News. Prior to the acquisition, the company had about 1,400 accounts in that area.
Doyle has been working on the deal for about 6 months. Financial terms of the deal were not disclosed. Albany Protective’s account base is mostly commercial, Doyle said. “Their split is about 70 percent commercial and 30 percent residential.”
APS had operated its own UL central station, but Doyle is transferring the accounts to its monitoring center in the Rochester, N.Y., area. “They were on the same software platform as we were, which was really helpful—for both their monitoring and their billing,” Doyle said, both companies used Bold Manitou for automation and Sedona for billing. “It’s been a very smooth process. It’s not 100 percent done, but its pretty close.”
Four employees from Albany Protective Services are joining Doyle. Former president and majority owner of APS, Mark Foster, is joining Doyle’s Albany office in a management position, the company announced. Ross Foster, who was part owner of APS, will work in Doyle’s sales, and two service technicians are joining the team from APS.
“Mark Foster—he just has tremendous knowledge about the industry and his customer base. Bringing him on board was very important to us, and likewise with his brother Ross. … Having them on our team is just a huge plus for us,” Doyle said.
The company now has about 27,000 accounts. Doyle said that it is not every day you see two multi-generational family businesses joining forces. APS, a third-generation family business, was founded in 1935, and Doyle is a fourth-generation business, founded in 1919.