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Per Mar acquires and CEO recognized

Per Mar acquires and CEO recognized In addition to latest buy, CEO inducted into state’s business Hall of Fame

DAVENPORT, Iowa–Per Mar Security Services, a provider of total security solutions for residential and commercial applications, is celebrating two major achievements. The company recently announced the acquisition of All Channel Electronics, a security company providing residential and commercial security to the Madison, Wis.-area since 1969, due to the retirement of owners, Rich and Pat Gmeinder. All of the company's employees will be joining Per Mar. Meanwhile, Per Mar's CEO, Michael Duffy, was inducted into the Iowa Business Hall of Fame.

The acquisition has been years in the making, according to Brian Duffy, COO, Per Mar Security Services, who told Security Systems News that both companies have been in communication for at least a decade.

“We sent Rich a letter over 10 years ago,” Duffy said, “when it would have been signed by dad. He hung onto it, and called me the middle of last year. We met in Madison, Wisconsin soon thereafter, and then he and Pat came to Davenport to see our headquarters and meet my parents. We generally agreed to the acquisition that night and worked on the details in the intervening months.”

In a release, Gmeinder said, “It's rare to find a company that is personal enough to truly care about our employees and customers, but has the resources to complete a transaction like this. We are very pleased that we met Per Mar and the Duffy family, and I'm sure that our customers will be, too.”

Sounds like a perfect match relationally and the location is equally ideal. Since Per Mar is currently operating in Madison, there's no need to relocate employees.

“All Channel has a great base of loyal customers and great employees, and Per Mar already has a strong operation in Madison,” Duffy concluded. “It is a great fit.”

Meanwhile, Michael Duffy, CEO and chairman of Per Mar Security Services, was inducted into the Iowa Business Hall of Fame and recognized at the Greater Des Moines Committee's Annual Black-Tie Dinner. The committee founded the hall of fame in 1975 to honor Iowans' who have made outstanding contributions to the development and enhancement of business. Inductees are selected on merit.

“Becoming a member of the Iowa Business Hall of Fame is something I never would have imagined,” Duffy said in the announcement. “I want thank all of those who helped make this possible; my family, my many co-workers over the years, without whose contributions and efforts this wouldn't be possible. I feel fortunate to have crossed paths with all those that I have; customers, employees and community members that I've had the pleasure of getting to know through the years. I am humbled and honored by the recognition, and I certainly want to pay gratitude to my parents, who started this company and allowed me the opportunity to continue on their legacy.”


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