Tag: Bates Security

LEXINGTON, Ky.—Bates Security LLC, a commercial and residential security company based here with branches in Prestonsburg, Ky., and Jacksonville, Fla., announced the recent acquisition of HITEC Security of Pikeville, Ky. The deal adds more than 600 accounts to its customer base in Prestonsburg, where Bates does business under the ABCO Security name.Bates Security president Jeremy Bates told Security Systems News that he met HITEC Security company owner Tommy Kidd at ISC West, and realized they...

Earlier this year, Bates Security, headquartered in Lexington, Ky., acquired ABCO Security, which is based in Eastern Kentucky. Now, ABCO Security is refreshing its brand with the same name. Jeremy Bates, company president, talked with Security Systems News about the rebrand and what it means for both companies. “The whole … intent was to keep ABCO as its own separate business down there—support them as much as we could from the corporate office, but we wanted to maintain their brand...

LEXINGTON, Ky.—Bates Security, a commercial and residential security company based here with a branch in Florida, announced this week the recent acquisition of Eastern Kentucky-based ABCO Security from company founder Robert Welch. This is Bates Security's first acquisition following the $10 million credit facility it secured at the end of October from Capital One. With the acquisition, Bates Security will be adding more than 1,650 customers to its customer base.Jeremy Bates, president of Bates...

LEXINGTON, Ky.—Capital One provided a five-year $10 million senior revolving line of credit to Bates Security and Sonitrol of Lexington, the financial institution announced yesterday.“We are simply positioning ourselves for … continued aggressive growth,” Jeremy Bates, company president, told Security Systems News. Seventy percent of Bates Security's revenue is from commercial and 30 percent is from residential, Bates said; additionally its customer based is currently 58 percent...

LEXINGTON, Ky.—Bates Security, an alarm company based here and focused on central and northern Kentucky, opened a new branch in Jacksonville, Fla.“We had a strong desire to have another location, another branch,” Jeremy Bates, company president, told Security Systems News. “We have built a very successful company in Lexington and central Kentucky, and like any business, we have a strong desire for growth, and one of the ways to grow is geographically.”Bates Security...

Jeremy Bates has grown up in the industry, and now serves as the president of family-owned Bates Security/Sonitrol of Lexington. “I have done everything; started out [as] the weekend janitor, all the way up through customer service and sales, central station operator, admin-type work, and been running the company the last 10 or so years,” he said. Security Systems News got to talk with him about his new system.What kind of system do you have?It is the Lyric [from] Honeywell; its their...

LEXINGTON, Ky.—Full-service provider Bates Security, based here, is looking to organic growth but moving outside of Kentucky also “is a natural option for us,” Jeremy Bates told Security Systems News.Bates recently acquired more than 1,500 accounts from Kentucky Alarm Services, also based here, providing “a significant addition” to the company's RMR, he said.“We just went over $400,000 last month organically,” he said. The Kentucky Alarm acquisition will...

LEXINGTON, Ky.—The Greater Lexington Chamber of Commerce recently honored Bates Security/Sonitrol of Lexington with the 2013 Business Success Award. The annual award recognizes businesses for exceptional operations, products, services, growth and other aspects that set one business apart from others in the region. “We are very excited to have been recognized for the hard work and dedication our team puts forth every day,” said Jeremy Bates, general manager, in a prepared statement.

YARMOUTH, Maine—The editors of Security Systems News are pleased to present the “20 under 40” Class of 2013.Each year, the "20 under 40" class has some notable characteristics. In 2013, we have more diversity in the nominees and in the honorees.This is the seventh year we've asked readers to nominate talented young security professionals age 40 and younger who've displayed leadership qualities. We've always had at least four women in each class, and there were six in the Class of...

LEXINGTON, KY.—Bates Security, based here, has grown so much in recent years that it had to move to a larger building. Now it's holding a grand opening for its new location on April 25, and also celebrating the fact that business has increased steadily year after year despite the economic downturn.“You would have no idea there had been a recession, based on our output and our growth,” Jeremy Bates, general manager and co-owner of the company, a Honeywell First Alert Professional...