Tag: Patrick Ritter

NASHVILLE, Tenn.—ADS Security last week acquired nearly 600 accounts from Stewart Security Systems in Shelbyville, Tenn.It's the fourth buy for ADS this year and more acquisitions are planned, according to Patrick Ritter, VP/controller at ADS.“You will see other transactions successfully closed in 2014,” Ritter told Security Systems News. He said they would be in new markets and existing ones.“We are very active in expanding our footprint throughout the Southeastern U.S.,...

NASHVILLE, Tenn.—Forging ahead with its planned acquisition strategy, ADS Security has acquired Savannah, Ga.-based Security Services, its second fold-in this year. The company, based here, also plans a larger purchase in a new market this fall and perhaps two more fold-ins too, ADS President and CEO, John Cerasuolo, told Security Systems News. “It's been a really good year for us,” he said. “It's exciting. The purchase of Security Services adds about 1,000...

NASHVILLE, Tenn.—ADS Security's purchase this month of Chattanooga, Tenn.-based CrimeWatch Security is just the start of ADS' acquisition plans for the year, according to Patrick Ritter, ADS VP/controller.“We have plans to purchase at least one large enough company that it will be a new platform, a new market for ADS, and you will see several other fold-in acquisitions throughout 2013 as well,” Ritter told Security Systems News.Super-regional ADS, which is based here, has a growth...

“Very impressive.” That comment, made by a tour-goer gazing at the hardware at ADS Security's central station in Nashville, pretty much summed up the sentiment of the rest of the group that visited the facility Tuesday afternoon as part of ESX 2012. And it wasn't just the equipment and monitoring capabilities detailed by the tour guides. It was more of what ADS President John Cerasuolo described as “a culture of recognition” at the company that has motivated...

Patrick Ritter, 33 VP and controller ADS Security Nashville, Tenn. How did you get into the security industry? I (previously) worked with our CFO, Ernie McDaniel, at a manufacturing company that manufactured outdoor signage. It was very much a project-based cyclical business. (When) he was recruited by ADS Security, he told me all the great things about this recurring monthly revenue business. A couple of months later, he recruited me to come along with him as an accountant for ADS. That...