The combination of these two companies adds new branch operations for Vector Security in Alabama, Mississippi, Georgia, South Carolina and Tennessee. The acquisition also expands market presence for both companies in North Carolina, Kentucky and Florida
PITTSBURGH, June 3, 2019 – Vector Security® announces the acquisition of ADS Security® headquartered in Nashville, Tennessee. The transaction officially closed on Monday, June 3, 2019.
ADS Security’s strength in the Southeast combined with the current Vector Security footprint will establish a broader, deeper presence in the U.S. Collectively both companies will have close to $20MM in recurring monthly revenue and a customer base of nearly 400k subscribers.
The ADS Security Team will remain in their current roles with John Cerasuolo leading the ADS division, reporting directly to Vector Security President and CEO, Pam Petrow. ADS Security will maintain their brand identity, becoming the fourth business unit under the Vector Security portfolio of companies.
“Our growth at ADS is on record pace. Over the past 16 months, we have recorded faster growth than any other time in company history. At ADS, we are excited by Vector Security’s financial resources and stable ownership that will continue to fuel our growth ambitions and acquisition activity,” said John Cerasuolo. “We have similar cultures across both organizations and we look forward to leveraging the best of both companies.”
“We are excited to welcome the team members and customers from ADS Security to the Vector Security family,” said Pam Petrow. “We are very impressed with the successes and market presence ADS has built over the years. We have a great opportunity to take best practices from two amazing companies and build the best sales and service organization across our expanded footprint.”
The acquisition of ADS Security will fast track Vector Security’s strategic growth initiatives through expanded geographic market reach.
ADS was originally owned by the investor group Elmhurst Company, also of Pittsburgh. Barnes Associates, Inc. served as financial advisor to ADS.
For nearly 50 years, Vector Security, Inc. (www.vectorsecurity.com) has been a premier provider of intelligent security solutions tailored to the needs of the customer. Headquartered in Pittsburgh, the company offers a full suite of electronic security services for residential, business and national account customers across North America and the Caribbean through a network of branches, authorized dealers and their ADS Security division. The Vector Security Networks division offers customized physical security and managed network services to multi-site commercial customers. Vector Security is a sister company of the Philadelphia Contributionship, a mutual insurance company founded in 1752, and currently provides cost-effective, technology-based security and automation solutions to nearly 386,000 homes and businesses across 58 branch locations.