Securitas announced on Thursday that it is acquiring New Jersey-based Supreme Security Systems for $20 million.
In a statement, Securitas said the acquisition will increase its service capabilities and client offerings in the northeast U.S. and aligns with its goal of doubling the size of its security solutions and electronic security business by 2023.
Founded in 1929, Supreme Security Systems provides security alarm monitoring services to clients primarily in the New Jersey market. Their portfolio includes electronic security services, such as intrusion, video, fire and access control systems, as well as UL-listed, FM approved, TMA Five Diamond certified alarm monitoring.
"This acquisition strengthens Securitas' position as a leader in protective services and continues our journey towards our ambition to double the size of our security solutions and electronic security business. Supreme Security Systems' strong recurring revenue base complements our North American electronic security business model and enhances our footprint in a population dense strategic market," said Tony Byerly, President Global Electronic Security, Securitas AB.
