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Port Charlotte-based Security Alarm Corp has announced a joint venture partnership with Harrisonburg, Virginia-based Security Alarm Systems. It’s the firm’s first joint venture.
Under the deal, Security Alarm Corp. and Security Alarm Systems launched a dealership business model, where SAS will operate as a locally owned and operated alarm/integration company powered by SAC’s expertise, team and resources in Florida. SAS will also leverage SAC’s 24/7 security solutions center, 100+ years of low voltage and life safety experience and financial resources, according to a statement. Financial terms of the deal weren’t disclosed.
“I am excited to begin our operations in Virginia and to partner with Justin [Allbright] and his team at SAC,” says Ron Noel, Operating Partner of SAS, in the release. “We are tapping into SAC’s more than 40-year history of success in the alarm and low voltage industry and bringing white-glove customer service to Virginia’s Shenandoah Valley.”
SAS is fully operational in Virginia with its head office in downtown Harrisonburg. It offers a full complement of residential and commercial security alarm, camera surveillance and automation systems. SAS’s customer base is monitored 24/7 by SAC’s UL Listed and TMA Five Diamond certified monitoring station at its Port Charlotte headquarters.
“I am pleased to work with Ron to build a company that we can be proud of, that is focused on securing our communities, serving our customers and investing in our team,” Security Alarm Corp. President Justin Allbright says in the release.
Allbright was a Business Observer 40 under 40 winner in 2020. In addition to the joint venture, SAC recently acquired two security/alarm firms in Southwest Florida: Alert Alarm Systems Plus in Sarasota and Omnitech Communications & Protection in Bradenton. SAC posted about $3.3 million in revenue in 2019.
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