Security Partners announces second major acquisition of the year
Security Partners announced today that it has acquired Mace Central Station of Anaheim, Calif., its second major acquisition in the past six months.
“With this latest move, we will be creating a national monitoring solution with true redundancies and operational efficiencies from coast to coast,” said Patrick Egan, CEO of Security Partners.
The Lancaster County-based company is a wholesale monitoring center serving dealers across the country. It also provides education, training and monitoring for new media services. Its Advanced Services Division provides managed video and access control services as well as mobile safety and GPS tracking devices. In addition, Security Partners is the exclusive Mid-Atlantic distributor for the Life Beacon, a personal emergency device.
Mace Central Station is a subsidiary of Mace Security International of Cleveland, the original manufacturer of defense sprays and the industry leader in the category. The center will continue to be managed by Michael J. Joseph, who has more than 30 years of experience in the security industry. Joseph said his team is looking forward to benefiting from the 100 percent uptime and the national coverage of a company with three redundant central stations in three separate time zones.
John McCann, president of Mace Security International, called the deal “a great opportunity and partnership for both companies,” saying the big element for Mace was the addition of the true redundancy.
According to a news release, both companies are now communicating with dealers and subscribers about new programs and services offered through the acquisition. Security Partners will be in a position to offer Mace-branded products and services to all of its dealers.
Vertex Capital structured the acquisition, terms of which were not disclosed.