Securitas is acquiring Supreme Security Systems, an alarm monitoring company in the US. The acquisition increases Securitas’ service capabilities and client offerings in the northeast US and aligns with Securitas’ ambition to double the size of its security solutions and electronic security business by 2023. The purchase price is approximately MUSD 20 (MSEK 180). The acquisition will be accretive to the Group operating margin through its resilient recurring monthly revenue (RMR) portfolio representing more than 70% of the revenue.
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. The company has an outstanding reputation with its tenured client base and is known for providing best-in-class service. Total annual sales amount to approximately MUSD 10 (MSEK 90), mainly driven from its recurring monthly revenue (RMR) base.
“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.
The acquisition-related costs are expected to be MSEK 12, recognised across 2022 and 2023. The acquisition is expected to be EPS accretive as of 2022 and will be consolidated in Securitas as of December 1, 2021.