NEWPORT BEACH, Calif.—NuLife Sciences recently announced that it has successfully closed its merger with two Lafayette, La.-based electronic security companies, LJR Security Services and Gulf West Security Network. Louis Resweber, founder of both security companies, is now the chairman of the board, president and CEO of NuLife.
NuLife Sciences is a biomedical and technology firm focused on the development of organ transplant research and online websites related to the employment market. NuLife also focuses on acquiring or merging with other technology companies that enhance or save lives.
LJR Security specializes in engineering, design, sales, installation, service, inspection and remote monitoring of residential and commercial alarm systems, while “its wholly-owned subsidiary, Gulf West, is focused on the development and expansion of a proprietary alliance of independently-branded life safety and property protection providers, fire alert and suppression system installers, electronic remote monitoring and video surveillance specialists, smart home designers, systems integrators, structured wiring professionals and electrical contractors,” the announcement said.
Sean C. Clarke was previously the CEO and chairman of the company and he will be staying on the board of directors, consulting Resweber through the transition, Resweber told Security Systems News.
The board of NuLife Sciences asked Resweber for consultation on expanding into new areas, such as the security industry, he noted. “They decided that perhaps their first entry into the alarm industry would be the acquisition of my two companies,” Resweber said. NuLife announced the merger on Aug. 9 and completed it on Oct. 8.
There are several synergies between the life sciences and life safety business, Resweber noted, mentioning PERS and emergency notifications as a couple of examples. “There’s been an overlap for quite some time and this just seemed like a very, very good segue for the company.”
NuLife is a publicly traded company, and Resweber sees a potential benefit for the entire security industry in another public company entering the security space. “I’m very proud of the fact that we’re bringing a new publicly traded, stock listed company into the electronic security alarm business,” he said. “Any time that an industry has a publicly traded entity in its group, it creates more awareness and more access to the capital markets.”
Resweber has experience in both public companies as well as alarm businesses, and said he is excited to bring those areas of knowledge together. Prior to founding LJR and Gulf West, Resweber was the chairman, president and CEO of Pelican Security Networks, and was involved in acquiring more than 30 companies in the alarm sector.
NuLife will be looking for other expansions in the space. “We plan to seriously and actively pursue additional merger and acquisition opportunities in the alarm space,” he said.Topic: Commercial and Systems Integrators Tags: NuLife Sciences, LJR Security Services, Gulf West Security Network, Louis Resweber