CALHOUN, Ga.—Owen Security Solutions, a regional alarm company based here, recently completed the largest acquisition in the company’s history, adding on more than 1,700 accounts when it purchased ACS Security-Rome.
“This is the most exciting acquisition we’ve done so far,” Justin Owen, company president, told Security Systems News. “[ACS] is somebody we’ve actually competed against for the last 15, 20 years. It’s always been a respected competitor.” The deal was finalized on July 18.
“This acquisition is directly in the middle of where we were already growing, so it was an exciting opportunity and it’s going to fit our customer base extremely well,” Owen said. The company is focused on the Northwest Georgia region.
Owen Security now has more than 7,000 accounts. ACS’ customer base is about 75 percent residential, according to Owen.
This purchase was assisted by the company’s recently announced $5 million line of credit from Capital One, Owen noted. “We wouldn’t have been able to do this acquisition—of this size—[without] that line of credit,” he said.
ACS Security-Rome is the company’s fifth purchase in less than a year, and Owen Security had not done any acquisitions prior to 2016, Owen noted. The company also acquired DAS Security, including about 150 accounts in mid-May.
“We plan to continue to pursue acquisitions very heavily, along with our organic growth as well,” Owen said.
Owen security is hiring three employees from ACS and recently opened a branch office in Rome, Ga.—the company’s third branch, alongside its headquarters here and an office in Cartersville, Ga. The company is also planning a fourth office in Dalton, Ga.Topic: Residential Tags: Owen Security Solutions, Justin Owen, ACS Security-Rome