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SecurTek acquires customer accounts from four security providers
March 24, 2011
SecurTek Monitoring Solutions Inc. today announced it is investing approximately $1.1 million to acquire approximately 1,300 customer accounts from one security monitoring provider in Saskatchewan and three providers based in Alberta.
SecurTek is acquiring 151 customer accounts from Detect Security in Prince Albert, 296 accounts from Astro Systems in Calgary, 225 accounts from AE Security also based in Calgary, and 631 accounts from Armax Security in Edmonton.
“SecurTek’s latest customer acquisitions support our strategy of expanding our market reach and growing our business for the future,” said Ron Styles, SaskTel President and CEO. “SecurTek is in a strong financial position and has been a profitable SaskTel subsidiary since 2002. SecurTek will continue to seek out solid acquisitions to maintain its strong financial position.”
Prince Albert Alarms, a SecurTek Authorized Dealer, will service the majority of the Detect Security accounts. Astro Systems will remain a SecurTek installing dealer but the Astro customer accounts acquired by SecurTek will now be serviced by an existing SecurTek retail dealer Calgary Fusion. AE Security will continue to service the AE Security customers acquired by SecurTek. The Armax customers will now be serviced by SecurTek retail dealer Authority Alarms.
“These acquisitions will help to ensure that SecurTek can continue to excel in the very competitive security industry while returning profits to SaskTel,” added Styles.
About SecurTek
SecurTek, a wholly-owned subsidiary of SaskTel, provides commercial and residential security monitoring services to customers in Saskatchewan, Alberta, British Columbia, Ontario and Nova Scotia, from their state-of-the-art fully redundant monitoring centres in: Yorkton, Saskatchewan; Winnipeg, Manitoba; and Aurora, Ontario. Through their dealer program, SecurTek partners with over 80 independently owned firms including retail, wholesale and servicing dealers who provide security sales and service expertise to their customers. Fifteen of SecurTek’s dealers are Saskatchewan-based firms. SecurTek employs 121 people including 109 at their head office in Yorkton. Visit www.securtek.com for more information.
For more media inquiries only, please contact:
Andy Tate, SaskTel Media Relations
Phone: (306) 777-4548
Email: andy.tate@sasktel.sk.ca
View Additional articles regarding the aquisitions:
1-877-777-7590