Acquisitions to increase sales a projected 150% in 2007
HOUSTON, Texas – Nov. 30 (SEND2PRESS NEWSWIRE) — Infrastruct Security, Inc. (www.infrastructsecurity.com) acquires Monarch Security and purchased the systems and the service account base from Kimmons Security Services. The leading critical infrastructure and convergent security solutions integrator on the Gulf Coast, Infrastruct Security continues to expand its presence.
“These two recent transactions have accelerated the goals of Infrastruct Security in taking the dominant market position in our region and are consistent with our overall growth strategy. The synergistic effect translates into annual sales in the $10 million range. We expect sales to reach $15 million in 2007 with recurring services close to $75,000 monthly,” said Dan Weiss, President and CEO of Infrastruct Security, Inc.
The terms of the Monarch Security acquisition include; all fixed assets, monitored and service customer accounts, installation backlog and inventory. All employees of Monarch Security have accepted positions with Infrastruct Security. “We are very excited about the great things the combined organizations can bring to the existing customer base as well as to marketplace,” said Daniel Weiss.
Under the conditions of the Kimmons Security Services agreement, Infrastruct Security will be responsible for all services calls, monitoring, new installations, and account receivables for the Kimmons Security Services security account base. Select employees from Kimmons will continue to provide account transition and sales support while maintaining their core focus on providing a wide array of investigative and countermeasure services, including corporate investigations, civil litigation support, and asset discovery.
“The partnership with Kimmons supports our efforts in expanding our vertical market expertise and is another important step in our emergence as a single source provider of security services to the critical infrastructure marketplace,” according to Andrew Wray, Vice President of Marketing and Sales of Infrastruct Security, Inc.
Infrastruct Security plans on future expansion and or acquisitions in Louisiana, Oklahoma and Arizona early in 2007.
About Infrastruct Security, Inc.
From the fence line to the board room, Infrastruct Security, Inc. is a leader in providing unique, turnkey security solutions that are specifically designed for both large- to mid-sized commercial and industrial sites. Infrastruct Security’s I3 process methodology is comprised of Consulting, Systems and Service. For more information, visit www.infrastructsecurity.com.
About Kimmons Security Services, Inc.
Kimmons Security Services, Inc. has a reputation for maintaining a high-confidentiality level with each investigation. The investigative firm has associate offices and working relationships with other investigators and investigative firms not only in Houston, but throughout the world.
News issued by: Infrastruct Security, Inc.
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Original Story ID: (2270) :: 2006-11-1130-009
Original Keywords: Infrastruct Security Inc, Kimmons Security Services, Monarch Security, Houston Texas, Dan Weiss, Andrew Wray, Gulf Coast investigators and investigative firms Infrastruct Security, Inc.
News Source: Infrastruct Security, Inc.