Keystone Business Advisors Facilitates Perma-Guard Security Sale to Bay Alarm
FOR IMMEDIATE RELEASE
(Westlake Village, CA)— Keystone Business Advisors recently announced that Bay Alarm has acquired Los Angeles, California-based Perma-Guard Security Systems, Inc. Perma-Guard had retained Dave Richards, President and M&A Advisor, of Keystone Business Advisors to represent them to manage and negotiate the sale of their company.
“Due to the nature of the alarm industry coupled with certain operation dynamics within the company, we focused our marketing efforts targeting strategic buyers. We believed the best way to achieve a strong valuation was to focus on existing industry players who could absorb meaningful fixed operating cost such as the company’s in-house monitoring operations which would immediately increase bottom line profitability. After discussing the company with several California-based alarm companies, we quickly realized the Bay Alarm was the best fit. Bay Alarm valued Perma-Guard’s high concentration of business customers and was able to reduce the company’s operational overhead by 50% which enabled Perma-Guard to achieve its price.” stated Dave Richards of Keystone Business Advisors.
Helen Linden, a principal of Perma-Guard, stated “Dave Richards is an extraordinary broker and we are thrilled that we chose him to negotiate the sale of our 42-year-old business. Dave made sure that both parties were always on track and successfully navigated during some tough issues. Dave earned our respect by his consistency, experience and above all his integrity.”
About Perma-Guard Security Systems, Inc.:
Perma-Guard Security Systems, Inc. is a security alarm company which installs, services and monitors alarms for commercial and residential customers. Perma-Guard maintains its own in-house central station providing protective services directly to its subscribers. The company services over 4.000 subscribers which is composed of 80% commercial and 20% residential accounts.
About Bay Alarm:
Bay Alarm, a family owned and locally operated security company, has been dedicated to protecting homes, businesses and communities for more than 70 years. As the largest independent security company in the United States, with over 16 branch locations Bay Alarm has grown its customer base to protecting over 140,000 residential and commercial customers and recently invested in a state-of-the-art training center.
About Keystone Business Advisors:
Keystone Business Advisors is a full-service M&A advisory firm. We specialize in managing the sale of privately-owned California-based businesses with annual revenues up to $100 million. We have completed over 200 + transactions and have considerable experience in most industries including manufacturing, wholesale/distribution, service, ecommerce, software, logistics, professional services and healthcare. All Keystone M&A advisors are experts managing the sale process and excel in keeping things moving forward in an orderly manner to ensure that sensitive information is protected, uncertainty is avoided, and the best price is achieved.
Westlake Village, CA 91362
Telephone: (800) 978-0550