ST. LOUIS, March 13, 2015 – BrickHouse Security of New York has acquired the GPS tracking business of Cary, North Carolina based Securus, Inc.
The Edmonds Group, LLC acted as exclusive advisor to Securus, Inc. for the transaction. Tom Collopy, President of Securus, said, “The Edmonds Group played an important role in helping guide Securus in the sale of its two businesses. Throughout the process Henry Edmonds and his team helped us navigate a number of important and difficult issues and achieve win-win outcomes for all parties.”
The Edmonds Group also advised Securus on the sale last month of its PERS division to Freeus, LLC, a sister company of Ogden Utah based AvantGuard Monitoring Centers.
“We are pleased that Securus has been able to accomplish this step in their plan and believe the acquisition is an excellent fit for BrickHouse Security’s portfolio of product/service offerings,” said Henry Edmonds, President of The Edmonds Group.
With this acquisition, BrickHouse Security gains two existing GPS tracking businesses, Securus and Zoombak, a subsidiary previously acquired by Securus. “What this does is it takes the three largest direct-to-consumer GPS brands and rolls them up into one company, on one platform, with one set of infrastructure,” said Todd Morris, CEO of BrickHouse Security.
About The Edmonds Group, LLC
The Edmonds Group is a specialized investment bank focused on recurring revenue businesses with a particular emphasis on the security alarm industry, the PERS industry, and related verticals such as video and GPS. The Edmonds Group has closed approximately 50 transactions representing more than $3 billion in transaction value since its inception in 2004. For more information on The Edmonds Group, please visit www.theedmondsgroup.com.
About Securus, Inc.
Securus, Inc. (www.SecurusGPS.com) provided advanced mobile safety and security solutions through a network of regional and national dealers, retail outlets and PERS providers. In March 2015, its GPS business was acquired by BrickHouse Security and in February 2015 its PERS business was acquired by Freeus.
About BrickHouse Security
BrickHouse Security is a premier supplier of security, surveillance and technology solutions to individuals, businesses, government agencies and the law enforcement community. For more information on BrickHouse Security please visit www.brickhousesecurity.com
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