Guardian Protection Services, Inc. Acquires Ranger American's Florida Operations
WARRENDALE, Pa., Oct. 3 -- Guardian Protection Services, Inc. is pleased to announce the acquisition of Ranger American's Florida operations, effectively expanding Guardian's geographic footprint to include Orlando, Bradenton, Melbourne, and Tampa.
Ranger American/Florida is the largest provider of home technology solutions in Florida with a substantial number of well-developed builder relationships. Ranger American/Florida was a division of Ranger American, ADT's largest dealer. The purchase will add 800 rooftops per month to Guardian's production within its product lines of installed home security, structured wiring, distributed audio and other home technologies. The acquisition will also add 80 builder partners and more than 225 new Guardian employees.
"I visited the Ranger American offices to formally meet the employees and I was impressed by their enthusiastic welcome," said Russell Cersosimo, Guardian's chief executive officer. "I am convinced the merger between our existing talent pool and the remarkable team at Ranger will be seamless."
Guardian expects its centralized infrastructure, sophisticated systems, and marketing capabilities to combine well with Ranger's experience and existing builder relationships. While adding significant account volume and expanding Guardian's footprint in a manner consistent with its goals, Guardian expects the merger to increase its gross revenue by $20 million.
"I've always admired Ranger's foresight and I believe this acquisition is a win-win," said Mr. Cersosimo, adding that, like Guardian, Ranger American is an experienced operator in the new construction market.
Guardian designs, installs and monitors residential and commercial security systems and currently protects approximately 200,000 customers. The Guardian Home Technologies division markets to approximately 300 builders throughout the U.S. and provides structured wiring installations that create an infrastructure for advanced home technologies in new home construction, including shared use of the Internet and home/office networking, distributed audio, home theatre, flat screen TV, intercom, and central vac.
Guardian Protection Services is one of the Armstrong Group of Companies. Guardian reported gross revenues of approximately $107 million in 2006. Headquartered 20 miles north of Pittsburgh in Warrendale, Pa., Guardian provides 24-hour monitoring throughout the United States. Guardian sells and installs in 16 states with 15 corporately-owned offices located in Arizona, Florida, Illinois, Indiana, Maryland, Michigan, North Carolina, Ohio, Pennsylvania, and Wisconsin. Guardian has an authorized dealer program that parallels this coverage and expands it into Connecticut and New York. Guardian opened its first office in Sarasota, Florida, earlier this year. The Ranger American/Florida acquisition brings the number of Guardian's Florida- based offices to five, and the total of Guardian corporately-owned offices to 19.
Source: Guardian Protection Services, Inc.
CONTACT: Russell Cersosimo, Chief Executive Officer of Guardian Protection Services, Inc., +1-412-818-5815, rcersosimo@gpsx.net
Web site: http://www.guardianprotection.com/
