For Immediate Release
ASG Security Acquires Argus Security Systems
Beltsville, Maryland, April 26, 2004Alarm Security Group, LLC (“ASG Security”) announced today that it has acquired Argus Security Systems. Based in McAllen, Texas, Argus is one of the largest electronic security systems providers in the Texas Rio Grande Valley. Privately owned since 1981, Argus sells and installs fire and burglar alarm systems, commercial sound systems, fire suppression systems, CCTV and access control systems, fire extinguishers, integrated systems and automatic gates. Argus has over 7,800 customer accounts and generates approximately $8M per year in gross revenues including over $200,000 in recurring monthly revenue. “The purchase of Argus is an excellent strategic addition to our existing Texas footprint. Argus is an extremely well-run operating company which provides ASG an immediate opportunity to achieve increased market density from add-on acquisitions and incremental internal growth,” notes Joe Nuccio, President and CEO of ASG Security.
ASG Security is headquartered in Beltsville, Maryland, with full-service operations in the Mid-Atlantic/Washington D.C. region and throughout the State of Texas. One of the twenty largest U.S. security alarm companies, ASG is focused on the commercial and high-end residential market segments serving approximately 37,000 subscribers. ASG’s service offerings include integrated video surveillance, access control solutions and fire and burglar alarm systems.