Advanced Security Technologies (AST) announced it has acquired Premier Security and Fire of Modesto, Calif. The purchase was financed by Alarm Financial Services (AFS) for an undisclosed amount. This acquisition will allow AST to continue its growth in the residential and commercial markets.
For AST CEO, Bob Ricucci, the deal was especially accretive. “The Premier business model fits with what we do and how we approach client performance and satisfaction,” he said. “The geographic density and size of the account base made this transaction ideal for all parties. Our effort now will build upon the already excellent performance of Premier, and provide our new members of the AST family the very best service and total solutions possible. Additionally, our partnership with Alarm Financial Services has been instrumental in successfully completing this transaction.”
Premier CEO Russ W. Vorse added, “We’re confident that AST can provide the same level of service that our customers have come to expect from us.”
Learn more at www.ast-security.com.