WILMINGTON, Del. — B Safe Security, a regional provider of security and fire/life-safety systems to clients in Delaware, Maryland, New Jersey and Pennsylvania, has increased its footprint with the acquisition of BH Security in Union, N.J.
Terms of the transaction were not disclosed. The acquisition brings more than $200,000 in recurring monthly revenue (RMR) to B Safe, according to a press release.
Family-owned BH Security was incorporated in 1979 to provide security and life-safety solutions to the New Jersey and Metro New York area.
“BH Security has been a strong commercial provider for over 30 years,” says Barry Epstein, founder and president of Vertex Capital, an acquisition firm which represented BH Security in the transaction. “This acquisition gives B Safe a stronger presence in northern New Jersey, opening up tremendous opportunities for them.”
B Safe Security was founded in 1978 by current owner and CEO, Phil Gardner, who established the company with his long-time friend Joseph Gallagher.
As the largest privately owned security company in Delaware with over 20,000 monitored clients, B Safe serves the greater Tri-State area from five main offices, including its headquarters in Wilmington, Del. Along with being a full-service security provider, the company is also NICET-III certified for fire alarm signaling systems.
A Platinum Honeywell Authorized Security Dealer, the company staffs NICET-certified technicians for fire alarm signaling systems and has UL certification for fire and intrusion alarm systems.
The acquisition was also facilitated by John Colehower, principal of Mergers & Acquisitions, a consulting firm specializing in the security industry.