Redwire, a Tallahassee, Fla.-based provider of integrated security solutions announced the acquisition of the of State Alarm, located in Port Richey, Fla.
Founded in 2005 by Don Shury, State Alarm has a rich, almost 20-year history in the intrusion and fire detection, video surveillance and access control businesses, according to the announcement. Through the purchase of the majority of their roughly 1,200 accounts, 80 percent commercial and 20 percent residential, Redwire strengthens its presence in Central and South Florida.
Ted Frazee, president of Redwire, said the purchase of State Alarm “aligns perfectly with our vision for strategic expansion and innovation in the security sector.”
Frazee continued, “This acquisition not only strengthens our presence in the region, but also allows us to leverage the expertise and experience of State Alarm's dedicated team to deliver unparalleled service to our clients.”
Redwire has specialized in the security industry for over 40 years, delivering tailored solutions to meet the unique security needs of its clients. The company installs and services best-in-class technology, including integrated security systems, access control, video surveillance, and fire detection for commercial, institutional, governmental, and residential clients across Florida, South Georgia, and Southern Alabama.
Barry Epstein of Vertex Capital was the advisor to State Alarm in the transaction.