For over 40 years, this New York State-based Company has earned a reputation for being a trusted provider of comprehensive security solutions, specializing in safeguarding businesses and organizations against ever-growing physical and technological threats. With a strong presence and a proven track record, the Company has established itself as a go-to company for organizations seeking robust security measures.
Products and services offered include electronic access controls, security camera systems, commercial door hardware, intercoms, safes, and commercial locksmith solutions. The Company serves commercial, government and retail customers — including school systems, financial institutions, local businesses, municipal buildings, and other establishments.
The Company is uniquely position among security integrators as a result of the its vast knowledge of doors, hardware, and Life Safety Codes. The Company represents and is certified by numerous organizations and vendors including Associated Locksmiths of America, National Federation of Independent Business and National Safeman’s Organization (NSO), Kaba-Mas, Allegion and Assa Abloy.
The Company operates from a 10,600 SFT facility used for office, retail, and warehousing. The facility is leased from a related party at a fair market rental rate. According to management, the current facility can support an increase in revenue without the need for major capital expenditures.
Superior Name and Reputation: The Company enjoys a long-standing (42+ years) reputation for industry expertise, knowledgeable staff, and recurring customer base.
Diversified Customer Base: The Company serves more than 2,000 accounts on an annual basis. The diversified customer base helps ensure that the Company will not be significantly impacted by the loss of a single account.
Sales Growth: Historical sales grew from $2,113,000 in 2018 to $2,929,000 in the fiscal year ending December 31, 2022, representing a compound annual growth rate of 6.7%. Excluding the COVID impacted year, sales have grown consistently year over year in the historical period.
Strong Industry Growth Drivers: Revenue for US security services is forecast to grow at a CAGR of 5% between 2023 and 2027. Growth will stem from increasing need for classroom security, remote access controls, new monitoring products, and an aging demographic that invests in safety and security. Due to the necessity of the products and services offered, performance is expected to be insulated from economic cyclicalities or dips.