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Alarm Detection systems of Illinois acquires assets of North Shore Security of Evanston, Illinois

Chicago, IL (July 2, 2002) – Alarm Detection Systems, Inc., an Illinois Corporation, headed up by Bob Bonifas, former President of both the National Burglar and Fire Alarm Association and Central Station Alarm Association, has acquired all the assets of North Shore Security, Evanston, IL, owned by Don and Katie Bally. Acquisition of over 2,000 accounts owned by North Shore Security was one of the largest transactions completed by ADS.

“The multiple paid on this transaction was considerably higher than typical industry averages, which is good news for many independent alarm dealers. Buyers are still willing to pay top dollar for real, value-added acquisitions. In this instance, the strategic fit was almost perfect”, commented Ron Davis, Managing Partner of Davis Marketing Group, who represented the seller. Davis Marketing Group is the industry’s oldest consulting firm whose merger and acquisition activities date back to the mid 1970’s.

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