F.E. Moran Alarm and Monitoring Starts 2006 With Two Acquisitions
January 30, 2006, Long Grove, IL — Starting the year the same way they ended it, F.E. Moran Alarm and Monitoring, Champaign, IL, concluded its first and second acquisitions of the year.
Concluding six months of negotiation, Brett Bean, President of F.E. Moran Security and Monitoring, announced the acquisition of Life Safety Design, headed by Dale Fitzpatrick, long time industry veteran. Headquartered in Danville, IL, Life Safety's book of business centered on both the residential and commercial accounts throughout much of central Illinois. While the purchase price was not disclosed, the number of accounts was significant, numbering over 1,000. Dale Fitzpatrick will continue on as General Manager of Moran's operations in central Illinois.
Handling the negotiations for Moran was Brett Bean, its' President, representing Life Safety was Ron Davis, Davis Marketing Group.
Brett Bean had this to say: “This acquisition adds substantial substance to our already rapidly growing business in central Illinois. We intend to monitor these accounts in our state-of-the-art, UL central station in Champaign. Dale Fitzpatrick is a valuable asset to the Moran family!”
At the conclusion of the acquisition process, Ron Davis had this to say about the third acquisition he has handled with Moran as the buyer: “Brett Bean and his partner, Brian Moran, are two of the new generation of quality players in this industry. They understand the business, they know how to build companies and understand the non-financial elements of the transaction that make getting a deal done, easy”.
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For further information contact:
Davis Marketing Group
Phone: (847) 955-2345