Press Release March 2016
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Titan Alarm Inc. acquires assets from Arizona Fire Test Inc.
Arizona Fire Test Inc. has been operating in the greater Phoenix area since early 2000. While primarily focusing on new fire alarm installations, the company has generated a loyal base of customers who have grown to love the fast service and affordable pricing model offered. Arizona Fire Test has also placed focus on fire alarm tests and inspections throughout the state of Arizona. Owner Herman Portillo of Arizona Fire Test Inc. said, “I’m excited to be able to join forces and work full-time with Titan Alarm which will allow my customers the ability of adding on so many other services I was unable to offer them in the past.” Mike Proudfit, CEO of Titan Alarm Inc. commented, “Arizona Fire Test Inc. was a terrific acquisition for Titan Alarm. Acquiring this customer base and great people will allow us to move forward with a focus on serving the fire needs of customers here in the Phoenix area.” The transaction was finalized on March 11, 2016.
As Titan Alarm Inc. works diligently to become the leader in company acquisitions in the Arizona market, Mike commented, “This was our first acquisition after lining up institutional funds through The Private Bank. We plan to complete 4-5 more this year. It’s exciting to see the employees who come over and become a part of Titan Alarm’s company culture. There’s so much excitement to go forward in a better direction.” Stay tuned as a second acquisition is in process with another local alarm company here in Phoenix. Titan Alarm anticipates completing this additional acquisition by the end of March 2016.
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