Titan Alarm Acquires Giant Security Systems
Titan Alarm Inc., a security, access, fire and surveillance company based in Phoenix Arizona, made its second acquisition of the year with the purchase of 440 accounts from Giant Security Systems, Inc., also based in Phoenix. Titan Alarm CEO, Mike Proudfit, told Security System News, “discussions with Giant Security Systems owner Nick Pugliese began last year. I knew after meeting him, and the integrity and character that he displayed while getting to know him over the course of the past year, that he would have a great base of customers.” Proudfit said that in addition to acquiring a “great customer base with a great history,” Pugliese is joining Titan Alarm Inc. as service manager. “When it comes to acquisitions, we are interested in good people, and Nick is one of those good people that we are referring to.”
This is Titan Alarm’s second acquisition since closing on a $5 million line of credit with The PrivateBank. Proudfit indicated that Titan Alarm has been growing rapidly since he and his brother, Titan Alarm COO, Taylor Proudfit, founded the company in 2008. Mike said, “Titan will be at $175,000 in Recurring Monthly Revenue by 2016 years end” and he expects the company to double in size within the next two years. “We are growing tremendously on the organic side, and revenue-wise we are up significantly from last year, and should reach the $2 million installation revenue mark this year.”
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Updated by Titan Alarm on November 5, 2018.