Sale facilitated by Davis Mergers & Acquisitions Group
December 28, 2020, Long Grove, IL — Hart Alarm, LTD, Albany, NY, a 47-year-old second generation company, has sold its alarm business to Doyle Security Systems, Rochester, NY. Doyle has been in business since 1919.
Hart Alarm, one of the Capital Region’s most respected security systems companies, has been directed by the founder Jim Hart’s siblings, Steve, Susan and Ken. They determined that to grow to the next level, a capital infusion and more good people were needed. They decided to sell the company but remain active in it. To do so, they enlisted Davis Mergers and Acquisitions Group (DMAG, aka, “The Graybeards”) the premiere firm working with sellers exclusively in the security industry to find the perfect buyer.
DMAG turned to Doyle Security Systems. The “Graybeards” had worked with John Doyle, President, previously and knew they were an honest, ethical, down-to-earth, caring and successful organization.
Doyle Security Systems purchased Hart in late December and is now working with Hart’s employees to integrate all its operational systems. John Doyle stated that, “This is truly a great match for us. Hart has been run successfully for years. They just needed financial support and the expertise to grow and give its employees more opportunities. We’re pleased that DMAG thought of Doyle Security Systems.”
Steve Hart, President of Hart Alarm said, “The Doyle Security Systems group is just what we needed. Now all our employees will have the opportunity to grow within a larger, very well-run organization. The timing for our family was right.”
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About Davis Mergers & Acquisitions Group
Davis Mergers and Acquisitions Group (DMAG) a full-service team that works exclusively in the Security and Integration industries. For further information, contact Ron Davis by calling 847-955-2345, email rdavis@graybeardsrus.com, or visit: www.graybeardsrus.com.
