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Stanley Convergent Purchases Four Sonitrol Franchises
October 9, 2009
The purchase includes Sonitrol Cascades, Sonitrol of South Oregon, Sonitrol of Spokane and Sonitrol of Yakima collectively operating as Sonitrol Cascades from Vyanet Capital Group, L.L.C.
Sonitrol of Cascades is one of the top ten Sonitrol franchises in the U.S., based on recurring revenue in 2008, and was reported as the 41st largest security company in the United States overall based on the “SDM 100” annual ranking. The sale includes mostly commercial accounts including education, local government, property management, banking, retail, restaurant and other customers being serviced throughout Oregon and Washington state. Terms of the sale were not disclosed.
Stanley CSS will expand its direct coverage for Sonitrol products and services to include the Eugene & Medford, Oregon and Spokane & Yakima, Washington areas. Stanley CSS’ stated strategy is to mainstream advanced Sonitrol audio verification technology and services across North America through its corporate locations and franchise partners.