August 12, 2010
SecurTek Monitoring Solutions Inc. today announced it will invest $1.4 million to acquire approximately 7,500 wholesale and retail accounts of Ontario-based Maximum Monitoring Services Ltd.
“SecurTek continues to be a Saskatchewan success story and this acquisition further supports our strategy of growing our business and expanding our market reach,” said Robert Watson, SaskTel President and CEO. “SecurTek has been a profitable subsidiary of SaskTel since 2002. It is acquisitions such as this, along with new customer account growth, that ensure SecurTek’s financial position remains strong.”
“Our partnership with SecurTek offers SecureVision View an opportunity to expand our products on a national basis and insures the continued excellence in monitoring and service for our customers,” said Robert Miller, SecureVision View Owner.
Maximum Monitoring Services Ltd. has been in the security and monitoring business for many years, and has an established customer base and a strong commitment to customer service. Maximum will become an Authorized Dealer for SecurTek, operating under the name of SecureVision View Inc. The retail customers will continue to be served by Maximum, now operating under the name of SecureVision View Inc.
“This acquisition positions SecurTek to thrive in the monitoring industry’s competitive market and achieve economies of scale that will return a profit to SecurTek’s parent company, SaskTel,” added Watson.
SecurTek, a wholly-owned subsidiary of SaskTel, provides commercial and residential security monitoring services to customers in Saskatchewan, Alberta, Manitoba, British Columbia, Ontario and Nova Scotia, from their state-of-the-art fully redundant monitoring centres in Yorkton, Saskatchewan and Winnipeg, Manitoba. Through their dealer program, SecurTek partners with over 80 independently owned firms including retail, wholesale and servicing dealers who provide security sales and service expertise to their customers. Fifteen of SecurTek’s dealers are Saskatchewan-based firms. SecurTek employs 121 people including 109 at their head office in Yorkton. Visit www.securtek.com for more information.
For more information, contact:
Michelle Englot, SaskTel Corporate Affairs
Phone: (306) 777-4476