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Alaska General Alarm

Anchorage

1970

We acquired a small security systems installation company and grew it into the largest building security company in Alaska.

    We purchased a small security systems installation company with three employees and grew it into the largest building security company in Anchorage with over thirty employees. The majority of customers were commercial office and retail properties, as well as institutional customers like schools and state and local municipal offices. We also provided security systesm for a small number of luxury homes.

    We sold the business in 1978 in order to concentrate on other business interests.

    Investment Thesis

    Long term contracts offered strong reoccuring revenue.
    Opportunity to become the first security system company in Alaska to have a UL listed alarm monitoring station.

    Lessons Learned

    Profits from the business had to be reinvested into the business in order to continue growing. Needed to buy additional trucks, hire additional installers, etc.