Lanvac buys Maritime monitoring station
Lanvac recently purchased Safe Harbour Security in a deal worth approximately $3 million.
Safe Harbour Security operates a monitoring station in Sydney, N.S., which serves 300 dealers.
“It was a good fit for us,” says John Georgoudes, co-president, CEO and CFO at Lanvac. “We wanted to have a station in Sydney. Our parents, when they first emigrated, landed in Sydney, N.S. That’s where our roots are, so it’s sort of like going back to our roots. Safe Harbour looked like a good company and it had a good set of accounts. When the opportunity came up, we took it.”
The station, which employs 30 people, will be renamed Oceania. Lanvac’s five other stations in Canada are Odyssey in Montreal, Atlantis in Quebec City, Nemesis in Toronto, Pegasus in Ottawa and Pacifica in Vancouver. Georgoudes says the stations interoperate as “one big station.” The Sydney station “is going to work in conjunction with the rest of the stations.”
Georgoudes says Lanvac is considering expansion into the Prairies in order to optimize the company’s footprint across Canada.