FE Moran Security Solutions, a Champaign, Illinois-based industry and home security alarm systems provider, as per recent reports, has announced the acquisition of MidCo Inc., a Burr Ridge, Illinois-based telecommunications contractor, for an undisclosed sum.
MidCo, founded in 1960, with a branch office in Bloomington, Illinois, specializes in all kinds of in-house capabilities which include all forms of electronic security, network infrastructure, hosted environments, and telecommunications services.
“As the convergence of physical and network security continues at a rapid pace, we are committed to providing end-to-end solutions to our valued clients. To that end, the addition of the MidCo team increases our in-house expertise in key areas,” says Brett Bean, FE Moran Security Solutions’ CEO. “MidCo’s unmatched history of providing clear solutions to complex problems complements and enhances the services we provide to our customers.”
Speaking on this context, MidCo’s President Paul Janik states the sale made sense for several reasons. Explaining further he says, “Together, we are uniquely positioned to provide customers with the most comprehensive set of security, communication, network and life-safety solutions available. FE Moran is one of the fastest growing independent security and network technology companies in the United States, has the capital structure to continue the technological growth and legacy of our company into the future, and shares the vision, mission, and values of the 60-year heritage of MidCo.” Continuing, he adds, “There could be no better partner for either one of our companies, our customers, and our employees.”
Post this acquisition, there aren’t any big changes in order and MidCo employees will continue to operate from Burr Ridge and Bloomington offices.