ST. LOUIS, January 27, 2016 – World Wide Security of New York has completed the sale of its business to Novidam Capital LLC. The Edmonds Group acted as advisor to World Wide Security on the transaction.
“The Edmonds Group provided invaluable assistance in evaluating options and in negotiating and structuring the transaction,” stated Ken Mara, founder and former CEO of World Wide Security. As a result we achieved all our goals in the transaction.”
Headquartered in Garden City, NY, and founded in 1979, World Wide Security serves the life safety system needs of residential, commercial, industrial, healthcare and schools in the tristate New York metropolitan area.
Henry Edmonds, President of the Edmonds Group said, “Novidam recognized the exceptional value created over the last 36 years by the entrepreneurial management team at World Wide.” Alexander Schuil of Novidam is now CEO of World Wide. The company will continue to operate as before the change of ownership.
About The Edmonds Group, LLC
The Edmonds Group is a specialized investment bank focused on recurring revenue businesses with a particular emphasis on the security alarm industry, the PERS industry, and related verticals. The Edmonds Group has closed over 50 transactions representing more than $3 billion in transaction value since its inception in 2004. For more information on The Edmonds Group, please visit www.theedmondsgroup.com.
About World Wide Security
World Wide Security has been serving the needs of residential, commercial, industrial, healthcare and schools with security and life safety systems since 1979. World Wide and its divisions: GC Alarm, Telestat Security, Rainbow Protection and Dart Security provide customers in the tristate area with expert design and installation of security alarms, fire alarms, CCTV, perimeter security systems, home theatre, medical monitoring, sensor technology, cameras, video and audio. For more information on World Wide Security visit www.worldwidesecurityusa.com.
About Novidam Capital LLC
Novidam Capital is a private investment firm focused on acquiring and operating a privately held company with revenues from $10-30 million. For more information on Novidam Capital visit www.novidam.com.