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Edison Select Company

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July 21, 1998 | Daryl Strickland
Westec Security Group Inc., a Newport Beach provider of alarm systems and patrol services, agreed to sell its residential division to Edison Select for an undisclosed sum. The transaction, expected to be completed by Aug. 31, would make Industry-based Edison one of the largest home security providers in the state. The industry has seen dramatic consolidation, with big companies paying handsome sums to enter the market, drawn by the prospect of offering homeowners services besides security.
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BUSINESS
July 21, 1998 | Daryl Strickland
Westec Security Group Inc., a Newport Beach provider of alarm systems and patrol services, agreed to sell its residential division to Edison Select for an undisclosed sum. The transaction, expected to be completed by Aug. 31, would make Industry-based Edison one of the largest home security providers in the state. The industry has seen dramatic consolidation, with big companies paying handsome sums to enter the market, drawn by the prospect of offering homeowners services besides security.
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