Daisy, a national smart space installation and services company, has announced further expansion in Fairfield County, Connecticut, with the recent acquisition of Integrated Lifestyle, Inc. by Daisy company DAVCO Custom Integration.
The consolidation of these two integration firms under the Daisy umbrella is said to not only strengthens Daisy’s presence in the region, but it will also position DAVCO Custom Integration for significant revenue growth.
“This acquisition demonstrates the value Daisy creates for integrators joining the Daisy team. We are helping DAVCO achieve greater than 40% annual growth in its first year as a Daisy company, creating exciting new growth opportunities for its team and technicians, while also providing full support of all acquisition and integration needs,” comments Hagan Kappler, co-founder and CEO, Daisy.
“We are excited to deliver on our promises to integrators to help them dramatically increase the value of their businesses while also improving their quality of life. At our industry-leading 30% profit margins, this growth increases DAVCO’s value by over $2 million.”
DAVCO Acquisition Continues Daisy’s Rapid Growth in the Smart Home Market
Since joining Daisy in February and adding this most recent acquisition—DAVCO, a well-known integrator in business since 1986—is now projected to expand market reach and increase revenues by 40% this year. In addition to providing assistance to DAVCO to enable the acquisition, Daisy has also spearheaded additional operational support, new technician recruiting and the implementation of training and certification programs to drive their continued growth and success.
“Daisy’s involvement has been transformative to our business at this stage of our ongoing development,” adds Greg DellaCorte of DAVCO Custom Integration.
“From supporting our daily operations to empowering us to pursue strategic acquisitions like Integrated Lifestyle, Daisy has made a significant difference in the top-line revenue and efficiency of our company and positions us for even greater success going forward.”
Following the launch of its national business model at the beginning of this year, Daisy saw immediate growth in its program through the acquisition of integration firm cyberManor and subsequent expansion into Florida. The company also recently formed a strategic partnership with PrepTECH to aid in talent acquisition and employee training for its businesses.
