Becklar Monitoring - Comprehensive Analysis Report

Summary

Becklar Monitoring is a leading provider of comprehensive connected safety and monitoring solutions in North America. The company delivers professional monitoring services through a wholesale ecosystem designed to protect people and property. Becklar offers a suite of services, including video remote guarding, critical event monitoring, and response services. With a history spanning over 40 years, Becklar is committed to saving lives, protecting property, and enhancing personal freedom and peace of mind. The company was formed in 2017 by Josh Garner to unite Freeus and AvantGuard businesses under one umbrella. Becklar is based in Utah, and its name is derived from the Bechler River in Yellowstone National Park.

1. Strategic Focus & Objectives

Core Objectives

• Deliver value-added services.

• Ensure the safety of employees and assets.

• Protect customers and their belongings.

Specialization Areas

• Providing customizable safety solutions across various industries, including fire and security protection, personal emergency response systems (PERS), workforce safety, and connected wellness.

• Leveraging innovative technologies, including AI and machine learning, to enhance the reliability, speed, and accuracy of its monitoring services.

Target Markets

• Commercial, residential, and enterprise customers.

2. Financial Overview

Funding History

• In December 2024, Becklar received an investment from Graham Partners. Becklar management and existing private equity partner BV Investment Partners retained substantial ownership stakes.

• In July 2020, Becklar partnered with BV Investment Partners.

• Becklar's estimated annual revenue is $7.5 million.

3. Product Pipeline

Key Products/Services

• Video Remote Guarding: Combines video surveillance, analytics, and live audio to prevent crime.

• Video Alarm Verification: Analyzes video segments to verify the validity of alarms and dispatch emergency services.

• Security & Fire Monitoring: Monitors events with speed and accuracy.

• PERS and Medical Monitoring: Provides fast, professional response for personal emergencies.

• IoT/Connected Devices Monitoring: Monitors security devices, environmental conditions, and crash detection sensors.

• Workforce Safety: Monitors employees in hazardous environments.

4. Technology & Innovation

Technology Stack

• AI-powered Engage Platform uses AI and machine learning to determine the intent of incoming alarms.

• Patented AI-driven platform. An AI driven platform and expert operators deliver industry-leading emergency response times.

• Freeus solutions include mobile PERS devices, a proprietary device management software platform, cellular connectivity and event response monitoring service.

5. Leadership & Management

Executive Team

• Steve Richards: Chief Executive Officer.

• Ray Langhaim: Chief Financial Officer.

• Tyler Tribe: Chief Technology and Product Officer.

• Clint Halverson: Chief People Administrative Officer.

• Kirsten Kelley: Vice President of New Vertical Offerings and Marketing.

• Richard Watts: VP of Information Security.

• Terri Bendixsen: Vice President of Accounting/Controller.

• Aaron Britton: VP Of Mergers And Acquisitions.

• Justin Bailey: President, Becklar Monitoring.

• Brock Winzeler: President, Becklar Workforce Safety / Personal Health & Safety.

• Daniel Forrest: President, Remote Guarding.

• Troy Iverson: SR. Vice President of Sales.

• Jeffrey Bradford: Leads the Becklar Marketing Team.

• Josh Garner: Founder and Chairman of the Board.

Recent Leadership Changes

• In March 2021, Steve Richards was appointed as Chief Executive Officer, succeeding Josh Garner, who assumed the role of Executive Chairman of the Board.

• In June 2023, Daniel Forrest remained on as president of Eyeforce after its acquisition.

6. Competitive Analysis

Major Competitors

• Kognition

• Peterson Partners

• Sorenson Capital

• Assure

• StrongArm

• LSCI

• Workplace Safety & Health

• RedFlag by Pocketstop

• Voxel

• Surveily

• Visionify

• EarthCam

• Lumana

• Protex AI

• Rapid Monitor

7. Market Analysis

Market Overview

• The demand for integrated safety solutions is rising due to increasing insurance rates, the need for personal protection, new legislation, employee demands for better protection, and the costs associated with an aging population.

8. Strategic Partnerships

• BV Investment Partners: Becklar partnered with BV Investment Partners in July 2020.

• Graham Partners: Becklar received an investment from Graham Partners in December 2024.

• Armstrong's National Alarm Monitoring: AvantGuard acquired Armstrong's National Alarm Monitoring in October 2022.

• Eyeforce: Becklar acquired Eyeforce in June 2023.

• Sunnova: Becklar Teams Up with Sunnova to Launch Innovative Workforce Safety Solution.

9. Operational Insights

• Becklar differentiates itself through its comprehensive suite of connected safety solutions, award-winning technologies, and a culture of caring. The company has a network of interconnected monitoring centers and a focus on fast response times. Its acquisition of Eyeforce strengthened their position in video monitoring and remote guarding.

10. Future Outlook

Strategic Roadmap

• Becklar aims to deepen its penetration of markets, accelerate innovation, acquire complementary businesses, and expand its reach in North America and Europe.