Memphis-based Frase Protection is planning to build a new headquarters in Cordova after it recently acquired the remaining assets of Stop Alarms, another Memphis-based home and small business security company. Frase recently purchased land for a new building site off Walnut Run and Germantown Parkway.
Frase, which specializes in security services, residential fire protection and access control, completed the purchase of Stop Alarms in early February and is integrating the assets into the company.
“Stop Alarms had been always been a local competitor of ours,” said Frase marketing manager Andrew Tinker. "With the acquisition, we gained a lot of their technicians and customer service people, and we picked up their accounts.”
Stop Alarms had served the Greater Memphis area for over 40 years offering security systems, security cameras, and access control systems. The business had been sold in 2014 to a Georgia-based alarm company before they filed bankruptcy in 2017.
With the new acquisition, Frase hired technicians and customer service staff and purchased fleet vehicles in order to continue expanding services to its customer base. The goal is to better serve its customers with updated technologies, additional fleet and experienced service technicians.
Frase now counts 30 employees, creating the need for additional office space. The company had purchased and an acre of land across the street from their current location at 757 Walnut Knoll Lane in Cordova.
The new headquarters will measure approximately 5,000 square feet, which is nearly double the size of the company’s current location.
“We’ve had plans to build a new office for the past year or so, but this new acquisition had expedited things,” said Tinker. “The new building will have more parking spaces, nicer offices and will be a little bit more modernized.
David Clark Construction is likely to be the general contractor on the project, which is up for approval from the city of Cordova within the next month.
“I think we start breaking ground within the next couple of months, and it should take six to eight months to complete,” said Tinker.