Walker Capital Corp. Acquires Comtronics
JACKSON, MI - Walker Capital Corp. announced today the acquisition of Comtronics, of Jackson, Michigan. Comtronics is a telecommunications and electronic security firm with over 3,000 residential and commercial customers in Michigan, Ohio, and Illinois. Comtronics established its Communications Division in 1958, and its Security Division in 1970. They have their own UL listed, 24-hour Alarm Monitoring Facility in downtown Jackson. In 1974, Comtronics formed Superior Answering Service to provide 24 hour telephone answering service to its customers. The acquisition will be transparent to Comtronics customers, and allow continued growth of the company, which completed record sales, increasing by 25 percent, in 1998.
Comtronics will be structured as a wholly owned subsidiary of Walker Capital Corp. Comtronics will continue to be operated as it has in the past, with Philip F. Campau, Sr. continuing as Chairman of the Board, and John A. Campau remaining as President. John A. Campau will be responsible for day-to-day operations of the company and will become a significant stockholder of Walker Capital Corp. Continued employment and benefits are being offered to the 40 employees of Comtronics. “We are very excited about our future with Walker Capital. With the inherent competitive nature of our industry they have the knowledge, resources, and expertise to provide world class service to our customers, and facilitate rapid expansion into other markets,” said John A. Campau.
Walker Capital Corp. was formed by James F. Walker for purposes of the Comtronics acquisition. This acquisition, when combined with other Walker holdings, will posture the company as a major force in the telecommunications and electronic security industry. It immediately provides a greatly expanded market area for Comtronics, with 25 sales professionals in a three hundred mile service area. Headquartered in Jackson, Comtronics will immediately have offices in Ann Arbor and Battle Creek, with plans to add offices in Adrian, Lansing and other Michigan Cities in the future. Walker Capital Corp. intends to acquire other telecommunications and electronic security companies in Michigan.
James F. Walker, President of Walker Capital Corp., grew his wholesale distribution business from $36 million in 1978 to over $360 million in 1993. His company became the 7th largest convenience store supplier in the country. “We are very proud to have Comtronics on our team. Our philosophy and management styles are very compatible, and we look forward to continuing their 40 year commitment to excellence,” Walker said.
Reprinted with permission from Jackson Magazine
Copyright February 1999