In 1994, Sverica raised financing to acquire Automatic Detection Systems, Inc. (ADSI). ADSI was ranked amongst the United States' top 100 electronic security companies, designing, selling, installing, monitoring, and servicing commercial and residential electronic security systems. Martin Steber moved to Birmingham, AL to head ADSI as President and CEO. The company experienced accelerated internal and external growth, pursued multiple acquisitions, and was finally sold in 1996 to a large utility company. Investors benefited from returns significantly exceeding Sverica's original projections. |