Assured Security

What Assured Security does

Assured Security, legally Bloomington Lock & Safe Co Inc., is a family-owned commercial security solutions provider headquartered in Bloomington, Minnesota, founded in 1964 and operating under the Assured Security trade name since a June 1, 2020 brand consolidation of Bloomington Security Solutions and Assured Security, Inc. The company delivers integrated door, lock, and electronic security services to commercial businesses, multi-family properties (apartments, condominiums, senior living), schools, municipal/government facilities, and industrial/warehouse customers across the Twin Cities metro area. Its product portfolio spans four solution areas: Access Control (electronic door access, keyless entry, wireless access control, visitor access systems, intercoms, master key systems), Alarms & Cameras (commercial alarm systems and AI-enabled surveillance), Locks & Safes (commercial locksmith, high-security locks, safes, intelligent key systems), and Doors & Operators (commercial doors and frames, door hardware, ADA-compliant automatic operators, hands-free solutions, door management). Technology is built on integrations with third-party platforms — SALTO Homelok, Schlage Engage, and Yale Accentra for wireless access control; Brivo Security Suite and Eagle Eye Networks for cloud video management with AI features including gun detection, license plate recognition, loitering detection, and 911 video sharing; and Medeco for high-security key systems.

The business model is a hybrid of project-based installation revenue, hardware sales (locks, safes, doors, frames), professional services (repair, maintenance, rekeying), and a smaller recurring layer from mobile credential subscriptions on cloud access control. Pricing is quote-based and project-specific, with no publicly disclosed tiers; sales are direct-to-consumer via phone, website quote forms, and field technicians performing on-site assessments and installations. The company also operates Minneapolis Lock & Key as a wholly-owned residential division under common family ownership, capturing residential referrals. Distribution is regional (Twin Cities) with no disclosed expansion plans, and marketing is anchored by an educational content blog, email newsletter, and organic social presence. Leadership consists of co-founder/co-owner Mark Hokanson and President Tony Hokanson, with the company remaining privately held and free of institutional investment.

Name

Assured Security

Legal name

Bloomington Lock & Safe Co Inc.

Website

https://assuredsecuritymn.com

Company type

Private

Founded year

1964

Operating status

Operating

Headcount range

11–50 employees

Short description

Assured Security is a family-owned commercial security provider in Bloomington, MN, delivering integrated door, lock, and electronic security solutions—including access control, alarms, cameras, and AI-powered surveillance—to commercial and multi-family properties across the Twin Cities metro since 1964.

Ownership category

akta.pro rank

Product category

Commercial Security Services

NAICS

Security Systems Services (except Locksmiths) (561621), Security Systems Services (56162), Locksmiths (561622)

SIC

Services-Detective, Guard & Armored Car Services (7381)

akta.pro primary industry

Security, Safety & Fire/Life Safety Management (BPABAAAE)

Keywords

• Commercial security services
• Access control systems
• Commercial locksmith services
• Automatic door operators
• Commercial surveillance systems

Headquarters

HQ city

Bloomington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Security System Installation: Professional installation of commercial security systems including access control, alarms, cameras, door operators, and locking hardware. One-time project-based revenue with pricing based on scope and property requirements.
2. Repair and Maintenance Services: Ongoing repair and maintenance services for existing security systems, door hardware, and access control equipment. Service calls billed separately from parts/materials.
3. Security Products and Hardware: Sale of security hardware including locks, safes, door frames, door hardware, and electronic security components. Products sold as part of installation projects or standalone.
4. Cloud Access Control Subscription: Mobile credential subscription services for wireless access control systems, providing ongoing per-user access management fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Assured Security is a family-owned commercial security contractor that sells, installs, services, and maintains door, lock, and electronic security solutions for commercial properties in the Twin Cities metro area. Its offering spans access control systems, alarm and surveillance systems, commercial locksmith and high-security lock services, safes, commercial doors and frames, door hardware, and ADA-compliant automatic door operators, delivered through on-site field service with project-based quotes.

Product overview

Assured Security is a family-owned commercial security solutions provider operating as a single, unified product and service portfolio organized around four core solution areas: Access Control (electronic door access, keyless entry systems, wireless access control, visitor access systems, intercoms, master key systems), Alarms & Cameras (commercial alarm systems and surveillance/camera systems), Locks & Safes (commercial locksmith services, high security locks, safe services, intelligent key systems), and Doors & Operators (commercial doors & frames, door hardware, automatic door operators, hands-free solutions, door management systems). The company positions itself as a one-stop shop for all door, lock, and electronic security needs, integrating third-party platforms including SALTO Homelok, Schlage Engage, Yale Accentra, and Brivo Security Suite for cloud-based access control and video management. Their primary technology platform leverages cloud-based software with mobile app management capabilities. The company also offers security assessments as a complementary service to identify vulnerabilities and recommend solutions. Minneapolis Lock & Key operates as a separate residential division under the same family ownership.

Differentiator

Problem solved

Functional benefit

Products and services

• Access Control Systems (Electronic Door Access) Electronic access control systems including keyless entry, wireless access control, and cloud-based management for commercial properties, helping businesses minimize risk through smart credential and mobile access technologies.
• Keyless Entry Systems Wireless access control systems using smart locks integrated with cloud software, supporting cards, fobs, and mobile app credentials for multi-family properties, apartments, and senior living communities.
• Visitor Access Systems Video intercom and visitor management systems that allow staff to see and speak with visitors before granting access, with remote unlock capability and automatic notification features.
• Commercial Intercom Systems Business security intercom systems that work with automatic door operators to enable remote access verification and control for commercial facilities.
• Commercial Alarm Systems Commercial security alarm systems with remote management that allows users to arm and disarm, view system status, manage user codes, and receive real-time event notifications via mobile device.
• Camera Systems (Surveillance) Commercial security camera systems providing 24/7 monitoring via smartphone, tablet, or computer, including cloud-based video management with AI features such as gun detection, license plate recognition, and loitering detection.
• Commercial Doors and Frames Commercial door and frame products including security doors, warehouse doors, emergency exit doors, office doors, energy efficient doors, and double doors available in steel, wood, aluminum, and fiberglass materials.
• Automatic Door Operators ADA-compliant automatic door operators providing hands-free entry with activation options including push-button, wave-to-open switches, and motion sensors, including wireless transmitters for remote door control.
• Commercial Locksmith Services Professional locksmithing services for commercial properties including lock installation, repair, rekeying, and high-security lock solutions delivered by field technicians.
• High Security Locks Pick, bump, and drill resistant locks including Medeco high-security key systems with patented keyways and controlled key blanks that prevent unauthorized duplication.
• Safe Services Safe-related services including installation, repair, and maintenance for commercial safes and secure storage solutions.
• Intelligent Key Systems (Master Key Systems) Master key system solutions that allow a single key to open multiple doors within a facility while maintaining hierarchical access control across different authorization levels.

Quantifiable outcome

• Free security assessments help identify vulnerabilities before incidents occur
• +2 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability3 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• SALTO Systems (SALTO Homelok)coreTechnology or IntegrationAssured Security installs and services SALTO Homelok wireless access control systems for multi-family properties. SALTO provides the cloud-based software platform and smart lock hardware that Assured Security implements for customers.
• Schlage (Schlage Engage)coreTechnology or IntegrationAssured Security offers Schlage Engage wireless access control solutions, utilizing their platform for cloud-based access management in commercial and multi-family properties.
• Yale Commercial (Yale Accentra)coreTechnology or IntegrationAssured Security installs Yale Accentra wireless access control systems for multi-family property applications, integrating their smart lock technology with cloud management.
• Brivo SystemscoreTechnology or IntegrationBrivo Systems provides the cloud-based security platform (Brivo Security Suite) used by Assured Security for unified access control, video surveillance, and alarm management. Features include gun detection, license plate recognition, mobile credentials, and 911 video sharing capabilities.
• MedecocoreTechnology or IntegrationAssured Security is an authorized Medeco dealer for high-security key systems. Medeco provides patented keyways and controlled key blanks that prevent unauthorized duplication, enhancing key control for commercial properties.
• Minnesota State Electronic Security Association (MNSETA)minorOthersProfessional industry association membership indicating certification and adherence to industry standards for electronic security contractors in Minnesota.
• Door Hardware Institute (DHI)minorOthersProfessional association membership for door and hardware professionals, providing industry certification and standards compliance.
• Associated Locksmiths of America (ALOA)minorOthersProfessional locksmith association membership indicating professional credentials and industry standards adherence.
• Minneapolis Lock & KeycoreStrategic or Co-development PartnerFamily-owned residential locksmith division that serves the company's residential customer needs. Minneapolis Lock & Key is operated by the same family that owns Assured Security, providing seamless referrals for residential locksmith services.

Scale indicators1 record

Recent moves6 records

Expansion highlights6 records

Direct peers

• Vector Security: Regional commercial and residential security integrator offering installation of access control, intrusion, video surveillance, and locksmith services across multiple U.S. markets. Closely comparable in business model (project installation + recurring monitoring/subscription) and customer base (multi-family, commercial, retail).
• Koorsen Security & Fire: Regional commercial security and fire/life safety integrator serving Midwest and U.S. markets with installation, service, and monitoring. Comparable mid-sized integrator with similar multi-vertical customer base and recurring service revenue.
• Guardian Security Systems: Regional commercial and residential security integrator in the Pacific Northwest offering access control, video surveillance, intrusion, and locksmith services. Comparable mid-sized regional contractor with similar mix of project and recurring revenue.
• Bates Security: Regional commercial and residential security provider in the Southeast U.S. with locksmith, access control, intrusion, and video services. Comparable in customer mix (commercial + multi-family) and family/regional operator profile.
• Sonitrol: Commercial security provider specializing in verified audio/video intrusion detection with franchise-based regional coverage. Comparable in targeting commercial and institutional customers with integrated access, video, and intrusion solutions.

Others

• Allegion: Global manufacturer of door hardware and access control solutions (Schlage, Von Duprin, Ives, Yale Commercial, Medeco — many of which Assured Security distributes and installs). Not a direct competitor but a critical upstream technology partner and adjacent channel player.

Broad incumbents

• Johnson Controls Security Products: Global building technology provider with a substantial commercial security portfolio (access control, video, intrusion) through the Tyco and Software House brands. Comparable in commercial security capabilities but operates at much larger scale as part of broader building systems.
• ADT Commercial: National commercial security provider offering integrated intrusion, video, access control, and fire/life safety with monitoring services. Comparable in end-customer verticals (commercial real estate, multi-family, education) but vastly larger scale and broader geographic footprint.
• Allied Universal: Largest U.S. security services company providing manned guarding plus electronic security across all major commercial verticals. Comparable in commercial customer base and integrated security positioning but overwhelmingly dominant in guarding services.
• Securitas Technology (formerly Stanley Security): Global commercial security integrator delivering electronic security, access control, video surveillance, and integrated solutions. Operates in similar verticals to Assured Security with much larger scale and broader geographic reach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/blmsecurity
• Facebookfacebook.com/blmss
• LinkedInlinkedin.com/company/bloomington-security-solutions
• Instagraminstagram.com/assuredsecuritymn

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Assured Security