The Electronic Security Association (ESA) has announced that Michael Barnes has been elected as Treasurer and will also serve as Chairman of the ESA Finance Committee.   

Barnes succeeds Kevin Stone, who assumes the role of Chairman Elect from 2023-2024. 

“I want to thank Kevin Stone for doing such a great job in this role. His efforts, along with those of all the other prior Treasurers, make my job much easier,” said Barnes, ESA Treasurer and Founding Partner of Barnes Associates. 

“It is no surprise that he is the newly elected Chairman. I am excited to expand my efforts with ESA to include serving as Treasurer and Finance Committee Chair.  

“It is an honor. ESA is such a great organization and I enjoy addressing longer term industry and association issues as a member of the Board of Directors, but this role will allow me to have greater contact with the staff and be closer to the operating details.”  

Treasurer to optimize performance  

The company says that, the purpose of the Treasurer is to provide good governance of ESA affairs and to set the organization’s direction to optimize the growth and performance of the organization.  

Barnes’ security industry career has spanned more than 35 years. He has been involved in more than 280 security alarm acquisitions, with an aggregate transaction value of more than $29 billion. 

Additionally, Barnes has developed various analysis techniques that have helped the industry define how it performs and creates value, which has allowed the industry to raise further capital.   

“We are fortunate to have Barnes’ knowledge”  

“I’m delighted that Michael Barnes will serve as Treasurer and Finance Committee Chairman for ESA,” said Stone, Chairmen incumbent and COO of Doyle Security Systems.  

“It’s an exciting time for the ESA membership and we’re fortunate to have Michael’s experience and industry knowledge.”  

Currently, Barnes serves as the president of Barnes Associates, a brokerage, advisory and consulting firm he founded in 1986, which focuses on the security alarm industry.  

He also lectures at numerous events on matters relating to acquisitions, the availability of capital and the operating dynamics and performance of alarm companies.  

Barnes was the 13th person to be inducted into the SSI Security Alarm Industry Hall of Fame, an honor he received in 2004.