Sentry Security acquires Stand Guard Security
WHEELING, Ill.—Sentry Security, based here, has acquired Stand Guard Security, of Crystal Lake, Ill., according to the Davis Mergers and Acquisition Group, which assisted in the transaction.
The deal closed Aug. 15, according to an announcement this week from the Davis Group, based in Long Grove, Ill. All Stand Guard employees all have been offered jobs with Sentry. Mike Simon, Stand Guard president, will assist in the transition of the merger/acquisition and will continue to operate his software development company, Connected Technologies, along with his son, Dan, the announcement said.
Simon said in a prepared statement: “Over the last five years we have had many offers to sell or merge our company with other security firms. David Balestrery, [president] of Sentry, was the first potential buyer to offer us everything we were looking for. Of course, the purchase price was important, but perhaps of greater importance was the answer to the question of what would happen to our employees and how well will the needs to our customers would be met. After doing our own due diligence, we concluded that Sentry was absolutely the best fit for us.”