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Central Security Group

CSG gains $40 million in financing

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Wednesday, July 12, 2017

Central Security Group on July 6 announced that it received an incremental first lien term loan of $40 million, as well as a 12-month maturity extension to its credit facilities.

The new funding “is part of a broader $350 million financing the company started in 2014. This was an add on to that financing,” Richard Ginsburg, president and CEO of Central Security Group, told Security Systems News in an email interview. CSG finances through Credit Suisse, Ginsburg noted.

Asked about growth initiatives, Ginsburg said, “We continue to grow our business through our long-standing Authorized Dealer Program, supplemented by our organic efforts.”

In the recent announcement, Ginsburg mentioned that the funding will help the company with geographic expansion, acquisitions and growing its account base. The announcement also emphasized the company’s Alert 360 offering, which provides interactive security.

Concerning acquisitions, Ginsburg told SSN, “We are always looking but are very selective.”

Ginsburg discussed what CSG looks for in an ideal acquisition. “We would consider quality companies with customers put on through more traditional marketing,” he told SSN. “We also look for companies with good employees and managers who are hitting glass ceilings because of the company's size and who would benefit from a company like ours, with more resources, financing, and a positive culture.”

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Five Questions: Brandon Hess

Dealer acquisition manager, Central Security Group
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03/24/2015

Brandon Hess was appointed to the new role of dealer acquisition manager for Tulsa, Okla.-based Central Security Group last fall. He is responsible for expanding the company’s dealer network, ensuring ongoing, successful relationships with qualified dealers and helping to support growth for individual authorized dealer businesses. Previously, he held managerial positions in sales and training, including work with homeowners, builders and internal teams, with Ranger Technology Solutions and Vivint. He also has experience in purchasing, inventory management and financial services.

CSG is three for three

Company acquires Allied Protective Systems
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01/21/2015

TULSA, Okla.—Central Security Group has added 6,000 customers and boosted its RMR to more than $7 million with its acquisition of Allied Protective Systems, its third buy in three months.

CSG buys two in Texas

Deal brings in 4,000 customers, $120,000 RMR; CSG also has new $325m credit facility
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10/29/2014

TULSA, Okla.—Central Security Group has added nearly 4,000 customers and RMR of $120,000 with its recent acquisition of two security and home automation providers, Dallas-based Fort Knox Security Services and SW Security Services.

Richard Ginsburg named CEO of Central Security Group

Former Protection 1 CEO will take CSG national
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07/08/2014

TULSA, Okla.—Super-regional security company Central Security Group today named Richard Ginsburg as CEO. Ginsburg, who as CEO of Protection 1 grew it into one of the top three security companies in the country from 2001 to 2010, said he wants to grow CSG into a “significantly larger company.”

Tornado spares CSG office in Oklahoma City

Branch manager’s daughter, top-five dealer lose homes in storm
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05/21/2013

TULSA, Okla.—Monday’s devastating tornado spared Central Security Group’s office in Oklahoma City, but the homes of the branch manager’s daughter and a CSG dealer were among the hundreds that were destroyed, CSG’s Glenn Albers told Security Systems News on Tuesday.

CSG acquires SecureNet

Company’s largest deal ever includes 22,000 accounts, new central station
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04/03/2013

TULSA, Okla.—Central Security Group, a full-service security provider based here, has acquired SecureNet Alarm Systems in a deal that brings CSG more than 22,000 accounts, $650,000 in RMR and a new central station.

CSG closes year with three fold-in acquisitions

Company adds mostly residential accounts in three states
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01/30/2013

TULSA, Okla.—Central Security Group closed 2012 with three fold-in acquisitions that have expanded the company’s presence in Oklahoma, Arkansas and California.

CSG acquires Texas-based Lakeshore Alarm

‘Fold-in’ deal brings 1,000 accounts, $25,000 in RMR
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06/27/2012

TULSA, Okla.—Central Security Group has acquired Lakeshore Alarm Service of Texas in a deal that brings CSG more than 1,000 accounts in one of its fastest-growing markets.

CSG acquires Kansas-based SafeLink Security

‘Turnkey’ purchase brings in 1,100 accounts
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02/08/2012

TULSA, Okla.—Central Security Group has acquired SafeLink Security, based outside Kansas City, Kan., in a turnkey deal that brings CSG about 1,100 accounts in four states.

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