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CSG buys again

Wednesday, January 14, 2015

CSG is adding density near its headquarters with the purchse announced yesterday of Allied Protective Systems, based in Oklahoma City.

The deal adds 6,000 customers to CSG's Guardian Security Systems, an installing security company that CSG owns.

CSG CEO Richard Ginsburg was on a plane today, but Amy will catch up with him later this week and have more to report on the deal next week. Ginsburg has been on the acquisition trail. Amy reported in October that CSG purchased two companies in Texas. Here's that story.

CSG intends to offer its new customers its "full line of interactive security and home automation options," Ginsburg said in the release.

Johnnie Fletcher, who owned Allied for 30 years, sold the company to CSG when he decided to retire after 50 years in the alarm industry, according to the news release.

CSG says it's the 8th largest residential security monitoring company in the United States. It has 200,000 customers, $7 million in RMR,  a dealer program; a monitoring and customer care center in Tulsa; a branch network; and customers in 17 states.

Vertex Capital advised CSG on this deal.

Richard Ginsburg named CEO of Central Security Group

Former Protection 1 CEO will take CSG national

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

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.

Central Security: New capital, new growth plans

With a new private equity owner, the company is enhancing its dealer program and adding new technology

TULSA, Okla.—In late 2010, Central Security Group got a new owner: a private equity group. Now, this year, CSG is taking that infusion of new capital and putting it to work to grow the company—by adding new technology and creating a new brand for its dealer program.

Industry veteran joins CSG

SSN Staff  - 

TULSA, Okla.—Central Security Group on Feb. 8 announced Jackie Schmidt as its new director of dealer development.