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Guardian Security Systems

CSG buys again

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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.
 

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.

Tulsa’s Controller Security sells accounts to Guardian

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01/18/2012

TULSA, Okla.—Guardian Security Systems has purchased the accounts of Tulsa’s Controller Security in a deal that will maintain local alarm monitoring for the subscribers.

Guardian Security expands dominance in Tulsa

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Thursday, October 27, 2011

Here’s a tidbit about Guardian Security Systems, located in Tulsa, Okla. It just bought a block of accounts from another Tulsa company, NEOSAT Alarms, according to an announcement yesterday by the Long Grove, Ill.-based Davis Mergers and Acquisitions Group, which represented NEOSAT in the transaction.

Here’s more from the Oct. 26 release:
 

Mark Garrett, owner of NEOSAT Alarms, stated that he “was very pleased to be able to place his subscribers with a high-quality central station that has a local Tulsa presence.” Glenn Albers, Guardian Security Systems Vice-President Dealer Operations, stated that “Guardian was enthusiastic about the opportunity to add high-quality accounts to further expand their dominance of the Tulsa market.”

Guardian Security is the name under which Central Security Group—one of the nation’s top providers of security alarm monitoring services headquartered in Tulsa—does business in Oklahoma. CSG was acquired by Summit Partners, a Boston-based growth equity investor around this time last year.

Then earlier this year CSG announced it was 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.