NEW YORK—The purchase of Worldwide Security by Novidam Capital Partners is the latest exampe of a “search fund” acquisition deal, a specialized finance model that brings entrepreneurs into the security industry.
ATLANTA—Tech Systems Inc. has organized study groups and boot camps to help its employees get professional education certifications such as the ASIS CPP and PSP. It will even pay for books and test registration fees.
CHAMPAIGN, Ill.—After several years of searching, F.E. Moran finally found an equity partner that offers what CEO Brett Bean calls “access to permanent capital,” something that’s not common in the security industry and that will allow the systems integrator to expand into four new states in the near future.
SCHAUMBURG, Ill.– Convergint Technologies, a global systems integrator based here, today announced the acquisition of Dakota Security Systems, one of the fastest growing and most well respected systems integrators in the country.
ROCHESTER, N.Y.—Regional security company Doyle Security Systems is celebrating Thanksgiving with the acquisition of a local competitor, a deal that brings in some technical talent and several hundred mostly commercial accounts.
ATLANTA—Tech Systems has completed its transition to an employee-owned company and has named Wayne Smith president. Plans are underway for the systems integrator to open a "FOCUS Fusion Center" nearby in Buford, Ga.