ATLANTA--In May, Tri-S Security Corp. signed a non-binding letter of intent to acquire a security services firm that provides a full range of security and investigative services, such as security guards, alarm installation, monitoring and GPS monitoring services.
NEW YORK--Initial Security, the guard counterpart to Initial Electronics, recently bought fellow guard company OCS Security in a move that strengthens its reach in the New York metropolitan market.
For Initial Security, the June deal triples the size of its business in the Northeast, according to Randal Dorn, chief executive officer and president of Initial Security's U.
HOUSTON--A newly formed holding company plans to make its second acquisition in the security guard market by the end of June, a deal that would provide it with a stronger reach in the commercial guard industry.
Safeguard Security Holdings released few details about the business it plans to buy, but said it is an East Coast security guard company with more than $13 million in annual revenue.
NEW YORK--With more and more corporate end users looking for information on the value of their security system, Custom Design Communications has begun to provide clients with a breakdown on the return on investment for installing such systems.
The idea came as customers of Custom Design asked for financial analysis, such as how to budget for a security system and what is the payback.
WASHINGTON--According to a ruling from an Administrative Law Judge, security guard firm Wackenhut violated a federal labor law when it questioned officers at the International Monetary Fund building about plans to form a union.
The Service Employees International Union filed the labor law violation claim with the National Labor Relations Board in May 2004.
IntegratorLOUISVILLE, Ky.--After spending seven years sharing an office with its sister company Moore Security, commercial security systems integrator Mid-America Security Systems has a place to call its own.