Integrator, guard company sees up-tick in business due to Hurricane
By SSN Staff
Updated Thu September 29, 2005
HOUSTON--While Hurricane Katrina put a dent in business for some security companies in the Gulf Coast, Safeguard Security Holdings is reaping the benefits.
The newly formed holding company, which bought Dallas-based systems integrator and security guard firm Systemsgroup in mid-July, expects quarterly revenues to increase by $1 million due to additional business from its existing customer base.
The company released few details. It has not disclosed where the additional business will come from, and whether it will be located in New Orleans or Mississippi. But company officials anticipate the windfall to last several quarters.
Safeguard Security Holdings first entered the security market in November 2004 when it bought Superior Protection, a $23 million-a-year guard company with clients in Texas, Florida, Pennsylvania and Hawaii.
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