Tag: Christopher Munday
Devcon 'getting back to core business'
December 28, 2012Martha Entwistle
NEW YORK—At the Imperial Capital Security Investor Conference here on Dec. 13, Devcon's chairman of the board, Christopher Munday, spoke frankly about the company's challenges in the past couple of years—including an ill-fated branch expansion. He confirmed that the company is actively seeking a buyer and shared several operating and financial metrics to support his assertion that the company is on strong footing.
In 2010 and 2011, Devcon hired many former Brink's Home...
Devcon's past mistakes, future promise at Imperial Capital's SIC
December 19, 2012Martha Entwistle
It was a very full day at the Imperial Capital Security Investor Conference on December 13. Starting before 8 a.m. with John Mack's “State of Security Finance/M&A Markets” and wrapping up at 5:30 with a very cool panel discussion on BYOD—a great discussion topic, which should be a cause for concern for integrators, manufacturers, and end users alike. We'll have more on this topic at TechSec in Florida, Feb. 5&6, 2013. Check out this link. �
During the course of the...
Shake-up at Devcon: Hafen replaces Ginsburg as CEO
March 21, 2012Tess Nacelewicz
HOLLYWOOD, Fla.—Devcon Security has a new CEO—its second one in about three weeks.
Golden Gate Capital, which owns Devcon Security, announced this week that Steve Hafen, formerly COO at Pinnacle Security, is now CEO of Devcon, a super-regional based here.
The announcement is a dramatic reversal of one Golden Gate made on Feb. 29, in which it announced that former Protection 1 CEO Richard Ginsburg had been chosen as Devcon's new CEO.
The news release Devcon issued announcing...
Richard Ginsburg new CEO of Devcon Security
February 29, 2012Tess Nacelewicz
HOLLYWOOD, Fla.—Golden Gate Capital, the owner of Devcon Security—a super-regional based here that has been rapidly expanding as a national player in the past year—has named Richard Ginsburg as Devcon's new CEO.
Ginsburg formerly was president and CEO of Protection 1, one of the nation's largest security companies, from 2001 to 2010. Ginsburg joined Protection 1 as president and CEO in 2001 and is credited with turning the company around, greatly improving its operating...
Devcon goes national
May 5, 2011Martha Entwistle
HOLLYWOOD, Fla.—There's a new national player in the home security market—Devcon Security.
Over the past seven months, Devcon has quietly transformed from a super-regional with nine branches to a company with a national footprint and more than 50 branches across the country. Devcon has nearly doubled its employee headcount—going from 450 last October to 785 today. It opened a 100-employee, 23,000 square-foot national operations center in Irving, Texas, and hired top talent...