Guardian acquires Vitex
CRANBERRY, Pa.--Super regional security company Guardian Security, which ended 2005 with its first acquisition ever, wrapped up 2006 with its third acquisition, Vitex, based in Detroit. Guardian gained about 20 new employees and 2,500 accounts with its October deal, terms of which were not disclosed.
Next year, said CEO Russ Cersosimo, expect Guardian to move into Florida for the first time, perhaps as soon as the first quarter.
Currently, Guardian's reach extends to North Carolina in the South and Phoenix in the Southeast. Last November, it acquired Certified Security of Chicago; earlier this year it acquired Indianapolis-based Moore Security.
"We have letters of intent on three other deals," Cersosimo said. "It's tough to find companies that parallel our corporate philosophy, which is primarily working with the new construction field," he said.
For more on this story, see the December issue of Security Systems News.