TDG acquires CPSG
DENVER—With 31 locations and 10,000 SKUs, Controlled Product Systems Group is one of the largest wholesale distributors of perimeter access control solutions in the U.S. and it now has a new owner, The Duchossois Group (TDG), a private investment company.
Terms of the deal, which was announced Sept. 2, were not released. CPSG is based here in Denver.
Brian D. Huitt, CPSG president & CEO, told Security Systems News in an email interview that customers should not expect any major changes.
“Essentially, it will be business as usual,” Huitt said. “Installers and integrators can expect the same breadth of products and solutions coupled with technical expertise and superior customer service from CPSG.”
Huitt said that TDG gives CPSG “long-term stability and access to the resources and infrastructure of a larger, focused parent company.”
CPSG will remain a stand-alone business with the same “leadership team, operating methods and strategic growth outlook as before the acquisition,” he said.
TDG “will be strategic in seeking opportunities that help us accelerate growth, especially in the areas of rapid innovation, connectivity and total solutions integration in the access control and security industry,” Huitt said.
Investment banking services are provided by Harris Williams. Bob Baltimore, managing director of Harris Williams, told SSN that TDG “has invested heavily in the access control and perimeter space” through TDG’s subsidiary, The Chamberlain Group. “They have a good grasp of the business, the [access control] space and where things are going,” he said.