PrivateBank, Pinnacle and Kratos people


My inbox this morning included a couple interesting "people moving to new jobs" news items.

First, PrivateBank officially announced today that Jennifer Holloway, formerly in charge of M&A for Protection One, is their new managing director for the Security Industry Group. Before she took the job with PrivateBank, Jennifer provided some great analysis for SSN on several transactions, most recently on the Monitronics sale. She won't be as free to comment on stories now, we know, but look forward to continuing to work with her.

From the release: "We are thrilled that Jennifer has joined our group at The PrivateBank. She brings over 15 years of experience providing financing to the security industry.  She is a perfect fit for our team and will help us better serve our clients,” said Mark Melendes, managing director of the Security Industry Group.

And speaking of PrivateBank, I only learned a couple months ago that Sean Forrest, who formerly was with PrivateBank as a managing director of the Securty Industry Group, moved to Pinnacle Security to become their CFO. That actually happened in the fall. Seems like quite a switch, but working for a security company isn't new for Sean, who worked as CFO for Tim Whall (now CEO of Pro One) when Whall was at HSM. Sean's going to be presenting at the Barnes Buchanan Conference in a couple weeks.

The security industry is a tangled web indeed.

In another, unrelated people move, I saw that  Kratos Defense & Security announced today that Fred Thomas has been promoted to VP of Operations for its Public Safety and Security (PSS) Division. He'll report to Ben Goodwin, president of the Public Safety and Security Division and be responsible for overseeing all operational, programmatic, and customer overall development aspects of the PSS Division. From the release: "Mr. Thomas' promotion supports Kratos' broader corporate strategy to expand its presence in the critical infrastructure, homeland security, surveillance and public safety market, which also included the recent acquisition of Henry Brothers Electronics in December 2010."