Tag: CSG
CSG gains $40 million in financing
July 12, 2017Spencer Ives
Central Security Group on July 6 announced that it received an incremental first lien term loan of $40 million, as well as a 12-month maturity extension to its credit facilities.
The new funding “is part of a broader $350 million financing the company started in 2014. This was an add on to that financing,” Richard Ginsburg, president and CEO of Central Security Group, told Security Systems News in an email interview. CSG finances through Credit Suisse, Ginsburg noted.
Asked about growth...
CSG buys again
January 14, 2015Martha Entwistle
CSG is adding density near its headquarters with the purchse announced yesterday of Allied Protective Systems, based in Oklahoma City.
The deal adds 6,000 customers to CSG's Guardian Security Systems, an installing security company that CSG owns.
CSG CEO Richard Ginsburg was on a plane today, but Amy will catch up with him later this week and have more to report on the deal next week. Ginsburg has been on the acquisition trail. Amy reported in October that CSG purchased two companies in Texas. Here's...
Richard Ginsburg named CEO of Central Security Group
July 8, 2014Martha Entwistle
TULSA, Okla.—Super-regional security company Central Security Group today named Richard Ginsburg as CEO. Ginsburg, who as CEO of Protection 1 grew it into one of the top three security companies in the country from 2001 to 2010, said he wants to grow CSG into a “significantly larger company.”
“The goal is absolutely to turn CSG into a national company,” Ginsburg told Security Systems News.
Ginsburg replaces Mark Wilson, founder of CSG, who is retiring.
Founded...
Tornado spares CSG office in Oklahoma City
May 21, 2013Rich Miller
TULSA, Okla.—Monday's devastating tornado spared Central Security Group's office in Oklahoma City, but the homes of the branch manager's daughter and a CSG dealer were among the hundreds that were destroyed, CSG's Glenn Albers told Security Systems News on Tuesday.Albers, vice president of dealer operations for CSG, a full-service security provider based here, said the company was still attempting to contact all of its dealers in the area in the chaotic aftermath of the storm.“There are...
Central Security: New capital, new growth plans
February 17, 2011Tess Nacelewicz
TULSA, Okla.—In late 2010, Central Security Group got a new owner: a private equity group. Now, this year, CSG is taking that infusion of new capital and putting it to work to grow the company—by adding new technology and creating a new brand for its dealer program.
“We are so excited about what is going on with us,” said Glenn Albers, who recently moved from VP, customer operations to VP, dealer operations as part of CSG's strategy to focus more on its dealer program.
CSG,...
Industry veteran joins CSG
February 14, 2011SSN Staff
TULSA, Okla.—Central Security Group on Feb. 8 announced Jackie Schmidt as its new director of dealer development.
Schmidt brings more than 25 years of experience in the security industry. She comes to CSG from Broadview/ADT, where she most recently served as a dealer account executive. She has also held positions at Alarm Capital Alliance II, Capital Source Finance, Financial Security Services, SLP and Protection One.