COLUMBIA, S.C.—Electric Guard Dog, a manufacturer and installer of a solar-powered perimeter security system that is electrified and monitored by a central station, based in Columbia, S.C., has a new private equity owner as of June 14.
Snow Phipps, a PE private equity firm focused on middle-market control investments, targeting platform companies with enterprise values ranging from $100 million to $500 million, has purchased Electric Guard Dog from Ulysses Management for an undisclosed amount.
Raymond James & Associates advised to Electric Guard Dog on the deal.
“The company is poised for significant growth and we intend to meet growing demand by continuing to invest in sales, marketing, service technicians, compliance, and technology,” Sean Epps, partner at Snow Phipps, said in a statement.
Electric Guard Dog CEO Jack DeMao and the current management team will remain. In December, Electric Guard Dog CFO Nathan Leaphart answered an SSN News Poll about the benefits of being owned by private equity.
In 2014, Electric Guard Dog passed $2m in RMR.
Snow Phipps operating partner John Kenny will join Electric Guard Dog as the non-executive chairman of the Board of Directors.