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.”
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.
TULSA, Okla.—Central Security Group, a full-service security provider based here, has acquired SecureNet Alarm Systems in a deal that brings CSG more than 22,000 accounts, $650,000 in RMR and a new central station.
Here’s a tidbit about Guardian Security Systems, located in Tulsa, Okla. It just bought a block of accounts from another Tulsa company, NEOSAT Alarms, according to an announcement yesterday by the Long Grove, Ill.-based Davis Mergers and Acquisitions Group, which represented NEOSAT in the transaction.
Here’s more from the Oct. 26 release:
Mark Garrett, owner of NEOSAT Alarms, stated that he “was very pleased to be able to place his subscribers with a high-quality central station that has a local Tulsa presence.” Glenn Albers, Guardian Security Systems Vice-President Dealer Operations, stated that “Guardian was enthusiastic about the opportunity to add high-quality accounts to further expand their dominance of the Tulsa market.”
Guardian Security is the name under which Central Security Group—one of the nation’s top providers of security alarm monitoring services headquartered in Tulsa—does business in Oklahoma. CSG was acquired by Summit Partners, a Boston-based growth equity investor around this time last year.
Then earlier this year CSG announced it was 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.
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.