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Tag: CSG


Monitoring Matters

CSG gains $40 million in financing

July 12, 2017Spencer Ives

Central Security Group on July 6 announced that it received anincremental first lien term loanof$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...

Central Security Group, Credit Suisse, CSG, Richard Ginsburg


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On The Editor's Desk

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...

Allied Protective Systems, CSG, Guardian Security Systems, Johnnie Fletcher, Richard Ginsburg, Vertex Capital.


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Residential

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 in 1999,...

Central Security Group, CSG, Devcon Security, GTCR, interactive services, physical security, Protection 1, Richard Ginsburg, Security Systems News, Summit Partners


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Monitoring

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 Group, CSG, Glenn Albers, Moore, Oklahoma City, SecureNet, Security Systems News, tornado


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Residential

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,...

2GIG, alarm.com, Broadview/ADT, Central Security Group, CSG, Glenn Albers, Honeywell Total Connect, Jackie Schmidt, UTC/GE Security


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General News

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.

Central Security Group, CSG, Jackie Schmidt