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Tag: Richard Ginsburg


Alert 360 and My Alarm Center announce merger

Commercial

Alert 360 and My Alarm Center announce merger

December 2, 2021SSN Staff

TULSA, Okla. and NEWTOWN SQUARE, Pa.—Alert 360, one of the largest providers of monitored home security and home automation solutions, and My Alarm Center, a leading provider of technologically advanced security and smart home automation solutions, announced they have entered into a definitive merger agreement. The combined company creates a leading operator in the highly fragmented smart security industry. Funds managed by Invesco will be the majority owners of the combined business...

Alert 360, Amy Kothari, Anastasia Bottos, My Alarm Center, Paul Triggiani, Richard Ginsburg, Vickie Catina


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CSG rebrands to Alert 360

September 19, 2018Spencer Ives

TULSA, Okla.—Alert 360 is the new name for Central Security Group and Guardian Security Systems, a move that Richard Ginsburg, company CEO, said better represents what the company has to offer.“We've been operating under two different brands for the past 10 years,” Ginsburg told Security Systems News. “We operated as Guardian Security in Oklahoma, and then we operated as Central Security Group outside of Oklahoma. It was really confusing to customers. Most importantly, those...

Alert 360, Central Security Group, Guardian Security Systems, Richard Ginsburg


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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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CSG is three for three

January 21, 2015Amy Canfield

TULSA, Okla.—Central Security Group has added 6,000 customers and boosted its RMR to more than $7 million with its acquisition of Allied Protective Systems, its third buy in three months.The purchase of Oklahoma City-based Allied brings CSG's total accounts to just over 200,000, CSG president and CEO Richard Ginsburg told Security Systems News. About 60 percent of those accounts are residential, he said.CSG has offered all of Allied's 25 employees continued employment, Ginsburg said.It will...

Allied Protective Systems, Central Security Group, Guardian Security, Richard Ginsburg, Security Systems News


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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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CSG buys two in Texas

October 29, 2014Amy Canfield

TULSA, Okla.—Central Security Group has added nearly 4,000 customers and RMR of $120,000 with its recent acquisition of two security and home automation providers, Dallas-based Fort Knox Security Services and SW Security Services.The purchases substantially increase CSG's footprint in the Dallas, Houston, San Antonio and Austin markets.About 90 percent of the acquired accounts are residential, according to Richard Ginsburg, CSG president and CEO.A critical component of CSG's strategy is to...

Central Security Group, Fort Knox Security Services, Protection 1, Richard Ginsburg, Security Systems News, SW Security Services


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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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On The Editor's Desk

Who will buy AlarmForce?

August 7, 2012Martha Entwistle

AlarmForce, a super-regional security company based in Toronto, announced that its board of directors is taking a look at selling the company. The company has hired Imperial Capital to help it with a possible sale. The company's market cap value today is listed as $135m and its enterprise value is $119m. I asked Richard Ginsburg, former CEO of Protection One who is now managing partner at G3 Capital Partners, what he thought about the sale of AlarmForce. He said he thought the company is well run...

AlarmForce, iControl, Imperial Capital, Joel Matlin, M&A, Microtec, Richard Ginsburg, Rogers Communications, Security Systems News, Stanley CSS


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Devcon closing more branches

July 11, 2012Tess Nacelewicz

HOLLYWOOD, Fla.—Devcon Security—a super-regional based here that grew to a national player in the past year and a half—is downsizing to reduce expenses and strengthen the company's finances for future profitability and growth, according to Devcon's new CEO, Steve Hafen.Among the changes will be a winding down by the end of the year of operations at Devcon's new 23,000-square-foot national operations center in Irving, Texas, Hafen said.“Devcon has experienced many changes over...

Devcon Security, Golden Gate Capital, Pinnacle Security, Richard Ginsburg, Security Systems News, Steve Hafen


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Devcon moves to 'streamline,' 'trim' after rapid growth

April 11, 2012Tess Nacelewicz

HOLLYWOOD, Fla.—After a rapid expansion during the past 18 months, Devcon Security is streamlining its business but is still planning to grow nationwide, according to the company's new CEO, Steve Hafen.“We went through a period of rapid growth at Devcon, most of which was very positive, and now have looked at ways to streamline and trim so the business functions at its highest level,” Hafen told Security Systems News in an email interview. “We believe this strategy is in line...

Devcon Security, Golden Gate Capital, Richard Ginsburg, Security Systems News, Steve Hafen


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