Tag: Richard Ginsburg
Alert 360 acquires Caliber Security accounts
April 24, 2023SSN Staff
TULSA, Okla. – Home security system and services provider Alert 360 announced its acquisition of Caliber Security’s home security alarm accounts.
With the addition of these accounts, Alert 360 now serves over 20,000 accounts in Southern California, with branch operations in San Diego, Los Angeles, Anaheim, Fresno, and Sacramento among others. This year also marks the 50th anniversary for the company, which celebrated the milestone back in February.
"We are excited...
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...
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...
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 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...
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...
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...
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...
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...
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...