NextGen Security Expands Into Florida With Acquisition of Micro Security
Deal News | Dec 11, 2024 | Newswire Business
NextGen Security, recognized as a leading systems-based integrator, has announced its acquisition of Micro Security, a regional player in Florida's security systems integration market. This acquisition marks the third such expansion by NextGen as part of its strategic vision to partner with systems integration owners across North America. Frank Brewer, CEO of NextGen, expressed confidence in Stephen DeMolina and his team at Micro, emphasizing the alignment between the two companies in terms of operational vision and quality deployments. Micro Security, with over 30 years of experience and expertise, particularly in healthcare, transportation, and complex market verticals, stands to benefit significantly from NextGen’s comprehensive array of services and solutions. The partnership will see DeMolina stepping into the role of Vice President of Florida Operations for NextGen, further leveraging NextGen's technologies and growth strategies to enhance capabilities and footprint in the Florida market. NextGen's approach, allowing owners to grow beyond their geographical constraints, underscores the growth potential for Micro Security as part of a larger entity.
Sectors
- Security Systems Integration
- Healthcare and Transportation
Geography
- United States – Both NextGen Security and Micro Security operate within the United States, with the acquisition specifically focusing on expanding services in Florida.
- Florida – Micro Security's operations are based in Florida, and this acquisition marks NextGen Security's expansion into this regional market.
Industry
- Security Systems Integration – The acquisition involves companies within the security systems integration industry, focusing on designing and implementing security technologies like access control and video surveillance.
- Healthcare and Transportation – Micro Security specializes in providing security solutions for complex verticals including healthcare and transportation, which are key markets for the integrator's services.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| NextGen Security | Acquirer | Company | NextGen Security is a North American leader in systems integration, providing a range of security technology solutions. |
| Micro Security | Target | Company | Micro Security is a regional security integrator based in Miramar, Florida, specializing in healthcare, transportation, and complex markets. |
| Frank Brewer | CEO of NextGen Security | Person | Frank Brewer is the CEO of NextGen Security, overseeing strategic acquisitions and expansion initiatives. |
| Stephen DeMolina | President of Micro Security and Vice President of Florida Operations for NextGen | Person | Stephen DeMolina will lead Florida Operations for NextGen following the acquisition of Micro Security. |
| Ryan Loughin | President of NextGen Security | Person | Ryan Loughin is the President of NextGen Security, involved in overseeing operational and strategic growth. |