Security 101 Expands with Strategic Acquisition of Franchisees

Deal News | Dec 06, 2024 | Gemspring Capital

In a strategic move to bolster its national capabilities, Security 101, a portfolio company of Gemspring Capital, has announced the acquisition of two high-performing franchisees: North Texas Integration, LLC, based in Dallas, Texas, and Mountain View Integration, LLC, in Denver, Colorado. This acquisition aims to enhance Security 101's footprint in two critical U.S. markets and advance its reputation as a leader in providing comprehensive commercial security solutions. The teams in Dallas and Denver, led by Keith Walker, Michael Carrigan, and Chris Cushing, have delivered customized security solutions and achieved significant growth. This move is expected to further integrate their expertise into Security 101's core operations, with Walker, Carrigan, and Cushing assuming key roles within the company. Greg Daly, CEO of Security 101, emphasized the importance of their leadership for the company's continued growth. Security 101 serves a diverse set of industries including healthcare, education, and government, offering a range of security services and products. Gemspring Capital, the private equity firm backing Security 101, specializes in partnering with middle-market companies to drive growth.

Sectors

  • Security Services
  • Private Equity

Geography

  • United States – Security 101 and its acquired franchisees operate across the U.S., with a significant presence in Dallas, TX, and Denver, CO.
  • Florida – Security 101's headquarters are located in West Palm Beach, Florida, marking it an important geographical location for the company's operations.
  • Connecticut – Gemspring Capital is based in Westport, Connecticut, playing a central role in managing capital and investments in U.S. firms like Security 101.

Industry

  • Security Services – Security 101 operates within the security services industry, focusing on providing integrated security solutions including access control, video surveillance, and more.
  • Private Equity – Gemspring Capital, a private equity firm, manages investments in Security 101, supporting the growth and strategic acquisitions of its portfolio companies.

Financials

  • $3.8 billion – Gemspring Capital's capital under management.

Participants

NameRoleTypeDescription
Security 101TargetCompanyA national provider of integrated security solutions acquiring high-performing franchisees.
Gemspring CapitalPrivate Equity FirmCompanyA Connecticut-based PE firm backing Security 101 with extensive capital and management expertise.
North Texas Integration, LLCFranchiseeCompanyA high-performing Security 101 franchisee based in Dallas, Texas.
Mountain View Integration, LLCFranchiseeCompanyA high-performing Security 101 franchisee based in Denver, Colorado.
Keith WalkerFranchise Owner/LeaderPersonLeader in the integration of the Dallas franchise into Security 101.
Michael CarriganFranchise Owner/LeaderPersonLeader in the integration of the Dallas franchise into Security 101.
Chris CushingFranchise Owner/LeaderPersonLeader in the integration of the Denver franchise into Security 101.
Greg DalyCEOPersonCEO of Security 101, overseeing the strategic acquisitions.