Security 101 Strengthens Portfolio with Eos Acquisition
Deal News | Dec 12, 2024 | Gemspring Capital
Security 101, a national provider of commercial security solutions and a portfolio company of Gemspring Capital, has announced the acquisition of Eos Business Surveillance Solutions, LLC, a firm based in Flint, Michigan, specializing in video surveillance and advanced mobile solutions. This move signifies Security 101's commitment to enhancing its technological capabilities, especially in mobile surveillance trailers. Greg Daly, CEO of Security 101, highlighted the acquisition as a pivotal moment for the company, emphasizing the innovative offerings now available to an expanding customer base. The acquisition allows Security 101 to further penetrate the Michigan market and provide enhanced services across various sectors including healthcare, education, finance, and government. Eos, founded in 2005, has established a reputation for reliable security integration, and co-founder Francis Ralabate will continue to lead the Flint operations. Gemspring Capital, which manages $3.8 billion, supports and partners with middle-market companies to drive growth, reflecting the dynamic market strategy that this acquisition embodies.
Sectors
- Security and Surveillance
- Private Equity
Geography
- United States – The acquisition involves companies based in West Palm Beach, FL, and Flint, MI, reflecting a focus on U.S. markets.
Industry
- Security and Surveillance – The article involves Security 101 and Eos Business Surveillance Solutions, both of which operate in the security integration and surveillance sectors.
- Private Equity – Gemspring Capital is a private equity firm involved in the acquisition, indicating activity within this financial sector.
Financials
- $3.8 billion – The capital under management by Gemspring Capital.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Security 101 | Acquirer | Company | A national provider of integrated security solutions and a portfolio company of Gemspring Capital. |
| Eos Business Surveillance Solutions, LLC | Target | Company | A Flint, MI-based security integration firm specializing in video surveillance and mobile solutions. |
| Gemspring Capital | PE Firm | Company | A private equity firm managing $3.8 billion, providing capital solutions to middle-market companies. |
| Greg Daly | CEO of Security 101 | Person | The CEO of Security 101, overseeing the strategic acquisition of Eos. |
| Francis Ralabate | Co-Founder of Eos | Person | Co-Founder of Eos and leader of the Flint team post-acquisition. |