Securadyne Systems, a security services provider and a portfolio company of Pamlico Capital, has acquired Surveillance Specialties (SURV), a security systems integrator. The SURV acquisition is the second for Securadyne, which was founded in February 2012 in partnership with Pamlico.
“The acquisition of SURV, which enjoys a commanding market presence in New England, ideally complements our build-up strategy focusing on best-in-breed operating platforms,” said Carey Boethel, President and CEO of Securadyne Systems. “The addition of SURV considerably expands our geographic reach and our ability to deliver high-end, fully integrated solutions in a number of key vertical markets.”
Surveillance Specialties was founded in 1986 as a covert surveillance company by Arthur and Joan Bourque. The company changed its business model to a full-service security systems integrator in 1999. The company has branch offices in Wilmington, MA and Portland, ME and serves a customer base focused on industries such as higher education, pharmaceuticals, biomedical, high technology and insurance (www.surv.com).
Securadyne Systems is a security systems integrator and provider of security, wireless and networking products and services to middle market and Fortune 500 customers. The company was ranked 36th among companies listed on the 2011 SDM Top Systems Integrators Report, which ranks security systems integrators by total annual revenue. Securadyne Systems is headquartered in Carrollton, TX (www.securadyne.com).
Pamlico Capital, formerly known as Wachovia Capital Partners, was founded in 1988 and has invested in excess of $3.5 billion in over 200 middle market companies since its inception. Pamlico Capital seeks growth equity and buyout investments of up to $75 million alongside management teams in its target industries, which include business & technology services, communications, and healthcare. The firm currently manages over $2 billion in assets and is based in Charlotte, NC (www.pamlicocapital.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 9-7-12