Capstone Partners was the advisor to Surveillance Specialties (SURV) on its recent sale to Securadyne Systems, a portfolio company of Pamlico Capital. The SURV acquisition is the second for Securadyne, which was founded in February 2012 by Pamlico.
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).
“The decision to sell was not made without lengthy consideration and serious contemplation. For us, it was the culmination of the American Dream. We started the business in the cellar of our home and grew it to become the largest independently owned security integration company in New England,” said Arthur Bourque, President and CEO of SURV.
Capstone is a middle market investment banking firm that provides mergers & acquisitions, private placements, corporate restructuring, valuation advisory, and merchant banking services. In addition to these transaction and financial advisory services, Capstone offers private equity firms, commercial lenders and private businesses with a range of strategic advisory services that are typically utilized for either pre-planning or assessment purposes. The firm is headquartered in Boston with additional offices in Chicago, Philadelphia, Los Angeles, San Diego and Silicon Valley (www.capstonellc.com).
Capstone Partners’ team of John Ferrara, Managing Partner, and Daniel Schultz, Vice President, managed the transaction on behalf of SURV.
“We are proud to have represented SURV and the Bourques in this transaction,” said Mr. Ferrara. “SURV’s technical capabilities are really second to none and their passion for integrity, quality service, and industry-leading technologies made for a highly attractive company. We believe Securadyne’s vision to create a unique solutions provider that leverages emerging IP and cloud-based technologies will help to elevate SURV to the next level. This is truly a strategic partnership that should be extremely beneficial to both entities.”
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).
With the acquisition of SURV, Securadyne Systems now has a platform for growth in the Northeast. “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.”
© 2012 PEPD • Private Equity’s Leading News Magazine • 9-21-12
