Electric Guard Dog, a portfolio company of Snow Phipps, has acquired the assets of electric security fencing provider Perimeter Security Systems from WSB & Company. Snow Phipps acquired Electric Guard Dog in June 2016.
Perimeter Security Systems (PSS) is a regional provider of monitored, electric fences to commercial and industrial customers largely under the TheftZapper trade name. The company, founded in 1996, was acquired by WSB & Company in December 2013. PSS is based in Charlotte, NC (www.theftzapperfence.com).
Electric Guard Dog (EGD) is a provider of monitored electric security fence systems to commercial and industrial users. The company’s fence systems are used in more than 3,500 locations and, according to Snow Phipps, the company is the largest owner and operator of such fences in the United States. EGD installs fences at no upfront cost to its customers and charges monthly fees under multi-year contracts. The company retains ownership of its fences and services them through a national technician network. EGD was founded in 1973 as a provider of trained guard dogs. The company is led by CEO Jack DeMao and is headquartered in Columbia, SC (www.electricguarddog.com).
“We are excited to be the security partner of PSS customers and we look forward to introducing them to Electric Guard Dog’s renowned level of customer service. We are confident they will find resources such as our nationwide network of technicians, 24/7 customer service, and dedicated compliance team invaluable,” said Mr. DeMao.
Snow Phipps makes control investments in companies primarily located in North America with enterprise values ranging from $100 million to $500 million that require equity investments ranging from $40 million to $100 million. The firm has $1.5 billion of assets under management and was co-founded by Ian Snow and Ogden Phipps in April 2005. Snow Phipps is headquartered in New York (www.snowphipps.com).
WSB & Company, the seller of Perimeter Security Systems, invests in companies that have revenues of at least $10 million and EBITDA of at least $3 million. Sectors of interest include business services, consumer services, value-added distribution, and building materials. The firm is led by its founders and managing directors Ed Weisiger, Jr. and Badge Stone and is based in Charlotte, NC (www.wsbandcompany.com).
© 2016 Private Equity Professional • 9-20-16
