Gores Portfolio Co Norment Hires CEO

Norment Security Group, a provider of comprehensive detention systems products and services has appointed Charles Veniez as chief executive officer and president. Norment is a Gores Group portfolio company.

PRESS RELEASE

Norment Security Group (“Norment”), the world leader in comprehensive detention systems products and services and a part of The Gores Group portfolio of companies, today appointed Charles Veniez as Chief Executive Officer and President. Veniez joins Norment from United Technologies Corporation, where he held several roles in management, most recently as Regional Vice President and General Manager, responsible for a number of fire and security businesses throughout the United States.

Norment, which recently celebrated 60 years in business, is recognized as an industry innovator in detention equipment contracting. Norment not only offers a design-build, start-to-finish approach to new construction, but also completes retrofit and upgrade services, long-term maintenance agreements and integrated electronic security systems.

“I am honored to be the new CEO of Norment and look forward to working with our employees, customers and suppliers,” said Veniez. “Norment has a great history and an outstanding track record of performance. I intend to continue that heritage, and build upon its position as the preeminent provider of detention systems products and services.”

Chris Sznewajs, Vice President of Operations for The Gores Group, stated, “Charles Veniez has a strong operational background with experience in mechanical and electronic access control solutions and as a security products integrator. We are confident he will be an important partner in helping Norment reach its full potential.”

Prior to his most recent role at United Technologies, Veniez served as President of Onity, Inc., an international security products company with operations in the U.S., Europe, Mexico, South America, India, Australia and China. He also served as a Vice President for Kaba Ilco, a leading provider of mechanical and electronic access control solutions.

About Norment Security

Founded in 1952, Norment is recognized as the industry innovator in detention systems contracting. Norment not only offers a design-build, start-to-finish approach to new construction, but complete retrofit and upgrade services, long-term maintenance agreements and integrated electronic security systems. For more information, visit www.normentsecurity.com .

About The Gores Group LLC

The Gores Group LLC is an investment firm focused on acquiring controlling interests in mature and growing businesses which can benefit from the firm’s operating experience and flexible capital base. The firm combines the operational expertise and detailed due diligence capabilities of a strategic buyer with the seasoned M&A team of a traditional financial buyer. The Gores Group, LLC, which was founded in 1987 by Alec E. Gores, has become a leading investor having demonstrated over time a reliable track record of creating substantial value in its portfolio companies alongside management. Headquartered in Los Angeles, The Gores Group, LLC maintains offices in Boulder, CO, and London.

SOURCE: Norment Security Group