PE-Backed Securadyne Systems Buys Surveillance Specialties

Securadyne Systems, which is backed by Pamlico Capital, has completed its acquisition of Surveillance Specialties Ltd., a New England-based security systems integrator. Terms were not released. Carrollton, Texas-based Securadyne Systems is a provider of enterprise-class security systems and cloud-based security technology.

 

PRESS RELEASE

Securadyne Systems, LLC (“Securadyne Systems”) and Pamlico Capital (“Pamlico”) announced today that they have completed the acquisition of Surveillance Specialties, Ltd. (“SURV”), a leading New England-based 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,” explained 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,” Boethel added.

 

SURV was founded in 1986 as a covert surveillance company by Arthur and Joan Bourque. The company changed its business model to a full-service systems integrator in 1999. Since then, the company has achieved considerable and consistent growth, and has emerged as the top independently-owned and operated security systems integrator in New England. SURV currently has branch offices in Wilmington, MA and Portland, ME.

 

Arthur Bourque, President and CEO of SURV, stated “We were fortunate to have a number of viable strategic alternatives for our business, but it was clear that Securadyne represents the future of our industry and is the best possible fit for SURV’s employees, customers and shareholders. We’re very excited about joining the Securadyne team and the opportunities for growth that will be created by this partnership.”

 

Mr. Bourque will join Securadyne’s Board of Directors and be active in setting the business’s strategic direction and helping with future M&A activities. Justin Davis, Chief Operating Officer for SURV, will join the Securadyne Systems executive team and will be responsible for leading the company’s Northeast Region.

 

Stuart Christhilf, Principal at Pamlico, noted “We are excited to be partnering with Arthur, Justin and the SURV team, as their passion for integrity, quality service, and industry-leading technologies represent exactly what we are trying to build with Securadyne. We expect them to be valuable contributors as we look to expand the combined business going forward.”

 

About Securadyne Systems

 

Headquartered in Carrollton, Texas, Securadyne Systems is a full-service security solutions provider focusing on enterprise-class security systems deployments and next-generation cloud-based solutions. The company was founded in February 2012 and has branch offices throughout Texas and Oklahoma, and serves a nationwide customer base in a variety of industries. For more information regarding Securadyne Systems, please contact Abe Romero at abe.romero@securadyne.com.

 

About Surveillance Specialties, Inc.

 

Surveillance Specialties was founded in 1986 and has operated continuously since then as an industry-leading security systems integrator focused in the New England marketplace. The company has branch offices in Wilmington, MA and Portland, ME and serves a broad customer base focused on industries such as higher education, pharmaceuticals, biomedical, high technology and insurance. For additional information on Surveillance Specialties, please visit www.surv.com.

 

About Pamlico Capital

 

Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle market companies in the U.S. Pamlico Capital seeks control-oriented growth equity and buyout investments of up to $75 million alongside proven management teams in its target industries, business & technology services, communications, and healthcare. The firm, based in Charlotte, NC, currently manages over $2 billion in assets.