Electric Guard Dog LLC, which is owned by Snow Phipps Group, has acquired the assets of Columbia, South Carolina-based Perimeter Security Systems, an electric security fencing provider. No financial terms were disclosed. The seller was WSB & Company.
COLUMBIA, S.C., Sept. 6, 2016 /PRNewswire/ — Electric Guard Dog, LLC (“Electric Guard Dog” or “EGD”), the #1 Theft Deterrent Service™, today announced that it has acquired the assets of Southeastern regional electric security fencing provider Perimeter Security Systems, LLC (“PSS”) from WSB & Company (“WSB”). The asset purchase includes all PSS customer contracts.
The acquisition is one of many initiatives Electric Guard Dog plans to take since their own acquisition by Snow Phipps Group, LLC in June 2016. EGD plans to grow their business while sustaining the quality of service their electric security fencing customers have come to enjoy.
Electric Guard Dog CEO Jack DeMao commented, “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.”
A number of PSS employees have accepted employment offers from Electric Guard Dog as well. “EGD has an amazing operational scale. With this purchase, our field personnel will achieve greater opportunity for personal growth and advancement. We appreciate the incredible effort put forth by our entire team over the years,” said Colin Ricks, PSS CEO.
About Electric Guard Dog
Headquartered in Columbia, South Carolina, Electric Guard Dog, the #1 Theft Deterrent Service™, is the market leader in electric security fences and perimeter security in the country. As a security partner for over 3,500 commercial and industrial locations across the U.S., the Company protects businesses from theft and provides a safer work environment for employees while reducing total security costs. For additional information, please visit www.electricguarddog.com.
About Snow Phipps Group
Snow Phipps is a private equity firm focused on middle-market control investments, targeting platform companies with enterprise values ranging from $100 million to $500 million. The firm utilizes an operating partner model to invest across the industrials, services, and consumer industries and seeks value creation through an operationally focused strategy. To learn more about Snow Phipps, visit www.snowphipps.com
About WSB & Company
WSB & Company is an investment office that seeks to make equity investments in closely held, individual, entrepreneur or family-owned businesses in the lower middle market. WSB partners with management teams to drive long-term growth in companies with significant potential. WSB’s family office structure creates alignment, provides flexibility and fosters a partner-driven culture to achieve the full potential of its partner companies. WSB directly invests in platform companies, actively invests in search funds, and co-invests with other growth-oriented, partnership-focused investors. To learn more, please visit www.wsbandcompany.com.