Sector: Business Services
Fund: Fund I - Selected Investments
Leadership: Richard Bard, CEO
A nationwide provider of security services, Security Technologies Group provides access control hardware, installation, central station monitoring and guard services to Fortune 500 companies. Their extensive resources and expertise make them a one-stop shop for their customers, and they are able to provide a more complete range of services than many of their smaller, regional competitors.
We recruited a stronger management team, implemented infrastructure improvements, reduced operating costs and completed three key acquisitions, thereby increasing enterprise value three-fold over our investment period and resulting in a successful sale to a strategic buyer.