NEW YORK and WEST PALM BEACH, Fla. — Investment funds managed by Morgan Stanley Capital Partners (MSCP), the middle market private equity buyout team within Morgan Stanley Investment Management, announced today the acquisition of commercial security integration services provider Security 101.
Security 101, which was a portfolio company of Gemspring Capital before the acquisition, provides “mission-critical security integration services for organizations spanning a diverse customer base including healthcare, education, government, manufacturing, finance, data centers and other end markets,” according to the joint announcement.
The company specializes in end-to-end security solutions, including access control systems, video surveillance and intrusion detection systems. Since its founding in 2007, Security 101 “has grown into a leading security provider with a network of offices across the United States equipped to address localized security needs for clients and the communities in which they operate,” the announcement says.
Why Did Morgan Stanley Acquire Security 101?
In a blog post on the transaction, Security 101 CEO Greg Daly writes, “Our strategy is not changing. We will continue to operate with the same focus on disciplined execution in local markets, paired with the platform strength required to serve multi-site customers and national accounts.”
“Security 101 has built a differentiated platform with a strong record of organic growth and consistent execution across complex customer environments,” says Adam Shaw, managing director and head of business services at MSCP, in the joint announcement.
“We are excited to partner with Greg and the broader team to support continued expansion and further strengthen the company’s leadership position,” he says. “We intend to continue investing in the platform to further elevate the customer experience and support scalable service delivery across both local markets and national accounts.”
In the announcement, Daly says he is “excited to team up with Morgan Stanley Capital Partners to build on our momentum and extend Security 101’s leadership in commercial security integration. MSCP’s resources and experience will help us deepen our national accounts program, continue thoughtful M&A and expand our unified platform while maintaining the culture and consistency our customers expect.”
