CHANTILLY, Va. – Pavion (formerly Corbett Technology Solutions) has acquired Security Source. This is the 14th acquisition for Pavion since partnering with Wind Point Partners in June 2020, and the company’s third acquisition in 2023 (it acquired Turnkey Technology and Netronix Integration in March this year).
Established in 2005, Security Source is based in Andover, Mass., and implements and services video-based security and loss prevention systems for multi-location businesses. The company specializes in rapid installation, nationwide deployments and ongoing support for large enterprise customers in high growth enterprise and retail sectors including: financial services, QSR, essential and personal storage. Technologies supported include video surveillance, video verification, access control and intrusion detection.
“We are excited to welcome Security Source and its customers to Pavion,” says Pavion CEO Joe Oliveri. “Our ability to serve large global and national accounts with best-in-class customer experience is now even further strengthened by adding Security Source to our business. We look forward to working with the Security Source team to continue its growth, enhance its capabilities, and serve existing and new customers in this important industry segment.”
Bruce Rogoff, Security Source CEO, says: “Security Source has driven explosive growth while supporting an impressive roster of best in breed customers, each with hundreds to thousands of locations. Our customers rely on our expertise for accelerated deployment of advanced video surveillance, video verification and intrusion detection technology across their enterprise.
“Pavion represents great opportunities for the loyal employees that run our business every day and the customers they’ll continue to serve for years to come,” Rogoff continues.
“We are really pleased to have Security Source, its valued employees and customers join Pavion,” says Jim Muncey, president of the Pavion Security Business Unit. “They are now supported by Pavion’s global delivery and service capabilities, including access control, fire alarm, in house central station, IT and integration capabilities. This means a lot to our employees and customers and is a big deal for our industry.”
Houlihan Lokey acted as financial advisor to Security Source.
