WEST PALM BEACH, Fla. — National commercial security solutions provider Security 101, a portfolio company of Gemspring Capital, announced today the acquisition of JY Security, LLC and Beartooth Corporation (“Beartooth”), two long-standing franchise partners serving the San Antonio and Minneapolis regions.
Those deals followed the acquisition of Security & Energy Technologies Corporation, a Chantilly, Va.-based systems integrator focused on commercial and federal government clients.
With these transactions, Security 101 has now completed 21 strategic acquisitions, further advancing its national expansion and integration strategy.
Why Did Security 101 Make its Latest Acquisitions?
JY Security has delivered advanced security systems to commercial and healthcare clients across San Antonio since 2019, adding another major Texas market to Security 101’s corporate footprint alongside recent expansions in Dallas and Houston.
Beartooth, a Minneapolis-based provider founded in 2020, delivers integrated security solutions to enterprise and federal government clients across the Upper Midwest.
JY Security founder Jeff Ye and Beartooth founder Jake Froiland will continue in their roles as general managers under the Security 101 umbrella.
Founded in 1987, SETEC provides design, installation and integration of access control, video surveillance, intrusion detection and life safety systems. The company maintains long-term maintenance and service contracts with enterprise and government customers.
SETEC was founded and co-owned by Chet Hahne and Mark Morgan, who led the company through decades of steady growth. Robert Donnelly, a long-time member of the leadership team, will now serve as general manager, overseeing SETEC’s operations across the Washington, D.C., region.
What They’re Saying About Security 101’s Additions
The addition of JY Security and Beartooth “further advances our long-term strategy to unite exceptional regional businesses under the Security 101 brand,” says Greg Daly, CEO of Security 101, in the joint announcement.
“Jeff and Jake exemplify the leadership and customer dedication that drive our growth nationwide,” he says. “We’re proud to welcome their teams to the corporate organization as we continue building consistency, capability, and scale across the country.”
Daly is also excited about the SETEC acquisition, saying, “their strong reputation, technical expertise and customer relationships in the D.C. corridor align perfectly with our growth strategy and strengthen our ability to serve the federal market.”
The newest members of the Security 101 family are excited about the deals that made it possible.
“Our success in San Antonio has been built on trust and dependable service,” says Ye. “Joining the Security 101 corporate family enables us to maintain our local focus while leveraging national resources and collaboration to better serve our customers.”
“The Minneapolis team is excited to join an organization that values innovation and operational excellence,” says Froiland. “With this partnership, we gain a broader platform to deliver even greater value and expertise to clients across the Midwest.”
“For nearly four decades, SETEC has been built on hard work, integrity, and a commitment to doing what’s right for our customers,” says Hahne in the announcement. “Joining Security 101 ensures that legacy continues to grow within a national organization that shares our values.”
“Our dedication to customer service hasn’t changed, but now we have the strength of a national network behind us,” says Donnelly. “With Security 101, we’re positioned to take on larger, more complex projects across both commercial and federal markets.”
