Protos Acquires Security Resources
Protos Security and Southfield Capital Announce the Strategic Acquisition of Security Resources
August 27, 2019
Southfield Capital, a premier lower middle market private equity firm, announced today that Protos Security (“Protos”), a tech-enabled managed security services provider, has completed its strategic acquisition of Security Resources (“SRI” or the “Company”), a leading US-based managed security services and direct guard solutions provider. The Company’s co-founders, Joseph Malone and Bob Bond, will remain in their existing leadership roles post-close.
SRI provides security guard and related solutions through its managed services platform and its in-house manned guard division. The Company utilizes a combination of its internally managed guards and its vast network of security guard companies to allow clients to outsource the administrative burden associated with onboarding, managing and tracking thousands of guards working across hundreds of locations. Headquartered in Cherry Hill, NJ, SRI manages hundreds of client sites on behalf of a blue-chip customer base.
“Southfield’s vision to create an industry-leading security services firm committed to delivering extraordinary services to our clients matched perfectly with our philosophy,” stated SRI co-founders Joseph Malone and Bob Bond. “We are very excited to be merging with Protos and look forward to sharing best practices while enhancing our service offering for all of our clients.
“Over the last 20+ years, SRI has blossomed into one of the leading names in the security services space and they have built a highly respected business with a great client roster,” said Andy Cook, Partner at Southfield Capital. “We believe that combining SRI with Protos’ industry-leading technology will enable us to deepen client relationships and provide a broader array of comprehensive security and loss prevention solutions.”