Securadyne Systems, a provider of enterprise-class security systems, and private equity firm Pamlico Capital announced on Wednesday that they have acquired New England-based systems integrator Surveillance Specialties, Ltd (SURV). The SURV acquisition is the second for Securadyne since being founded earlier this year in partnership with Pamlico.
In a statement, Securadyne Systems President and CEO Carey Boethel said that the acquisition complements the company’s growth strategy. "The addition of SURV considerably expands our geographic reach and our ability to deliver high-end, fully integrated solutions in a number of key vertical markets," he added.
SURV was founded in 1986 as a covert surveillance company and later changed its business model to systems integration in 1999. The company currently has branch offices in Wilmington, Mass., and Portland, Maine.
"We were fortunate to have a number of viable strategic alternatives for our business, but it was clear that Securadyne represents the future of our industry and is the best possible fit for SURV’s employees, customers and shareholders. We’re very excited about joining the Securadyne team and the opportunities for growth that will be created by this partnership," said SURV President and CEO Arthur Bourque, who will be joining Securadyne’s board of directors.
SURV COO Justin Davis will Securadyne’s executive team and will be responsible for lead the company’s northeast region.