Central Security Group announced on Tuesday that Richard Ginsburg, former CEO of Protection 1 and Guardian International, has been named CEO and a member of its board of directors. Ginsburg has more than 25 years of leadership and operating experience in the security and home automation space.
“I am extremely excited to lead the talented CSG team as well as partner with the hundreds of CSG authorized dealers across the United States. It is rare when you find a company in today’s consolidated marketplace that has the benefit of CSG’s size, a solid base of authorized dealers, and a top-tier, experienced employee team,” said Ginsburg. “The increased consumer demand in home automation and security services makes this an ideal time to take the well-positioned CSG platform and expand within this ever-changing and evolving market. The opportunities for the CSG team moving forward are exhilarating.”
Founded in 1999, CSG is one of the fastest growing security and home automation platforms in the United States. The company partnered with growth equity investor Summit Partners in 2010 to help expand its dealer network and grow its subscriber base. Today, CSG is the 8th largest security monitoring company in the United States (ranked by residential subscribers) and is the owner of Guardian Security, Oklahoma’s largest security provider.
Under Ginsburg’s leadership, Protection 1 grew to become the second-largest security company in the industry, and in 2010, the company was acquired for nearly $900 million. Prior to Protection 1, Ginsburg was CEO at Guardian International, a company he founded at age 24. He most recently served as a managing director at G3 Capital Partners, an early-stage investment company.