NEW YORK -- Snow Phipps Group, LLC ("Snow Phipps") today announced that it has completed the acquisition of Electric Guard Dog, LLC ("Electric Guard Dog" or the "Company") from an affiliate of Ulysses Management LLC ("Ulysses").
Electric Guard Dog is the largest provider of monitored electric security fence systems in the United States. The Company's highly effective security solutions allow customers to protect high-value assets stored at commercial and industrial locations. Increased crime levels and restricted law enforcement resources are driving an ever-widening array of companies to seek the deterrent value of Electric Guard Dog's electric security fence system.
"Snow Phipps is excited to partner with Electric Guard Dog's management team, which has an outstanding track record of delivering security solutions to its customers. The Company is poised for significant growth and we intend to meet growing demand by continuing to invest in sales, marketing, service technicians, compliance, and technology," said Sean Epps, Partner at Snow Phipps.
Current CEO Jack DeMao and the existing Electric Guard Dog management team will continue to lead the Company following the transaction. Snow Phipps Operating Partner John Kenny, who focuses on industrial service businesses, will join Electric Guard Dog as the non-executive Chairman of the Board of Directors. Mr. Kenny currently serves as Chairman of Cascade Environmental Services and was formerly the Chief Financial Officer of Iron Mountain Inc., a storage and information management company.
"It has been a pleasure to work with Jack and the entire management team over the past nine years. I'm proud of what we accomplished and am eager to see what the future brings for Electric Guard Dog," said Paul Barnett, Managing Director at Ulysses.
"We have made substantial investments in our business that have driven robust growth and expanded our capabilities," said Mr. DeMao. "We look forward to further growth while providing the same high level of service to customers under Snow Phipps' ownership."
Raymond James & Associates, Inc. served as exclusive financial advisor to Electric Guard Dog, and Robinson, Bradshaw & Hinson, P.A. served as its legal advisor. Weil, Gotshal & Manges LLP served as legal counsel to Snow Phipps.
About Electric Guard Dog
Headquartered in Columbia, South Carolina, Electric Guard Dog, the #1 Theft Deterrent Service in the U.S., is the market leader in electric security fences and perimeter security in the country. As a security partner for over 3,300 commercial and industrial locations across the U.S., the Company protects businesses from theft and provides a safer work environment for employees while reducing total security costs. For additional information, please visit www.electricguarddog.com.
About Snow Phipps Group
Snow Phipps is a private equity firm focused on middle-market control investments, targeting platform companies with enterprise values ranging from $100 million to $500 million. The firm utilizes an operating partner model to invest across the industrials, services, and consumer industries and seeks value creation through an operationally focused strategy. To learn more about Snow Phipps, visit www.snowphipps.com.
About Ulysses
Ulysses Management LLC is a diversified investment firm with over $1 billion in capital under management. Ulysses follows a variety of investment strategies in pursuit of superior investment results over the long term. The majority of the capital Ulysses manages belongs to its General Partners and their families, creating an uncommonly close alignment of interests in its investments with founders, entrepreneurs and management teams. For additional information, please visit www.ulyssesmgmt.com.
