Corbett Technology Solutions, Inc. (CTSI), a portfolio company of Chicago-based private equity firm Wind Point Partners, this week announced that it has acquired security integrator The Protection Bureau in a move that will expand the company’s geographic footprint and further enhance its fire and security system integration capabilities.
Established in 1975, The Protection Bureau is headquartered in Exton, Pa., with offices across the Mid-Atlantic and the ability to serve customers nationally. The company's central station is “Five Diamond” certified by The Monitoring Association (TMA) and is operated twenty-four hours a day, seven days a week.
Headquartered in Chantilly, Va., CTSI designs, engineers, installs, and maintains nurse call, audio/visual, conferencing, collaboration, sound, fire, security, and communication systems. CTSI serves thousands of private, public, and institutional clients across the U.S.
"We are extremely excited to have The Protection Bureau join the CTSI family," CTSI President and CEO Joe Oliveri said in a statement. "The Protection Bureau team has established a fantastic business serving customers across various industry verticals including healthcare, finance, retail, commercial real estate, government and education. We look forward to further supporting the company's best-in-class integration capabilities using our increased scale to provide opportunities for both employees and customers."
Nathan Brown, Managing Director at Wind Point, stated: "The Protection Bureau accelerates CTSI's strategic growth by delivering additional resources in the Mid-Atlantic and adding further in-house central station capabilities. This acquisition continues our transformation to a best-in-class fire, security, nurse call, and design-build audio/visual systems integration platform with capabilities to serve any highly engineered low voltage system requirement."
"The Protection Bureau is really excited to join forces with CTSI," added Matthew Ladd, President of The Protection Bureau. "I've personally enjoyed leading the company for the last 21 of its 46 years, and genuinely believe we have strong cultural alignment and business vision. Combining The Protection Bureau with CTSI will deliver an even greater customer experience, sustain and expand our growth, and enable career opportunities for the employees that have worked so hard to bring our company to the market leading position it enjoys today."
The Protection Bureau represents the fifth acquisition for CTSI since partnering with Wind Point in June 2020.