Gemspring Capital Management LLC, a middle-market private equity firm, has acquired a majority interest in Security 101, a provider of commercial security system services.
Security 101 delivers a full-service offering of security services and products including design, installation and maintenance of integrated access control, video surveillance, intrusion detection, visitor management and managed services. The firm delivers its services across the United States through over 50 locations.
“We are excited to partner with Gemspring during this next phase of growth and look forward to collaboratively pursuing the tremendous market opportunity ahead of us,” added Steve Crespo, Security 101 founder and CEO. “This partnership puts Security 101 in a position to rapidly expand our footprint while continuing to provide national and local customers the security industry’s finest customer service through our proven approach.”
“We believe the commercial security integration market is poised for significant growth as customers increasingly look to strategic thought partners like Security 101 to manage the evolving security challenges and the convergence of physical and cybersecurity,” commented Alex Shakibnia, managing director at Gemspring. “We look forward to working with Steve and the entire Security 101 team to expand Security 101’s client base, service and technology offerings, and geographic footprint.”