Southfield Capital, a lower middle market private equity firm, has, through its portfolio company, Protos Security, a tech-enabled managed security services provider, completed a strategic acquisition of Off Duty Services, a US-based provider of off-duty police officers.
“We are very excited about the combination of Protos and ODS, which will create one of the largest providers of security services in the nation while offering an end-to-end service solution unique to the industry,” said Peter Platten, Protos Security SVP, Sales and Strategic Accounts. “By combining Protos’ security guard and technology solutions with ODS’ off-duty officer capabilities, we will be able to meet our client’s broad range of security service needs nationwide via our proprietary tech-enabled managed services model. We are thrilled to be partnering with the incredible team at ODS and look forward to working together.”
Brett Rowley, co-founder and CEO of ODS, commented on the transaction, “We are very excited to join forces with the Protos team. Our partnership with Protos will enable us to provide our clients with an expanded service offering and enhanced national coverage while continuing to provide the superior customer service our clients have come to expect of us. We believe this partnership will create significant value for our clients and will further position us as the industry’s leading provider of security services.”
Andy Cook, partner at Southfield Capital, stated, “ODS boasts the largest network of police officers and police agencies in the country, and its tech-enabled model makes it an excellent combination with the Protos platform. The acquisition fits squarely in Protos’ M&A strategy around building our capability set and allowing us to be a trusted, one-stop solution for our clients nationwide.”
Monroe Capital LLC and Wells Fargo Bank provided debt financing. Troutman Pepper Hamilton Sanders LLP provided legal counsel to Southfield Capital and Protos. Raymond James acted as Off Duty Services’ financial advisor. Reed Smith LLP and Chico & Nunes PC provided legal counsel to Off Duty Services