SOURCE: GSN: Government Security News

GSN: Government Security News

June 23, 2010 16:35 ET

Exclusive Government Security News Interview Reports Cherokee Nation to Spend $250 Million Buying Homeland Security Firms

OKLAHOMA CITY, OK--(Marketwire - June 23, 2010) -  Following an exclusive interview with Russell Claybrook, President of Cherokee Nation Security and Safety, GSN: Government Security News reported that Cherokee Nation Businesses (CNB) has announced a plan to develop a substantial portfolio of homeland security vendors through acquisitions that could total as much as $250 million and through organic international growth.

Cherokee Nation Businesses, the commercial arm of the Cherokee Nation, whose citizens are concentrated in 14 counties in Northeastern Oklahoma, already owns substantial business units totaling over a billion dollars in annual revenues in the fields of Aerospace and Defense, Hospitality, Environmental Services and IT Security and Data Centers.

The strategic plan for Cherokee Nation Security and Safety involves leveraging the capabilities that the group has already gained by providing security guard services and video surveillance monitoring services at the eight gambling casinos and one racetrack that CNB owns and operates.

The company is planning to kick off its strategy, according to Claybrook, by acquiring a "platform company" that has deep knowledge of security and development and already focuses on five additional aspects of security -- video surveillance, access control, intrusion detection, vehicular traffic management and total system integration.

"Acquisitions are already in the pipeline," Claybrook told Government Security News. The company is prepared to invest as much as $100 million in a single transaction, but expects that his typical deal will involve smaller companies with annual revenues of $5 million to $20 million.

"We're going to put them in 8(a) status from the Small Business Administration, and we'll grow them with federal contracts," said Claybrook.

Claybrook said that he intends to "invest" in the ideal company, keep it intact and grow its revenues on top of its existing contracts.

A citizen himself of the Cherokee nation, Claybrook says he is grateful for what might be a once-in-a-lifetime opportunity to help his historic Native-American tribe. "I'm honored and humbled by the opportunity," he told Government Security News.

Additional information about this aggressive expansion by Cherokee Nation Businesses on the Government Security News Web site at: http://www.gsnmagazine.com/article/20915/exclusive_cherokee_nation_could_spend_250_million_

ABOUT GSN: Government Security News
GSN: Government Security News serves an audience of 35,000 federal, state and local homeland security officials, including FBI, CIA, military officials, systems integrators and others in its monthly print edition, as well as 51,000 email subscribers to its daily e-mail newsletters and a like number of unique visitors to its Website at www.gsnmagazine.com.

The publication has won multiple Awards for editorial excellence from the American Association of Business Publication Editor. Its GSN 2009 Homeland Security Awards Program culminated in a dramatic Awards Dinner in a sold-out ballroom in the Roosevelt Hotel in New York, at which Fran Townsend, former Chairperson of the White House Council on Homeland Security and Deputy Commandant of the United States Coast Guard, accepted the Fred V. Morrone Nine-Eleven Memorial Award.

Contact Information

  • For further information contact:
    Adrian Courtenay
    Managing Partner: GSN: Government Security News
    Email Contact
    917-696-5782