SOURCE: Dunbar


September 08, 2015 09:46 ET

Dunbar Armored Acquires Titan Armored Car & Courier

Acquisition Expands Dunbar Armored's Presence in Upstate New York and Brings New Services to Region

HUNT VALLEY, MD--(Marketwired - Sep 8, 2015) -   Dunbar Armored, Inc. (Dunbar Armored), America's largest independent armored transportation carrier serving major retailers, financial institutions and government entities nationwide, today announced that it has acquired Titan Armored Car & Courier, Inc. (Titan Armored), a regional armored carrier with offices in Newburgh and Albany, New York and with customers spread throughout the Hudson Valley and Capital District.

The acquisition of Titan Armored represents a further step in Dunbar Armored's consistent national expansion. The full integration of Titan Armored's operations with Dunbar Armored's operations, effective August 28, 2015, will enable Dunbar Armored to expedite the growth of its geographic footprint and deliver enhanced cash management solutions, such as EZChange® and Cash Manager Safes®, to the marketplace, including to former Titan Armored customers. The acquisition also serves to bolster the size and depth of Dunbar Armored's bench of industry professionals with the addition of Titan Armored talent to the team.

"As Dunbar continues to expand nationally, we have grown organically as well as through a variety of acquisitions. Titan Armored was an attractive investment for us because it is a well-established armored carrier in Upstate New York with a customer base complementary to ours in market segments such as commercial, financial institutions and government services," said Kevin Dunbar, President and CEO of Dunbar Armored. "The acquisition enables us to expand our geographic coverage adjacent to our strong existing market footprints in northern New Jersey, Pennsylvania and Connecticut and better serve our national customers that have branches in the Hudson Valley and Capital District."

"Just as importantly, we are also excited to welcome the talented individuals, formerly of Titan Armored, to our team," added Dunbar.

"The Dunbar organization has been an industry leader in armored transportation for over 90 years and, on behalf of the Titan Armored team, we look forward to joining Dunbar Armored as they bring the breadth and width of their best-in-class products, services, technology and comprehensive Security Solutions to customers in region," said Timothy Peloso, Regional Vice President of Sales for Dunbar Armored and former Titan Armored CEO.

About The Dunbar Companies:
The Dunbar Companies
, America's largest independent,100% American-owned, full-service security organization is comprised of seven strategic business units including: Dunbar Armored - America's largest independent armored transportation carrier serving major retailers, financial institutions and government entities nationwide; Dunbar Cash Vault Services - state-of-the-art money rooms providing a complete line of cash management services to major banks and retailers; Dunbar Global Logistics - providing secure transportation solutions for the movement of vulnerable cargo worldwide; Dunbar Security Products - designer and distributor of the world's finest security containers and security-related business products; Dunbar Protective Services - supplier of professionally-trained, uniformed guards and physical security services ; Dunbar Security Systems - designer and installer of electronic alarm and 24-hour monitoring systems supported by a UL®-approved central station. Dunbar Cybersecurity - providing proactive, cutting-edge cyber security solutions to financial and retail markets via on-demand technology offerings; Dunbar - The Most Trusted Name In Security.® 

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