SOURCE: Devcon Security

Devcon Security

March 01, 2012 16:00 ET

Industry Veteran Richard Ginsburg Named CEO of Devcon Security

Ginsburg to Focus on Building the Value of the Devcon Platform

HOLLYWOOD, FL--(Marketwire - Mar 1, 2012) - Golden Gate Capital, owner of Devcon Security, a residential and commercial security provider with a national customer base of nearly 300,000, today announced it has named Richard Ginsburg to serve as CEO of Devcon Security. Mr. Ginsburg was most recently the CEO of Protection One, one of the largest security companies in the U.S.

"Devcon has established itself as a significant player in the evolving security market," said Christopher B. Munday, operating partner for Golden Gate Capital. "Devcon will benefit from Richard's expertise, leadership and vision as we take Devcon forward. Golden Gate Capital is committed to the thriving security space, and we are pleased to have attracted someone with Richard's level of experience to assist us in leading the company."

Mr. Ginsburg's experience in the security industry includes founding Guardian International in 1993. Mr. Ginsburg led the company as CEO through 2001, building it into the country's 16th largest security monitoring company. Devcon purchased Guardian in 2006. Mr. Ginsburg joined Protection One as its President and CEO in 2001 and led it through a nine year period of consistently improving operating and financial results culminating in its sale in June 2010.

"Devcon is well positioned in an expanding market space," said Mr. Ginsburg. "I'm pleased for the opportunity to work with Devcon's management team and a private equity partner of Golden Gate Capital's caliber, continuing Devcon's development as one of the top security companies in the industry. The roots are planted and we have the people, systems, and services to compete effectively, and I am very excited for the future of Devcon."

For more information about Devcon Security, visit us at www.devconsecurity.com.

About Devcon Security
Devcon Security is a nationwide brand composed of local security companies rooted in the security business as far back as 1968. Today, Devcon is the 13th largest security monitoring company in the U.S. offering a full range of state-of-the-art monitored security systems for nearly 300,000 residential and business customers.

About Golden Gate Capital

Golden Gate Capital is a San Francisco-based private equity investment firm with approximately $9.0 billion of capital under management. Golden Gate is dedicated to partnering with world-class management teams to invest in change-intensive, growth businesses. The principals of Golden Gate have a long and successful history of investing with management partners across a wide range of industries and transaction types, including leveraged buyouts, recapitalizations, corporate divestures, and buy-and-builds. For more information, visit www.goldengatecap.com.

Contact Information