Pinnacle Security, Orem, Utah, has been in the news lately with several sales of various assets. Signs point to the dissolution of this company. And with rumors that parent company Golden Gate Capital is looking for a buyer for Devcon Security, this could mean Golden Gate is bowing out of the security industry. A spokesperson for Golden Gate Capital declined to comment.
Henry Edmonds, founder and president of The Edmonds Group, noted that Pinnacle encountered some challenges in recent years. He added that after three account sales and the acquisition of Pinnacle’s sales force, the company may soon fold. As to the acquisition rumors surrounding Devcon Security, Edmonds said, “It would seem natural if they’ve chosen to exit the Pinnacle transaction that they would choose to exit the Devcon transaction as well.”