Wittenbach, a portfolio company of lower middle-market private equity firm Argosy Private Equity, has acquired the Gilbertson Group (TGG), which provides physical and electronic security solutions to a variety of commercial and government end-customers.
TGG, a second-generation family-owned, UL-Listed company, has been providing security solutions to financial, education, healthcare, commercial, pharmaceutical, government, retail and property management customers for over 30 years. The company specializes in physical and electronic security systems integration, retail delivery solutions and security consulting, working with the financial and commercial sectors of the Mid-Atlantic region, while also supporting customers throughout the U.S. and Canada.
Based in Sparks Glencoe, Md., Wittenbach provides cash automation, physical security and electronic security products to regional community and nationally known banks, credit unions and financial institutions. The company’s branch transformation solutions are said to help improve operational efficiencies, increase productivity, reduce costs, and ensure regulatory compliance. The company services customers throughout the Midwest and East Coast.
The acquisition of TGG will further enhance the growth of Wittenbach by providing increased density in an important region for Wittenbach and its customers, according to an announcement. The combined company will be enabled to better execute cross-selling opportunities in the financial institution sector while expanding into government and commercial sectors across their footprint.
“We look forward to leveraging the combined strength of both companies to provide even better services and support to our many customers across the Pennsylvania, Delaware and Maryland markets," said Don Charlton, partner, Argosy Private Equity and chairman of Wittenbach.