Pavion, a leading provider of integrated solutions for fire, safety, security and critical communications, has acquired Security Source, based in Andover, Mass.
The acquisition is said to enhance Pavion’s capabilities supporting national multi-location customers with fast, focused and flexible security solutions.
The transaction for undisclosed terms marks the 14th acquisition for Pavion, formerly Corbett Technology Solutions (CTSI), since partnering with Wind Point Partners in June 2020.
“We are excited to welcome Security Source and its customers to Pavion,” stated Pavion CEO Joe Oliveri. “Our ability to serve large global and national accounts with a best-in-class customer experience is now further strengthened by adding Security Source to our business. We look forward to working with the Security Source team to continue its growth, enhance its capabilities, and serve existing and new customers in this important industry segment.”
Established in 2005, Security Source serves national customers with multi-site footprints through the deployment and servicing of video-based security and loss prevention solutions. According to the company’s website, its roster of clients includes Santander, a financial services company; Sbarro, a pizzeria chain; fast food retailer Taco Bell; and an nationwide personal storage company.
“We are really pleased to have Security Source, its valued employees, and customers join Pavion,” said Jim Muncey, president of the Pavion Security Business Unit. “They are now supported by Pavion’s global delivery and service capabilities, including access control, fire alarm, in-house central station, IT and integration capabilities.”
Security Source has driven impressive growth while supporting a roster of best in breed customers, each with hundreds to thousands of locations, said Bruce Rogoff, Security Source CEO. “Our customers rely on our expertise for accelerated deployment of advanced video surveillance, video verification, and intrusion detection technology across their businesses.”
Rogoff said partnering with Pavion “represents great opportunities for the loyal employees that run our business every day and the customers they’ll continue to serve for years to come.”
Houlihan Lokey acted as financial advisor to Security Source.