Steve Hafen Takes the Helm of Devcon Security, Just Weeks After Ginsburg Was Named
Less than three weeks after an announcement issued by Golden Gate Capital that Richard Ginsburg had been named CEO of Hollywood, Fla.-based Devcon Security, Golden Gate Capital made another announcement on Monday, March 19, that Steve Hafen will lead Devcon Security as CEO. Devcon Security Services attracted San Francisco-based Golden Gate Capital as a private equity partner in 2009. Devcon ranks as No. 18 on the SDM 100, a report of the largest security companies in the United States. It services a customer base of nearly 300,000 and had $3.5 million in RMR on Dec. 10, 2010.
What Ginsburg’s role at Devcon will be, if any, has not yet been confirmed. A call to the agency that issued the news on behalf of Golden Gate Capital, has not yet been returned.
Hafen is a long-time operations expert, working within the security industry for the last several years driving growth and profitability for his associated companies, the press release stated. Most recently, Hafen served as chief operating officer for Devcon Holdings LLC, with prior industry experience including serving as chief operating officer of a major security company where he is credited with building a strong, stable operations foundation, as well as creating an industry-leading compliance platform following a period of extreme growth, the release noted.
Similarly, Devcon has recently completed a period of accelerated growth, creating a national footprint by opening offices in several markets across the United States over the past 18 months.
“Steve has been a great asset to the company already and we have every confidence that he will lead Devcon with the acuity and expertise we have come to expect from him,” said Christopher B. Munday, operating partner for Golden Gate Capital. “Finding the right leader is essential to our success and with Steve’s proven track record we are confident in Devcon’s bright future.”
Hafen commented, “Devcon is a great company that expanded very quickly and will benefit from an increased focus on operations. This company has taken a much larger position in the market over the last year and is poised to move forward. Operational excellence will play a critical role in the next phase of the business. I’m pleased for the opportunity to lead this company.”