Securadyne Systems, Dallas, and Pamlico Capital completed the acquisition of Surveillance Specialties Ltd. (SURV), a New England-based security systems integrator. The SURV acquisition is the second for Securadyne, which was founded in February 2012 in partnership with Pamlico.
“The acquisition of SURV, which enjoys a commanding market presence in New England, ideally complements our build-up strategy focusing on best-in-breed operating platforms,” explained Carey Boethel, president and chief executive officer of Securadyne Systems. “The addition of SURV considerably expands our geographic reach and our ability to deliver high-end, fully integrated solutions in a number of key vertical markets,” Boethel added.
SURV was founded in 1986 as a covert surveillance company by Arthur and Joan Bourque. The company changed its business model to a full-service systems integrator in 1999. Since then, the company achieved considerable and consistent growth, and emerged as the top independently-owned and operated security systems integrator in New England, Securadyne said. SURV currently has branch offices in Wilmington, Mass. and Portland, Maine.
Arthur Bourque, president and CEO of SURV, stated, “We were fortunate to have a number of viable strategic alternatives for our business, but it was clear that Securadyne represents the future of our industry and is the best possible fit for SURV’s employees, customers and shareholders. We’re very excited about joining the Securadyne team and the opportunities for growth that will be created by this partnership.”
Bourque will join Securadyne’s board of directors and be active in setting the business’s strategic direction and helping with future merger and acquisition activities. Justin Davis, chief operating officer for SURV, will join the Securadyne Systems executive team and will be responsible for leading the company’s Northeast Region.
Stuart Christhilf, principal at Pamlico, noted, “We are excited to be partnering with Arthur, Justin and the SURV team, as their passion for integrity, quality service, and industry-leading technologies represent exactly what we are trying to build with Securadyne. We expect them to be valuable contributors as we look to expand the combined business going forward.”