Sunlake Capital is pleased to announce the sale and successful exit of its investment in Patrol Protect Secure, Inc. ("PPS"), a leading provider of contract security services, off-duty law enforcement...
Autore: Business Wire
WEST PALM BEACH, Fla.: Sunlake Capital is pleased to announce the sale and successful exit of its investment in Patrol Protect Secure, Inc. ("PPS"), a leading provider of contract security services, off-duty law enforcement, and force-multiplying technology solutions. PPS was purchased by Paladin Security Group's United States subsidiary, PalAmerican Security.
Originally established as a platform investment by Sunlake and Mangrove Equity Partners in December 2018, PPS was designed to execute a consolidation strategy within the fragmented contract security industry. The company’s mission was to acquire best-in-class contract security businesses throughout the United States and partner with their management teams to build a superior alternative to national operators.
Under Sunlake's stewardship, PPS increased revenue and EBITDA twelve-fold through a balanced combination of acquisitive and organic growth, ultimately becoming one of the largest contract security providers in the United States. PPS completed six strategic acquisitions that formed and enhanced a differentiated security services platform:
Sunlake, Mangrove, and PPS management grew the organization to employ over 3,400 highly trained security officers and off-duty law enforcement professionals across more than 30 states. The partnership developed PPS into a fully integrated and unified platform delivering critical security and threat mitigation services, including (i) a differentiated off-duty law enforcement service offering in several metro markets; (ii) a fast-growing service line of technology-enabled solutions consisting of remote security monitoring and mobile surveillance systems; and (iii) a subscription-based armed, off-duty law enforcement patrol service in residential neighborhoods adjacent to high threat areas.
Sunlake Founder and Principal, Andrew Galante, stated, "Sunlake is privileged to have partnered with outstanding leaders at PPS and investors at Mangrove. Our collective efforts resulted in the formation of a premier security business, as well as a significant return on investment. The sale of PPS marks a milestone in Sunlake's private equity investment track record and affirms the uncommon value we offer our investment partners and management teams, through our focus on the security and risk industry sectors."
About Sunlake Capital
Sunlake Capital Partners is a Florida-based private investment firm focused on control investments in closely held companies that possess a sustainable competitive advantage. Beginning operations in 2017, Sunlake specializes in the security, safety, and risk industries. Sunlake seeks to deliver proprietary value creation by leveraging its deep experience and extensive network in the security and safety industries. For more information, visit sunlakecapital.com.
Fonte: Business Wire