Ackerman Security Systems Acquired by Private Equity Firm

By Rodney Bosch · April 1, 2015

ATLANTA — Ackerman Security Systems, based here, completed a deal to be acquired by private equity firm Imperial Capital Group of Toronto and its partner OPTrust Private Markets Group. Terms of the transaction were not disclosed.

A group of Ackerman senior managers, including CEO Jim Callahan, will continue to own a minority stake in the company. The sellers include private equity firms Bariston Partners and Sverica International, who bought out company founder Charlie Ackerman in 2005.

“In general, private equity firms do five-year transactions. This group held on to [Ackerman] for 10 years primarily because we were the best performing fund in their portfolio,” Callahan told SSI. “It has come a time when they would like to monetize their investment.”

Founded in 1976, Ackerman has grown to more than 300 employees with approximately $3 million in recurring monthly revenue (RMR). The company entered the Washington, D.C., market in 2010. Among its customer base of 125,000 mostly residential accounts, Ackerman offers business security solutions nationwide as part of its national accounts program.

http://www.securitysales.com/article/ackerman_security_systems_acquired_by_private_equity_firm

Article Provided by: Security Sales & Integration

 

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