PE Portfolio Company Wittenbach Acquires Integrator TGG

WAYNE, Pa. — Argosy Private Equity, a lower middle market private equity firm, announces the acquisition of The Gilbertson Group (TGG) by Argosy’s portfolio company, Wittenbach.

TGG, a second-generation family-owned, UL-Listed company, has been providing security solutions to financial, education, healthcare, commercial, pharmaceutical, government, retail, and property management customers for over 30 years.

TGG specializes in physical and electronic security systems integration, retail delivery solutions and security consulting, working with the financial and commercial sectors of the Mid-Atlantic region, while also supporting customers throughout the U.S. and Canada.

For over four decades, Wittenbach has delivered cash automation, physical security and electronic security products to regional community and nationally known banks, credit unions and financial institutions.

The company says its branch transformation solutions help improve operational efficiencies, increase productivity, reduce costs and ensure regulatory compliance. Based in Maryland, Wittenbach services customers throughout the Midwest and East Coast.

The acquisition of TGG is said to help further enhance the growth of Wittenbach by providing increased density in an important region for Wittenbach and its customers. The combined company will be enabled to better serve their combined customer base, execute cross-selling opportunities in the financial institution sector while expanding into government and commercial sectors across their footprint.

The Wittenbach and TGG management teams, along with Argosy, are actively working on executing Argosy’s Value Acceleration Methodology (VAM) acquisition toolkit to integrate the operations, realize synergies between the companies and continue to grow the combined company, the announcement states.

“We are thrilled for TGG to join our Wittenbach team. We look forward to leveraging the combined strength of both companies to provide even better services and support to our many customers across the Pennsylvania, Deleware and Maryland markets,” says Don Charlton, partner, Argosy Private Equity and Chairman of Wittenbach.

The post PE Portfolio Company Wittenbach Acquires Integrator TGG appeared first on Security Sales & Integration.



from News Archives - Security Sales & Integration https://www.securitysales.com/business/mergers/wittenbach-acquires-integrator-tgg/
via IFTTT

Comments

Post a Comment

Popular posts from this blog

Total Tech Summit Puts Call Out for Top Integrators to Apply Now

Image
FRAMINGHAM, Mass. — Total Tech Summit announces that applications are now being accepted to attend this year’s event. Comprised of the  SSI Summit, CE Pro Summit and Commercial Integrator Summit, this year’s event will take place in Las Vegas at the MGM Grand Hotel and Casino, Nov. 13-15. At this all-expense-paid, exclusive event, VIP guests will have the chance to sit in on industry-defining sessions, key boardroom presentations, and be able to meet one-on-one with potential vendors. Total Tech Summit brings together the best in class to share ideas, learn from others, and most importantly, accelerating the next stage of their businesses. It is the only event of its kind that bridges channels and connections by bringing together professional security, commercial AV and residential AV integrators. Another perk of the Total Tech Summit is the VIP Peer-to-Peer groups. These group conversations take place throughout the months leading up to the event and are guided by the editors of t
Read more

Top 10 Security Stories From October 2021: China Ban Gains Steam, Vivint Countersues ADT

October saw its fair share of legal issues and acquisitions. This month, lawsuits involved home security companies, a gunshot detection provider and even a media company. Vivint Smart Home is seeking retribution for the lawsuit ADT filed against it last year that alleged Vivint salespeople go to ADT customers’ homes, get them to sign Vivint contracts and install the company’s alarm systems in their homes under false pretenses. Vivint had requested a motion to have that lawsuit dismissed, but when the judge denied the motion, Vivint launched a countersuit claiming it is in fact ADT that is deceiving and stealing its customers. Gunshot detection provider ShotSpotter filed a lawsuit against media company Vice, alleging it is profiting off of fabricated claims. Vice has been critical about ShotSpotter’s technology in a multitude of articles. Though not a lawsuit, Dahua and Hikvision continue to feel pressure from the U.S. government as it considers a new measure that would make it imp
Read more

Minnesota AG Calls for Cancellation of Home Security Contracts for Alleged Fraud

STEARNS COUNTY, Minn. — Bring Me the News reports that Minnesota’s Attorney General, Keith Ellison, says he’s gotten consumers in Stearns County out of home security contracts after they were misled by a door-to-door salesman. According to the report, Ellison’s office announced that home security companies Skyline Security Management and Safe Home Security have agreed to their cancel contracts with customers in and around Stearns County who purchased their systems from door-to-door salesman Gary Harvey. “Door-to-door salesmen and their employers are in the business of trust-building,” Ellison said in a statement. “They know they need to have your trust to sell you their products, particularly expensive products like security systems that are supposed to keep your home safe. When that trust is betrayed, it’s emotionally and financially painful. I appreciate Skyline and Safe Home taking the right step in canceling these contracts while my office does what we can under the law to hold M
Read more