CHANTILLY, Va. — Corbett Technology Solutions (CTSI), a portfolio company of Wind Point Partners, announces the acquisition of The Protection Bureau, a leading systems integration company based in Exton, Pa.
Terms of the transaction were not disclosed.
Established in 1975 by the late Keith Ladd, an SSI Industry Hall of Fame inductee, The Protection Bureau staffs offices across the Mid-Atlantic, with the ability to serve customers nationally as a member of PSA Security Network and Security-Net. The company also operates a TMA Five Diamond-certified central station, serving customers across multiple industries.
The Protection Bureau represents the fifth acquisition for CTSI since partnering with Wind Point in June 2020.
“The Protection Bureau team has established a fantastic business serving customers across various industry verticals including healthcare, finance, retail, commercial real estate, government and education,” states Joe Oliveri, president and CEO of CTSI. “We look forward to further supporting the company’s best-in-class integration capabilities using our increased scale to provide opportunities for both employees and customers.”
Ladd founded The Protection Bureau in the greater Philadelphia area working out of his garage and with a small bank loan. His son, Matthew, has led the company for the last 21 of its 46 years. In the announcement, he cites a “genuine belief” the two companies share a “strong cultural alignment and business vision.”
Ladd, a member of SSI‘s Editorial Advisory Board, continues, “Combining The Protection Bureau with CTSI will deliver an even greater customer experience, sustain and expand our growth, and enable career opportunities for the employees that have worked so hard to bring our company to the market leading position it enjoys today.”
Based here, CTSI serves thousands of private, public and institutional clients across the United States.
Nathan Brown, managing director at Wind Point, says The Protection Bureau will accelerate CTSI’s strategic growth by delivering additional resources in the Mid-Atlantic.
“This acquisition continues our transformation to a best-in-class fire, security, nurse call and design-build audio/visual systems integration platform with capabilities to serve any highly engineered low voltage system requirement,” he says.
