1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. United States >
  5. Florida >
  6. Prosegur Acquires BSI

M&A Deal Summary

Prosegur Acquires BSI

On March 1, 2019, Prosegur acquired safety/security company BSI from Blackford Capital and Convergent Capital Partners

Acquisition Highlights
  • This is Prosegur’s 1st transaction in the Safety/Security sector.
  • This is Prosegur’s 2nd transaction in the United States.
  • This is Prosegur’s 2nd transaction in Florida.

M&A Deal Summary
Date 2019-03-01
Target BSI
Sector Safety/Security
Buyer(s) Prosegur
Sellers(s) Blackford Capital
Convergent Capital Partners
Deal Type Add-on Acquisition

Target

BSI

Delray Beach, Florida, United States
Best Security Industries, Inc. is a manufacturer and distributor of compatible electronic article surveillance products (EAS) tags, labels, and systems that retailers install to prevent shoplifting. Best Security Industries was founded in 1987 and is based in Delray Beach, Florida.

Search 214,503 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Prosegur

Madrid, Spain
Category Company
Founded 1976
Sector Safety/Security
Employees173,389
Revenue 4.9B EUR (2024)
DESCRIPTION

Prosegur provides companies, homes, and businesses with trusted security based on the most advanced solutions available on the market. Prosegur was founded in 1976 and is based in Madrid, Spain.

DEAL STATS #
Overall 2 of 2
Sector: Safety/Security M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-10 CIPHER Security

Miami, Florida, United States

CIPHER Security is a cybersecurity company delivering a wide range of managed security services (MSS) and security consulting services. CIPHER Security was formed in 2000 and is based in Miami, Florida.

Buy -

Seller(S) 2

SELLER

Blackford Capital

Grand Rapids, Michigan, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Blackford Capital is a private investment firm that targets mature or growth-oriented manufacturing, distribution, and service companies located in North America. Specific areas of interest include paper; rubber and miscellaneous plastics; stone, clay, and glass products; primary metal industries; fabricated metal products; industrial machinery and equipment; and electronics and other electrical equipment. Blackford prefers situations where management is seeking to retire or exit. The Firm's target revenue range is between $20 and $100 million. Blackford Capital Partners was formed in 2000 and is based in Grand Rapids, Michigan.

DEAL STATS #
Overall 9 of 19
Sector: Safety/Security M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 7
State: Florida M&A 1 of 1
Country: United States M&A 8 of 18
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-12 Dickinson Press

Grand Rapids, Michigan, United States

Dickinson Press is a full service book manufacturer and printing service provider offering a variety of capabilities including sheetfed lithographic printing, heatset web lithographic printing, digital printing, and services such as warehouse and fulfillment services, and perfect binding. Dickinson Press was founded in 1884 and is based in Grand Rapids, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-25 Custom Profile

Grand Rapids, Michigan, United States

Custom Profile is a manufacturer of plastic profile extruded products primarily for the office furniture, appliance, medical, recreational and RV industry, and point-of-purchase markets. Custom Profile has diverse and flexible manufacturing capabilities with the ability to satisfy a variety of customer demand requirements. Custom Profile was founded in 1992 and is based in Grand Rapids, Michigan.

Sell -
SELLER

Convergent Capital Partners

Investor Investor Investor

Category Growth Capital Firm
Founded 1999
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Convergent Capital is a private investment firm that provides growth and debenture financing to late-stage growth companies. Convergent prefers to commit $3 to $12 million per transaction in businesses with at least $10 million in revenues. Convergent is a generalist investor and will consider businesses in a wide range of industries. Investment funds are typically used to assist growth, but the firm can also structure investments around buyouts, recapitalizations, consolidations, and add-on acquisitions. Convergent is licensed as a SBIC. Convergent Capital was formed in 1999 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 37 of 44
Sector: Safety/Security M&A 1 of 1
Type: Add-on Acquisition M&A Deals 12 of 14
State: Florida M&A 2 of 2
Country: United States M&A 37 of 44
Year: 2019 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-09 BrandRep

Santa Ana, California, United States

BrandRep is a provider of digital marketing services for small and medium-sized businesses. BrandRep combines a broad offering, providing a one-stop solution to businesses, with an attractive price point and an efficient, scalable delivery and service platform ideal for its SMB target market. BrandRep was founded in 2009 and is based in Santa Ana, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-25 Custom Profile

Grand Rapids, Michigan, United States

Custom Profile is a manufacturer of plastic profile extruded products primarily for the office furniture, appliance, medical, recreational and RV industry, and point-of-purchase markets. Custom Profile has diverse and flexible manufacturing capabilities with the ability to satisfy a variety of customer demand requirements. Custom Profile was founded in 1992 and is based in Grand Rapids, Michigan.

Sell -
Mergr

Solution for

Product

Company

Legal