M&A Deal Summary

Source Capital Acquires PTI Security Systems

On June 29, 2016, private equity firm Source Capital acquired safety/security company PTI Security Systems

Acquisition Highlights
  • This is Source Capital’s 1st transaction in the Safety/Security sector.
  • This is Source Capital’s 20th transaction in the United States.
  • This is Source Capital’s 5th transaction in Georgia.

M&A Deal Summary
Date 2016-06-29
Target PTI Security Systems
Sector Safety/Security
Buyer(s) Source Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

PTI Security Systems

Kennesaw, Georgia, United States
PTI Security Systems is a self-storage access control security and integrated technologies. PTI Security Systems provides the most innovative, durable, and reliable security products available today, and offers a wide range of integrated security solutions that help create a seamless experience for both tenants and self-storage owners and operators. PTI Security Systems was founded in 1979 and is based in Kennesaw, Georgia.

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Buyer(S) 1

Buyer

Source Capital

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Source Capital is a private equity firm that invests in mature, smaller companies in a variety of sectors. The Firm generally looks to support management-backed leveraged acquisitions, recapitalizations, growth financings, and various turnaround situations. Source Capital's broad industry focus includes business services, consumer, distribution/supply, healthcare, and light manufacturing. The Firm prefers control investments, but will selectively review minority situations. Target companies are typically profitable with at least $2 million in EBITDA. Source Capital will not invest in venture deals, high tech, or real estate. Source Capital was formed in 2002 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 20 of 38
Sector (Safety/Security) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 11 of 20
State (Georgia) 5 of 8
Country (United States) 20 of 38
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-13 Abutec

Kennesaw, Georgia, United States

Abutec LLC is a manufacturer of emission control products serving various industry segments including oil & gas, landfill and wastewater treatment. Abutec was founded in 2012 and is based in Kennesaw, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-19 Bills Khakis

Reading, Pennsylvania, United States

Bills Khakis is a premium designer and marketer of high-quality men’s apparel.

Sell -
Mergr

Product

Company

Legal