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Source Capital, LLC Acquires PTI Security Systems

Wednesday, July 6, 2016   (0 Comments)
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 Source Capital, LLC Acquires PTI Security Systems 

 

Atlanta, Georgia, - June 2016 - Source Capital is pleased to announce the

acquisition of PTI Security Systems ("PTI"), the leading provider of access control

and security solutions to the self-storage industry. PTI founder Lance Comstock will

assume the Chairman position and continue to provide strategic guidance to the

company, while Franklin Young will join the company as CEO and Jeff Flowers will

join as COO.

 

Lance Comstock, founder of PTI, commented, "We are proud to partner with Source

Capital as a part of this transaction. The resources and strategic guidance provided

by Source Capital will allow PTI to accelerate our current growth trajectory and

capitalize on new opportunities."

 

Ben Emmons, Managing Director at Source Capital, noted, "PTI has established

itself as the clear market leader in the self-storage industry by providing innovative

and high quality solutions to its customers. We look forward to working closely with

PTI, Franklin, Jeff and Lance to continue growing the company and expanding its

suite of products."

 

About PTI Security Systems

PTI Security Systems is the leading manufacturer of technology-enabled access

control and security solutions to the self-storage industry. The company has a global

reach with more than 25,000 customers across 30+ different countries and is

regarded for its unparalleled customer service and support. PTI's extensive product

line includes access control hardware and software, wired and wireless door alarms,

individual unit overlock devices and mobile access solutions. PTI operates through

two locations in the U.S., as well as through international distributors in Europe, 

Australia and Asia.

 

About Source Capital, LLC.

Source Capital, LLC is a private equity firm founded in 2002 which makes both

control equity investments and mezzanine debt investments into mature, lower

middle-market U.S. companies across a range of industries. Source Capital's

investment strategy targets healthy growing companies with greater than $2 million

in EBITDA seeking a growth-oriented partner. Source Capital has completed

acquisitions and invested across a broad selection of industries including: business

services, light manufacturing, consumer products & services, healthcare, and valueadded

distribution. Source Capital has offices in Atlanta and San Francisco.

 

Media Contacts:

PTI 

Name: Jeff Flowers Title: Chief Operating Officer Email: jflowers@ptisecurity.com

 

Source Capital
Name: Ben Emmons Title: Managing Director Email: benemmons@source-cap.com

 

PTI Security Systems | (800) 523-9504 | www.ptisecurity.com

9160 East Bahia Drive Suite 100, Scottsdale, AZ 85260