Cobalt Service Partners, a NYC-based commercial access solutions platform backed by Alpine Investors, has announced its acquisition of Digi Security Systems, a commercial security integrator based in Tulsa, OK. The financial terms of the deal were not disclosed.
About Digi Security Systems
- Founded: 2003
- Founder: Joshua Herron
- Locations: Offices in Tulsa, Oklahoma City, and Dallas
- Employees: Over 100
- Customers: More than 1,000 across various industries, with a strong focus on educational organizations such as public school districts and universities
- Services: Designs, installs, and services security solutions for a diverse range of clients
Digi Security Systems is recognized for creating safer communities through its comprehensive security solutions.
Strategic Implications of the Acquisition
- Expansion of Offerings: The acquisition allows Cobalt Service Partners to enhance its portfolio and service capabilities in the commercial access solutions market.
- Leadership Continuity: Joshua Herron, along with the executive team comprising Vice President Tyler Nichols, Chief People Officer Brooke Lade, and Vice President of Operations Kaitlyn Verity, will continue in their current roles.
- Future Plans: Cobalt Service Partners plans to appoint a new CEO for Digi to further accelerate growth and expand business operations.
Cobalt Service Partners
Cobalt Service Partners focuses on acquiring and developing access solutions businesses, providing founders with a long-term home for their ventures. The company emphasizes its commitment to people, technology, and responsible stewardship.
What we think
The acquisition of Digi Security Systems by Cobalt Service Partners marks a significant step in expanding Cobalt’s capabilities in the commercial access solutions sector. The continuity of Digi’s current leadership, coupled with Cobalt’s strategic support, is expected to drive growth and enhance service offerings to a broader range of customers.
