Protos Security completes acquisition of Summit Off Duty Services to enhance security service offering
Jun 04, 2024•over 1 year ago
Acquiring Company
Protos Security
Acquired Company
Summit Off Duty Services
Description
Security Services Holdings LLC, operating as Protos Security, has strategically acquired Summit Off Duty, a company specializing in managing onsite security for businesses nationwide. This acquisition expands Protos' service offering and value to its customer base, positioning it as the fourth largest security services provider nationally. Both companies' leadership teams will remain in place post-close, ensuring a smooth transition and alignment of business models focused on delivering reliable security solutions.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed