Guardian Security Holdings, Inc. d/b/a Ackerman Security Systems (Ackerman), based in Atlanta, Georgia, is a leading security alarm monitoring service provider in the Greater Atlanta market.  Since its founding in 1992, the Company has grown from 674 accounts to over 28,000.  The Company’s commitment to service and quality has enabled Ackerman to develop one of the strongest security alarm brands in the greater Atlanta market and to successfully compete with both local and national competitors. Ackerman’s website is www.ackermansecurity.com.

The Company generates its revenues from (i) selling and installing security alarm and ancillary systems and services, (ii) monitoring customer systems (RMR) out of its own Underwriters Laboratories (U.L.) certified central station, and (iii) servicing customer systems.  Ackerman generates revenues from both residential and commercial account accounts. 

The Company’s range of products include custom-designed residential security monitoring systems to highly customized integrated commercial security solutions, including interactive remote video, off-site video storage and archiving, access control with video badging, and fire security systems.  In addition to these core services, the Company also has available home theatre systems, whole-house audio systems, lighting control systems, home automation systems and structured wiring.

BP worked with existing Ackerman management and with the founders of the Company to structure and implement an orderly transfer of ownership and to recapitalize the business. Together with Bruce Turry, Ackerman’s CEO, and other members of the senior management team, BP formed an acquisition company and negotiated a binding purchase agreement.  BP also negotiated employment arrangements with Ackerman’s senior management team. BP then arranged and negotiated the private placement of over $35 million of senior debt and preferred stock commitments to complete the transaction. BP is an equity owner in Ackerman.  Chris Needham is a member of Ackerman’s Board of Directors.