MISSION WOODS, Kan.,
June 26,
2024 /PRNewswire/ -- Great Range Capital (GRC), a
private equity firm based in Kansas
City, has acquired Citadel Security Holdings, Inc.
("Citadel"). GRC also provided funding for Citadel's concurrent
acquisition of Metropolitan Protective Services, LLC (MPS), a
security patrol services business based in Denver. With operations in Colorado, Missouri, and Iowa, Citadel offers manned guarding, event
security, and patrol services to various sectors including
government, utilities, infrastructure, healthcare, retail, and
residential markets.
Citadel's co-founders, Justin
Hale (CEO) and Todd DeJong
(CAO), will remain in their respective roles. The partnership with
GRC will support the company's ongoing execution of its organic
growth strategy, as well as establish a scalable platform for
growth through complimentary acquisitions. Mr. Hale shared his
enthusiasm about joining forces with GRC, stating, "Partnering with
GRC is a transformative step for Citadel. As we remain focused on
providing highly reliable services to our clients, we look to work
with GRC to expand our capabilities, deliver even greater value to
our clients, and extend our protection services into new
communities."
Mark Fenner, a GRC Market
Ambassador with operating experience across multiple industries,
helped identify this opportunity and has joined Citadel's board.
Fenner said, "The synergy between Citadel and GRC will unlock new
opportunities for innovation and growth. I am proud to be part of
this journey."
Ryan Sprott, Managing Partner at
GRC, expressed, "We are incredibly excited to partner with Justin
and Todd on Citadel's mission to protect people and property. The
company offers a customized, cost-effective solution that addresses
the unique needs of its clients across a variety of sectors. Our
collaboration will help them quickly reach and protect more
communities while maintaining high-quality service levels to their
clients."
About Citadel Security
Citadel Security provides manned guarding, event security, and
patrol services to customers in the government,
utilities/infrastructure, healthcare, and retail/residential end
markets, among others. Learn more at citadelsecurityusa.com.
About Great Range Capital
Great Range Capital, a private equity firm based in greater
Kansas City, primarily targets
equity investments in Midwestern companies with revenues ranging
from $20 to $150 million. Learn more at
greatrangecapital.com.
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SOURCE Great Range Capital