HOUSTON--Infrastruct Security announced this week the acquisition of
Patriot Security Systems, in Beaumont, Texas, thereby planting a flag
in the area known as the "Golden Triangle," an area of Texas rich in
petrochemical plants. This continues Infrastruct"s goal, said chief
executive officer Dan Weiss, of obtaining a dominant position in the
regulated security market, particularly that market that must abide by
the recently passed CFATS regulations, which mandates security measures
at chemical facilities.
"This is something that"s affecting
7,000 chemical facilities," Weiss said, "and I"ve never done a facility
for less than half a million dollars. So say the average market rate is
$.5 million to $1.5 million--that"s a $3 to $7 billion market in the
next three years, that we now own the corner lot on. Sixty to 70
percent of that market is right here in our backyard." Infrastruct
headquarters are based here, and the company has in the last 18 months
acquired Dowley Security, Monarch Security, and Kimmons Security,
leaving it with offices in Phoenix; Tulsa and Oklahoma City, Okla.;
Lafayette, La.; and a number of smaller locations all geared toward
dominating the petrochemical vertical in the southern United States.
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Weiss called his current locations "triangle one." He said the company
is looking at expansion into areas including New Jersey, California,
even the Middle East. "We"re looking for partnerships," he said,
"forward-looking potential partners who can provide us with additional
manpower and capital."
Patriot Security brings 15 employees,
1,500 customers and a "nice piece of RMR," said Weiss, all of which was
being monitored by a third party, but will now be brought back to
Infrastruct"s central station. Most important, he said, "What they"re
bringing is the clients that are being impacted by CFATS; that"s the
thing that we got into. We probably have more clients that will be
impacted by CFATS than anyone in the United States."
Kent
Dillow, president of Patriot Security, will remain on board as general
manager of the Beaumont branch; Dillow"s wife Kim will continue to run
Patriot Security Ltd., a guarding operation. Weiss said he was
interested in collaborating with a guard firm like Patriot, but he
didn"t want to own one. "They"ll make a margin," he said, "when the
customer pays them $10 an hour. I don"t think I know how to do that."
CWReality | Security Experts TIM
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