Dunbar has finalized a deal to acquire assets from Trust Security Services to provide manned security services in Washington, D.C.
HUNT VALLEY, Md. — Dunbar Security Solutions, a provider of integrated manned and electronic security solutions for commercial properties across the Mid-Atlantic region, announced is has finalized a deal to acquire assets from Trust Security Services to provide manned security services in Washington, D.C.
With the acquisition, Dunbar adds new security officers and will assume certain contracts with two former Trust customers located in Washington, D.C, according to the company.
The new customers and employees will be managed out of the Dunbar DC Metro branch office in Greenbelt, Md., which opened in 2019 to serve the company’s growing customer base across the greater D.C. region and Virginia.
“When we opened the DC Metro branch of Dunbar last year, we made a commitment to expand our presence in the greater Washington region, and we are proud to announce this acquisition as our next step in this effort,” says Andrew Maggio, chief operating officer, Dunbar Security Solutions. “This deal not only allows us to plant a flag in D.C., but marks our entry into the acquisition market, which combined with our robust organic sales structure, has us in great position for future growth.”
Dunbar President and CEO Kevin Dunbar adds, “For generations, Dunbar has proudly been one of the foremost security providers in the Mid-Atlantic, and we are currently in search of value to further our growth. This acquisition significantly impacts our team’s ability, both operationally and financially, to pursue more aggressive expansion throughout the Mid-Atlantic region.”
Dunbar, who oversaw the sale of Dunbar Armored to Brinks in 2018, recently assumed sole ownership of both Dunbar Security Solutions and Dunbar Security Products, a manufacturer and provider of tamper-evident plastic bank deposit bags, banking supplies and cash management products.