Malvern Security Firm Bought For Undisclosed Amount​

MALVERN, PA – A Malvern-based security firm has been bought for an undisclosed amount, according to a release from the company.

3SI Security Systems has been acquired by LLR Partners, a Philadelphia-based private equity firm.

The company did not say how much the deal was worth.

However, Philly.com reports that LLR bought the company from Stirling Partners, a British investment firm that paid $93 million for 3SI Security Systems back in 2006.

The company's products combat crime through various technologies, including GPS tracking, dye and ink staining, and gas neutralization, with specialized products for the financial, retail, cash-in-transit, and law enforcement markets.

"For more than 45 years, 3SI has helped create a safer world by protecting and recovering stolen cash and other high-value assets and stopping criminals," Todd Leggett, CEO of 3SI Security Systems, said in the acquisition announcement. "I am excited to build on our success in the financial services and retail markets, and to continue our momentum with LLR as our strategic partner. They bring highly relevant experience, an extensive talent network and deep knowledge in the security sector to 3SI in support of our next phase of growth."

Philly.com reports the company employs about 48 at its corporate office and Global GPS Tracking Support Center in Malvern and about 167 people total in North America.

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