Chantilly’s CTSI acquires Fla. security firm
Star Asset Security provides physical security, IT and cyber security solutions
Chantilly-based technology firm Corbett Technology Solutions Inc. (CTSI) announced Tuesday it had acquired Orlando, Florida-based risk, resilience and security services provider Star Asset Security.
Financial terms of the transaction were not disclosed. CTSI is a portfolio company of Chicago-based private equity firm Wind Point Partners. The transaction is CTSI’s sixth acquisition since it was acquired by Wind Point in June 2020. In a news release, CTSI said it would continue focusing on acquiring companies providing communications, life-safety, nurse call and security solutions.
“Star Asset Security continues CTSI’s strategic growth by greatly expanding our security integration footprint and strengthening our cyber security capabilities,” Nathan Brown, managing director at Wind Point, said in a statement. “We are thrilled to partner with the entire Star team as we continue building out the CTSI platform.”
Founded in 1993, Star offers cloud-based physical security, IT and cyber security solutions and provides managed services out of its network operation center. Star has 160 employees and eight offices in the central and southern U.S.
“Star Asset Security is really excited to join the growing CTSI business,” Roger Hirschy, executive vice president at Star, said in a statement. “Our collective culture and vision, combined with our strategic focus on enhanced managed and subscription services, align perfectly with CTSI.”
Founded in 1969, CTSI provides audiovisual, communications, collaboration and security solutions for enterprise, government, health care and educational customers.