Security Business

MAR 2014

Find news and information for the executive corporate security director, CSO, facility manager and assets protection manager on issues of policy, products, incidents, risk management, threat assessments and preparedness.

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Page 49 of 117

here is no doubt that Securadyne Systems is a company on the fast track; and Carey Boethel, its president and CEO, is the driv- ing force for this Fast50 standout. Securadyne, headquartered in Carrollton, Texas, is barely reaching its third birthday, yet it exploded out of the gate with nearly $70 million in revenue in its second year and is tied for #4 on this year's Fast50 — a 108-percent growth rate over 2012. Now at roughly 300 employees, the company just about doubled its number of employees from 2012 to 2013. Almost all of its business is in the commercial sector. Boethel was formerly vice president and busi- ness unit head for Siemens' Security Solutions busi- ness unit, where he earned a solid reputation by orchestrating a complete business turnaround and launching the company's managed services and integrated systems businesses. "The business plan and investment thesis for Securadyne was finalized in early 2011 and funding was secured in Q3 of that year," Boethel recounts. He founded the company in Sept. 2011 in part- nership with Pamlico Capital. The initial operat- ing platform, SecureNet Inc., was acquired five months later in Dallas. Securadyne started out with one employee and no revenues, but "today we have over 300 employees operating out of 16 branches with roughly $70 million in revenue," Boethel says. "Four key acquisitions over the last two years have provided us with an excellent operating construct, and our management team has worked tirelessly to hire and develop the tal- ent required to manage that growth and take the company to the next level." Behind the Growth You won't be alone if you are a touch envious of Securadyne's fast growth rate. "Our performance in 2012 was supported by both acquisitions and 48 | SD&I | March 2014 Carey Boethel is growing another winning security business Acquiring Secured Success By Curt Harler SD&I Fast50 Rank #4 (tie) T Carey Boethel, who founded Securadyne Systems in 2011, has overseen skyrocketing growth fueled by key acquisitions over the past three years. SDI_48-53_0314 Fast50 Securadyne.indd 48 3/5/14 1:38 PM

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