DALLAS, Texas ? 3SI Security Systems, the world?s leading supplier of security staining systems for asset protection, has acquired U.S. Currency Protection Corporation.
According to a news release, the acquisition strengthens 3SI?s leading position in the dye-pack market and provides 3SI with a fully developed and market-ready GPS-based tracking technology. 3SI is a portfolio company of American Capital Strategies Ltd.
"The additional investment in 3SI illustrates our dedication to assisting in the growth of our portfolio companies," said American Capital COO Ira Wagner.
"Our ongoing relationship with American Capital allows us to grow and strengthen our leading position in the currency protection market," added 3SI CEO Thomas Oxenfeld. "With American Capital?s support of this acquisition, we will be able to provide our global base of customers with a transformational tracking product that will not only aid in the recovery of stolen cash, but also will increase the rate of criminal apprehension."
The combined companies, based in Exton, Pa., will have more than 150 employees in two U.S. facilities in Pennsylvania and Georgia and its European headquarters in Belgium. The united entity will serve a customer base of approximately 30,000 locations.
