SOS Security LLC Acquires Asset Protection Associates, Inc.
PARSIPPANY, N.J.--(BUSINESS WIRE)--SOS Security LLC (“SOS”), one of the largest security companies in the U.S., is pleased to announce the recent acquisition of Asset Protection Associates, Inc. (“APA”). Founded in 1992 and headquartered in Alpharetta, Georgia, APA specializes in loss prevention for a wide range of iconic domestic and international retail brands. APA has successfully provided loss prevention services including, uniformed protective services, mystery shopping and operational auditing to these organizations.
“I believe that SOS’s philosophy of dedication to their clients mirrors the values that APA has provided for the past 20 years.”
“We are very excited to have the opportunity to work with the management team of SOS and capitalize on their substantial resources throughout the U.S. and abroad. We look forward to the potential of expanding services to our clients as a result of our new partnership with SOS," said Bob Larkin, President of APA. Mr. Larkin further stated, “I believe that SOS’s philosophy of dedication to their clients mirrors the values that APA has provided for the past 20 years.”
Edward B. Silverman, SOS’s Chairman and Chief Executive Officer, stated, "APA is a clear-cut strategic fit for our company. Led by a talented and experienced management team, they have displayed consistent growth in the retail security and loss prevention market. APA’s focus on their customers’ needs is consistent with the SOS approach." Mr. Silverman continued, "APA’s expertise in servicing retail clients will complement our overall loss prevention service offering. We are pleased to have APA’s management team join SOS and continue to support the needs of their clients, delivering the same outstanding service levels they have come to expect."
The acquisition of APA will further support SOS’s commitment to providing professional loss prevention services to retail companies in the US and overseas.
About SOS Security LLC
Established in 1969, SOS has steadily grown to become one of the largest security companies in the U.S. SOS currently contracts out more than 5,000 security professionals domestically and internationally through foreign regional joint ventures. SOS offers its clients an integrated approach to security that provides a range of services and a proven level of reliability to meet each client’s diverse and specific needs.
SOS has built a reputation as an innovative leader in the security and protective services industry and a trusted business partner with an unsurpassed commitment to employee safety, asset protection and risk management. Unlike many security firms, the owners and senior management of SOS are directly involved in the day-to-day support of their clients. This approach, combined with SOS’s commitment to providing highly-effective, quality services predicated on best practices developed over the past 45 years, allows SOS to consistently meet and exceed its client expectations. As a result, SOS’s average client retention rate is approximately 18 years.
SOS’s primary business is to furnish various types of well-trained, highly qualified Security Officers that are specifically trained to perform security services required by a variety of business sectors, including: Technology/ Communications, Government, Embassies & Consulates, Public Utilities, Education Facilities/Campus Security, Hospitality/Leisure/Hotels, Retail/Shopping Centers, Media/Entertainment, Commercial/ Residential Real Estate, Pharmaceutical/Healthcare/ Hospitals, Manufacturing/ Warehouse/Distribution, Financial/Banking. SOS also provides Close Protection Operations for Fortune 1000 corporate executives and high-profile individuals around the world, as well as Investigative and Management and Consulting Services.
To learn more about SOS, go to http://www.sossecurity.com or call 800-SECURE-0.