GardaWorld’s CEO and Founder, Stephan Crétier, highlighted how the acquisition aligns with the company’s growth strategy in the security industry
GardaWorld Security Corporation announced today its agreement to acquire Stealth Monitoring, a move that will significantly enhance its video monitoring capabilities. The acquisition is expected to combine the strengths of both companies, bringing together advanced technology and extensive expertise to deliver improved security solutions to clients.
GardaWorld’s CEO and Founder, Stephan Crétier, highlighted how the acquisition aligns with the company’s growth strategy in the security industry. “With decades of experience in mobile and fixed video monitoring, we see Stealth Monitoring as a highly complementary business to our existing global champion businesses and as an opportunity to establish an unrivaled North American leadership in mobile and fixed video monitoring,” Crétier said. He expressed enthusiasm about collaborating with Stealth Monitoring’s team, who share GardaWorld’s focus on innovation and value creation.
Stealth Monitoring, known for its state-of-the-art video monitoring services, employs around 2,000 staff across 40+ offices and operates eight advanced video monitoring centers. Its CEO, Max Baigelman, spoke about the company’s commitment to advancing commercial video monitoring across North America. “Our goal has always been to anticipate our clients’ needs and continuously deliver the right solutions. GardaWorld shares our winning mindset and an incredible track record for elevating companies and operations in the security industry,” Baigelman said.
Erik Mikkelsen, President and CRO of Stealth Monitoring, echoed this sentiment, emphasizing how the merger will accelerate Stealth’s growth. “We’re looking forward to joining forces to continue Stealth’s expansion,” Mikkelsen added.
The acquisition, pending regulatory approvals, is expected to close in the fourth quarter of this year. Both companies are optimistic that the merger will lead to enhanced service offerings in the security industry, particularly in the field of video monitoring.
