How Private Equity Is Buying Up Security Guard Companies

Episode notes

Private equity has rolled up everything from dental clinics to parking lots. But the security guard industry - fragmented, low-margin, labor-intensive - was long seen as untouchable. This episode examines how firms like Sentinel Capital Partners and Alpine Investors are now consolidating contract security, buying mom-and-pop guard companies and rolling them into regional giants. Lucas and Luna break down the economics: 5 percent margins, 300 percent annual turnover, and the financial engineering that makes it work. They also discuss the risks - including what happens to wages and working conditions when private equity squeezes the spread between what the client pays and what the guard takes home. Plus: a look at how technology is reshaping the guard business, from AI surveillance to automated patrol. A rare inside look at a boring industry that touches every office building, hospital, and warehouse in America.

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