Tabor Correctional Institution Debuts Addition
TABOR CITY, N.C. — An addition to the recently opened Tabor Correctional Institution in Tabor City was completed earlier this year with inmates moving in this past February.
ierra Detention Systems
Cornerstone Detention to Acquire Norment
HUNTSVILLE, Ala. — Cornerstone Detention Products announced on April 9 that it has signed an agreement to acquire the Norment Security Group from The Gores Group, a Los Angeles‐based investment firm. Financial terms of the transaction have not yet been disclosed.
Read MoreExclusive with Charles Veniez
President and CEO of Norment Security Group
DENVER — Charles Veniez may be the new kid on the block when it comes to the correctional industry, but he is already showing tremendous leadership as the new president and chief executive officer (CEO) for Montgomery, Ala.-based Norment Security Group, a part of the Gores Group portfolio of companies.
Read MoreNorment Security Group Celebrates 60 Years
MONTGOMERY, Ala. — Norment Security Group, a detention systems products and services provider and part of the Gores Group, celebrated the 60th anniversary of its founding.
Read MoreNorment Acquires Engineered Control Systems
MONTGOMERY, Ala. — Detention equipment contractor Norment Security Group continued its recent strategy for expanding market presence with the acquisition of security and life safety electronics manufacturer and integrator Engineered Control Systems.
Although the terms of the deal were not disclosed, the acquisition of Engineered Control Systems enhances Norment’s product offerings and market presence, particularly in fire alarm systems segment of the market.
Norshield Splits from Norment Security
MONTGOMERY, Ala. — Norshield Security Products separated from affiliates Norment Security Group and Fiber Sensys after Norshield leadership engineered a management buy-out from parent company Compudyne.
The deal, which was structured as a stock sale and announced in December, initiated a complete separation of Norshield from CompuDyne and all its affiliated companies. The Norshield management team acquired the company with the backing of Minneapolis private-equity group Spell Capital Partners.
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