Parsippany, New Jersey (July 31, 2014) – 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.
“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.