Ackerman Security closes Georgia office, lays off employees after acquisition

The owner of Ackerman Security notified the state before selling the company to Las Vegas-based Intrusion Protection Systems. The brand will continue.

ATLANTA — Guardian of Georgia LLC, a group of private equity firms that previously owned Ackerman Security, sent the state a Worker Adjustment and Retraining Act notification letter in June saying it would lay off all employees, according to the Atlanta Business Chronicle.

Georgia Guardian sold Ackerman Security to Las Vegas-based Intrusion Protection Systems in July.

Intrusion Protection Systems, which does business as LivSmart Automation, will retain the Ackerman brand and has rehired about 25 of the laid off workers, including chief operating officer Nick Thomas. Ackerman CEO Richard Perry will retire.

In February, Ackerman sold half of its existing customer accounts to ADT in an all-cash transaction worth $73 million. Under the terms of the transaction, Ackerman joined ADT’s authorized dealer program.

LivSmart Automation is also an authorized ADT reseller. Thomas says ADT rehired about 35 of Ackerman’s employees.

The majority of roles affected would be call center reps, sales reps and service technicians, though these are also the jobs most likely to be rehired, Thomas notes. At one time, the office of about 300 employees.

Thomas believes the turmoil in the home security industry has impacted Ackerman’s business plan, particularly his reliance on the debt financing model. He says banks pulled out of the industry after Monitronics Int’l went bankrupt in 2019.

In 2018, ISS posted an in-depth look at the company after speaking with Perry, Thomas and several other executives. Click here to read the profile. The company was also named a finalist in the inaugural TMA/ISS Marvel Surveillance Technology Award.

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