Gemspring Capital to acquire Security 101.

Gemspring Capital, a private equity firm, completed the acquisition of a majority stake in Security 101, a provider of commercial security system solutions. Financial terms were not disclosed. "We are excited to partner with Gemspring during this next phase of growth and look forward to collaboratively pursuing the tremendous market opportunity ahead of us. This partnership puts Security 101 in a position to rapidly expand our footprint while continuing to provide national and local customers the security industry's finest customer service through our proven approach," Steve Crespo, Security 101 Founder and CEO.