September 27, 2013- American Defense Systems, Inc. (ADSI) announced today that it entered into a definitive agreement with the equity holders of American Physical Security Group, LLC (APSG) pursuant to which it acquired 100% of APSG’s equity interests and issued certain ADSI securities to the APSG equity holders as consideration.
APSG adds a myriad of complementary products and technology that ADSI believes will help the company accelerate its leadership in the physical security industry. APSG’s line of forced entry ballistic resistant (FEBR) products is also expected to accelerate ADSI’s engineering efforts in markets around the world.
ADSI’s Chief Executive Officer, Dale Scales, said: “The acquisition of APSG means ADSI can continue to expand its strong engineering capabilities with innovate products that serve our customers throughout the world.”
ADSI plans to have APSG continue to operate under its own brand name. The leadership and management team of ADSI, with their expertise and experience, plan to work to maximize the synergies of ADSI and APSG in order to give ADSI investors the maximum return on investment.
About ADSI American Defense Systems, Inc. (ADSI) develops and manufactures security applications for the physical security industry. The company designs, fabricates, and installs transparent and opaque armor, security doors, windows, and curtain wall systems. ADSI serves the US Defense, military, government, and other business sectors throughout the world.
About APSG American Physical Security Group (APSG) provides a complete line of Anit-Ram vehicle barriers as well as forced entry ballistic resistant and blast mitigation doors, louvers, security stations, and windows. APSG’s products are in major commercial, financial, and industrial centers, as well as military bases and embassies throughout the world.
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