Unedited news and product information from vendors.
Monument Capital Group LLC Signs Deal with Vortex Systems LLC
Jun 23, 2010 (05:06 PM EDT)
WASHINGTON, June 23 /PRNewswire/ -- Monument Capital Group LLC (MCG) today announced the signing of an international distribution and equity acquisition agreement with Vortex Systems LLC.
Vortex Systems LLC (vortexsystems.us) is the principal supplier to the U.S. Border Patrol of unattended ground sensors (UGS). The Vortex sensors are primarily deployed on the U.S. Mexico border. Vortex, through its "Monitron" brand, produce, market and install UGS systems for the U.S. Department of Homeland Security, law enforcement, government agencies and private enterprise.
Monument Capital Group (monumentcapitalgroup.com) is a private investment and advisory firm headquartered in Washington DC. Founded by former Carlyle executive Robert Dunn and former White House Special Assistant Douglas Baker, MCG focuses on investments in the homeland security and defense sectors.
"Vortex has provided approximately 97% of all UGS systems along the US-Mexico border through its Monitron Systems brand. It is the primary UGS system deployed by the U.S. Border Patrol through DHS," said Dan Natal President and CEO of Vortex.
"We see a significant opportunity globally for Vortex's cost effective, proven security applications," Dunn said.
Monument Capital Group LLC will partner with Vortex internationally. MCG will focus on developing channel partner distribution capabilities for Vortex worldwide.
The agreement also outlines a structure whereby Monument Capital Group LLC can acquire up to 80% of the outstanding equity of Vortex Systems LLC.
The Monument Capital Group team boasts extensive domestic and international experience within its focused sector. Monument Capital Group benefits from the support of a hands-on Advisory Board that includes some of the top minds with extensive domestic and international experience to draw upon in understanding the intricate factors driving commercial and governmental growth globally. The Board includes: Former Secretary of State and former Treasury Secretary James A. Baker III, the Chairman Emeritus of the Carlyle Group and former Secretary of Defense, Frank C. Carlucci, Mustafa Koc, Chairman of Koc Holdings, Turkey's largest conglomerate and Thomas F. McLarty III, former White House Chief of Staff.
CONTACT: Gregory Keeley 202.661.7650
SOURCE Monument Capital Group LLC