Corporate History
Argyle Security, Inc. initially known as Argyle Security Acquisition Corporation was formed as a special purpose acquisition company, to build an integrated organization that will provide world-class physical electronic security solutions. Argyle Security was co-founded by Bob Marbut, Chairman and CEO and Ron Chaimovski, Executive Chairman. In addition to Marbut and Chaimovski, Argyle's founding Board of Directors included Gen. Wesley K. Clark and John J. (Chip) Smith. Recently, the Company has included additional Directors such as Lloyd E. Campbell and
Walter J. Klein.
Here are some further Company highlights:
- June 2005
Argyle Security, Inc., known initially as Argyle Security Acquisition Corporation, was formed as a Special Purpose Acquisition Company ("SPAC") with the vision of becoming a leading global security company in the physical electronic security sector.
- January 2006
Argyle’s IPO was completed, enabling it to begin a global search for its initial acquisition and one that best fit its clearly defined criteria for Argyle’s first transaction.
- December 2006
After investigating hundreds of target acquisition opportunities, Argyle's first transaction was announced – ISI Security Group, which management felt closely fit Argyle's acquisition criteria.
- July 31, 2007
The ISI transaction was successfully closed, with ISI Security Group becoming a wholly-owned subsidiary of Argyle Security, and all members of the ISI management team continuing in their previous roles. This event transformed Argyle from a SPAC into an operating company listed on the OTC Bulletin Board (ARGL). Argyle Security, Inc. officially welcomed ISI to the Argyle family.
- February 2008
Argyle Security, Inc. developed two divisions in the corrections and commercial sectors in February 2008 to be in an even stronger position to grow organically and to execute its strategy.
The two Divisions, which are Argyle Corrections Group and Argyle Commercial Security Group, bring their industry experience into the corrections and commercial markets in order to provide expert industry assistance to the Argyle Security. Inc.’s Business Units.
