Kastle takes majority stake in Mich. security business

Kastle Systems, a Falls Church security solutions company, has taken a majority stake in i2G Systems, a Michigan-based electronic security service provider firm. Kastle did not clarify the amount of the investment.

“Kastle’s strategic investment in i2G — a majority stake — is the largest investment in our company’s 50-year history,” Kastle CEO Haniel Lynn said in a statement Wednesday. “i2G’s existing owners and management continue to have significant ownership in the business, ensuring a shared vision for the future.”

In an announcement distributed last week, Kastle, best known for developing security cards and systems for employees in office buildings, stated that making what it described as a “strategic investment” in i2G, which has an office in Sterling, will strengthen its ability to deliver security solutions for high-risk facilities like data centers and will broaden the company’s technology capabilities.

“This strategic investment reflects Kastle’s commitment to continued expansion into fast-growing, high-security end markets looking for the most advanced technology solutions,” Kastle Chair Mark Ein said in a statement. “i2G’s rapid growth and reputation amongst their customers for best-in-class execution and service excellence are well-earned.”

An investor, entrepreneur and minority owner of the Washington Commanders, Ein purchased Kastle in 2007.

i2G, which was founded in 2013, will operate independently, with support from Kastle’s expertise and infrastructure, according to the announcement.

“Kastle provides an exciting opportunity for our team and customers to grow while upholding our high standards of service and execution,” i2G CEO Jason Slocum stated.

Founded in 1972, Kastle’s security solutions are used at 3,600 properties and 41,000 businesses across the United States and Australia.