The PSR: Week of May 2nd, 2022

Trackforce

May 5, 2022 · 8 min read

The PSR physical security news rundown, Episode 3, week of May 2, 2022

Hi friends – Tim Lozier here.

This week’s security rundown is a rapid-fire take on some of the current movement happening in the physical security industry space. We’ll look at key topics and add our quick looks Jeff DiDomenico and I will once again try to keep it under 5 minutes. Will we make it? Tune in to find out.

Key takeaways

The PSR covers physical security news in about five minutes.
In Episode 3, Tim Lozier and Jeff DiDomenico react to five stories from the week of May 2, 2022.
Private equity keeps betting on security guarding.
The HSS and Tarian Holdings merger signaled continued investor confidence in guard firms.
Private patrol is opening new markets.
Neighborhoods hiring their own patrols point to growth for security firms that can prove their service.
Officer safety and training carry real consequences.
An OSHA citation put the spotlight on safe working conditions and well-built training programs.
Proof, safety and data are the common thread.
TrackTik helps security firms verify patrols, protect lone workers and run on the numbers clients and investors want to see.

Episode 3: The Revenge of the Market Merge and Basketball Dreams

HSS and Tarian Holdings Merge: We’re looking at another example of private equity investing in the security guard market, with HSS joining forces with Tarian Holdings. The takeaway is the growth and promise of a return that this industry is commanding, and we expect this can only mean good things for our future and continued market valuation of our physical security guard firms.
Private Policing on the Rise? Something that we saw recently is a growth in the rise of private policing with security firms now working in these communities to help mitigate crime risk in wealthier neighborhoods. We’ve seen this not just in Chicago (where the article originated), but all over the country as another potential market opens up for the security guard industry.
OSHA violation on Safe Workplace and Training: OSHA recently cited an organization for not promoting a safe and healthy environment that led to an unfortunate event for an officer. Moreover, this now puts a spotlight on the need for proper working conditions and the importance of building successful training. Our Thinkcurity webinar with Intellum touches on the need for security officer training, and making training plans that keep officers and their clients safe.
Amazon Reporting Lower than Expected Earnings, overstaffed: We just saw the earnings report from Amazon which came as a surprise to many, but moreover the over-hiring of workers and potential strikes. This may present an opportunity for security guard firms looking to recruit and hire in the wake of Amazon’s missteps. Is this a viable job pool for security officers?
NBA Guard displays Exemplary Behavior: We loved this story because it shows the positive outcome of a properly trained and diligent security officer. Their situational awareness and quick action led to an apprehension that was efficient and harmless to the protester or stadium attendees. We need to see more stories like this one that puts the positive spotlight on security officers. I hope we get to see more stories like this in the future.

That’s this week’s rundown. Stay tuned for more rundowns as we jump on the topics of the week and try to get it done in 5 minutes…. Sort of.

Take care,

Tim

What These Stories Mean for Security Leaders Today

The headlines in this episode are from 2022, but the trends behind them still shape how security companies grow, hire and protect their people. Here is how to put each one to work.

Consolidation rewards operational maturity

Private equity interest in guarding companies is a reminder that well-run firms are valuable firms. Buyers and lenders look for clean, provable numbers: margins by contract, scheduling efficiency, client retention and incident trends. Firms that run on TrackTik business intelligence and a connected back office can produce that picture on demand instead of rebuilding it from spreadsheets.

New patrol markets need proof of service

Neighborhood and community patrol contracts are only as strong as the evidence behind them. Residents, boards and associations want to know the patrols actually happened. TrackTik mobile patrol gives you live visibility into every patrol run and detailed, customer-ready reports, which also makes it easier to win community association proposals.

Officer safety is a legal and moral obligation

Security employers carry the same duty as any other employer. Under the General Duty Clause of the Occupational Safety and Health Act, a workplace must be free of recognized hazards that are likely to cause death or serious harm. In practice that means documented training, clear post orders and a reliable way to reach officers who work alone. TrackTik people management includes lone-worker check-ins and emergency alerts alongside certification tracking. For more ideas, see how to keep security guards safe.

Recruiting from adjacent labor pools

Slowdowns in warehousing and logistics can put shift-ready workers on the market. People used to structured schedules, safety rules and physical work often transition well into security roles, especially when onboarding is fast and organized.

Training shows up when it matters

The stadium story is the payoff of good training: an officer who stayed calm, read the situation and resolved it without harm. Those moments are built long before they happen, through consistent training, realistic post orders and supervisors who reinforce the basics.

Put these lessons to work with TrackTik

TrackTik brings scheduling, patrols, incident reporting, officer safety and business intelligence into one platform, so your firm can prove its value to clients, protect its people and show investors a business that runs on data.

Book a TrackTik demo

More Episodes of The PSR

Catch up on the rest of the Physical Security Rundown series:

The PSR Podcast: The Latest in Physical Security: the series introduction from Tim Lozier and Jeff DiDomenico.
The PSR: Week of April 18th, 2022: Episode 2, on robots, cannabis security and sports.
The PSR: Week of May 23rd, 2022: covering GPS guard tracking and more.
The PSR Episode 5: What’s Next for Physical Security?

Frequently Asked Questions

The Physical Security Rundown (The PSR) is a short video series from Trackforce in which Tim Lozier and Jeff DiDomenico react to the week’s physical security news, aiming to cover several topics in about five minutes.

Guarding offers recurring contract revenue, a fragmented market that is ripe for consolidation and steady demand. Investors favor firms that can prove strong margins, client retention and efficient operations with real data, which is exactly what TrackTik business intelligence surfaces through real-time dashboards and customizable reports.

Private policing usually means a neighborhood, community or business hiring a licensed security company to patrol and deter crime alongside public police. Officers generally hold the authority of private security under state law, not police powers. Firms serving these contracts rely on tools like TrackTik mobile patrol to show clients exactly what was covered.

Like every employer, security companies must provide a workplace free of recognized hazards under the General Duty Clause, and follow any specific OSHA standards that apply to their sites. In practice that means assessing hazards, training officers, providing appropriate equipment and having procedures for officers who work alone. TrackTik people management supports this with certification tracking, lone-worker check-ins and emergency alerts.

Look at adjacent industries such as warehousing, logistics, hospitality and retail, along with veterans, employee referrals and local colleges. Fast, organized onboarding helps you convert candidates before another employer does, and TrackTik business administration keeps profiles, pay rates, documents and certifications in one place from day one.

TrackTik connects scheduling, patrols, incident reporting, payroll and invoicing, and business intelligence in one platform, so firms can deliver consistent service, prove it to clients and scale without adding back-office headcount. See TrackTik security operations or book a TrackTik demo.