Company Overview
Company Name: Argyle Security Inc. (ARGL)
Industry: Construction
Type: Public Company
Headquarters: 12903 Delivery Drive, San Antonio, Texas, 78247, United States
Company Size: 201-500 employees
Website: [http://www.argylesecurity.com](http://www.argylesecurity.com)
Business Description
Argyle Security Inc. (ARGL) is a computer software company primarily engaged in providing services and solutions within the physical electronic security industry. The company operates two main divisions:
1. Corrections Division: This division is the controlling entity for several business units including ISI, PDI, Com-Tec, and MCS. It is one of the nation's largest providers of detention equipment products, service solutions, and turnkey electronic security systems, featuring unique engineering competencies and proprietary software products.
2. Commercial Division: Consisting of MCS-Commercial Fire & Security and MCS Federal Systems, this division focuses on the commercial security sector, delivering turnkey electronic security systems to commercial and government markets.
Executive Leadership and Key Management Personnel
Chairman and Co-CEO: Bob Marbut
Chief Financial & Accounting Officer: Andrew Rogler
Senior Project Manager: Robert (Bob) Ahl
Field Project Manager: Timothy Thompson
Project Engineer II: Lee Mortenson (Stanley Blac)
Chief Financial Officer: Richard Watts
Former CEO & President: Sam Youngblood (resigned on March 30, 2015)
Historical Leadership Changes
- Sam Youngblood was the President of Argyle and later promoted to CEO before resigning in 2015. He has over 30 years of experience in the corrections industry.
- In 2010, Bob Marbut and several top executives resigned from their positions, with Bob Marbut transitioning from his role as CEO.
- Richard Watts joined as the Chief Financial Officer in 2010, bringing 18 years of experience in financial reporting and project accounting.
Recent Developments and Achievements
SOC 2 Type II Examination: Argyle has completed a SOC 2 Type II examination for security, availability, and confidentiality and undergoes annual audits to ensure compliance.
New Senior Vice President of Product: Anaid Chacón was appointed Senior Vice President of Product in July 2023, highlighting the company's focus on enhancing product leadership.
Board Security Advisors Announcement: Nicholas Arvanitis, Ofir Hanson, Diego Lapiduz, and Kurt Lieber were announced as security advisors, enhancing Argyle's posture in response to the evolving cyber environment.
Financial Overview
Funding & Investment
- Argyle Security has raised a total of $58.5 million, with significant investments driving growth and development within their core business areas.
- The company recently completed a funding round, specifically closing a $30 million investment aimed at bolstering the growth of its payroll connectivity platform.
Company Statistics
- Employee Base: Approximately 272 followers (active engagement on LinkedIn)
- Valuation: Details regarding specific market valuations can be referenced directly through Yahoo Finance and other financial statements portals like the SEC filings.
Location and Contact Information
Primary Address:
12903 Delivery Drive, San Antonio, Texas, 78247, United States
Contact Details:
Phone: (210) 495-5245 (TX), (212) 245-2700 (NY)
Additional Resources:
[http://www.argylesecurity.com](http://www.argylesecurity.com)
Competitor Profiling for Argyle Security Inc. (ARGL)
Overview of Argyle Security Inc.
Argyle Security Inc. (ARGL), headquartered at 12903 Delivery Drive, San Antonio, Texas, operates within the Construction industry, primarily focusing on security solutions. The company's estimated annual revenue is $14.9 million with a workforce of 57 employees. Notably, the company has seen a slight decrease in employee count by -2% over the last year. Argyle Security’s revenue per employee is approximately $261,000.
Key Competitors and Comparisons
1. Biggs Plumbing Co.
- Location: Austin, TX
- Revenue: $10 million
- Employees: 43
- Employee Growth: 8%
- Specialization: Both commercial and residential plumbing services since 1972. Notable projects include luxury apartments and high-rise condominiums.
- Website: [Biggs Plumbing](https://biggsplumbing.com)
2. TEAM MECHANICAL OF TEXAS
- Location: New Braunfels, TX
- Revenue: $14.1 million
- Employees: 54
- Employee Growth: 32%
- Specialization: High-quality HVAC repair and plumbing services, focusing extensively along the IH-35 corridor.
- Website: [Team Mechanical of Texas](http://tmechtx.com/)
3. Legacy Plumbing
- Location: Primarily serving North Dallas, TX area
- Revenue: $31 million
- Employees: 107
- Employee Growth: 20%
- Specialization: Comprehensive plumbing services for residential and commercial clients, focused on community impact and service excellence.
- Website: [Legacy Plumbing](https://legacyplumbing.net/)
4. Cooper General Global Services
- Location: Headquarters in La Vergne, TN and Doral, FL
- Specialization: Electronics recovery and refurbishment, repair and fulfillment services, serving diverse industries including telecommunications.
- Website: [Cooper General Global Services](https://www.coopergeneral.com/)
5. Southwestern Industrial Contractors and Riggers
- Location: El Paso, TX
- Revenue: $7.4 million
- Employees: 32
- Employee Growth: 0%
- Specialization: Industrial logistics, heavy hauling, crane rental, and comprehensive rigging services since 1920, with operations extending globally.
- Website: [Southwestern Industrial Contractors and Riggers](https://southwesternindustrial.com/)
Market Position and Strategic Insights
Argyle Security Inc. (ARGL) stands with moderate revenue figures and slight decline in workforce, suggesting potential internal structural changes or market pressures. Comparatively:
- Biggs Plumbing Co. shows stable growth and a robust market presence in Texas with extensive experience dating back to 1972. Their broad service offerings in both commercial and residential markets make them a formidable local competitor.
- TEAM MECHANICAL OF TEXAS has demonstrated a significant employee growth of 32%, indicating rapid expansion and potentially aggressive market capturing strategies within HVAC and plumbing services along the IH-35 corridor.
- Legacy Plumbing significantly outpaces Argyle in terms of revenue and workforce, highlighting their stronghold in the North Dallas area with a focus on residential and community-centric services.
- Cooper General Global Services’ niche in electronics recovery and refurbishment diversifies the competitive landscape, intersecting with technical service demands that might overlap with Argyle’s security solutions.
- Southwestern Industrial Contractors and Riggers offers a more specialized service profile, catering to heavy industrial logistics and rigging, though with lower revenue, their service expertise and long-term industry presence since 1920 can prove advantageous in complex project scenarios.
