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T&M Protection Resources Acquires Saar Bitahon, Ltd.

Acquisition makes T&M one of the Larger Security Firms in Israel

May 02, 2008

New York, NY — April 30, 2008 —T&M Protection Resources, LLC, a New York-based provider of  premium security and business intelligence solutions to leading corporate, institutional and private clients, is pleased to announce that it has completed its acquisition of Saar Bitahon, Ltd. (“Saar”), a well established, privately owned Israeli security services company headquartered in Jerusalem. The acquisition by T&M represented a cash transaction, the terms of which were not disclosed. The Saar management team, under Rami Bareket, President, will continue to run the operations of the Company.

Saar is a nationally recognized provider of security services to government and public institutions, property management, businesses and private customers. Saar also furnishes building janitorial and cleaning services under a separate division. With annual revenues of US$ 46 million, Saar employs over 2,500 people from branch operations located in Tel Aviv, Haifa, Jerusalem and Beer-sheva.

“From a global security perspective, we see T&M’s acquisition of Saar as an important initial step and entry into the dynamic Israeli security marketplace," said Robert Tucker, Chairman and CEO of T&M Protection Resources. “The Israelis continue to demonstrate leadership in combating terrorism with innovative solutions in both security services and systems technologies — which T&M will adapt and integrate into its other operations here in the United States,” Tucker added.  


About T&M Protection Resources, LLC
Established in 1981, T&M Protection Resources is headquartered in New York and  provides high level security, executive protection and explosive detection services, technical security systems and countermeasures and consulting services to leading corporate, institutional and private clients with special concentration in financial services, commercial property management, major sports franchises and organizations that are part of our nation’s critical infrastructure.   Through its Forensic Investigative Associates (FIA) division, T&M also offers expertise in corporate due diligence, fraud and forensic investigations, compliance monitorships, litigation support, and global intelligence services.  For more information, please contact T&M Protection Resources at 212-422-0000 or visit our website at www.tmprotection.com.

In November 2007, Pegasus Partners IV LP (“Pegasus”) became a minority partner of T&M. Pegasus is an affiliate of Pegasus Capital Advisors, LP, a private equity firm that manages close to $1.8 billion in assets through several private equity funds. The firm provides creative capital solutions to middle market companies across a wide variety of industries, with a particular interest in businesses that make a meaningful contribution to society by positively affecting the environment, contributing to sustainability and enabling healthy living. For more information, visit the firm’s website at www.pcalp.com.