Hyperion-backed Ranger has acquired Centurion Fire and Security, continuing its aggressive expansion strategy across the security services sector. The deal represents the firm's second transaction this year and demonstrates private equity's growing appetite for fragmented security markets where consolidation opportunities abound.

The purchase aligns with Ranger's playbook of rolling up regional providers since its 2024 launch. Parent firm Hyperion specializes in building sector-focused platforms, having previously orchestrated similar buy-and-build strategies in industrial services. This marks Ranger's latest move to establish national scale in fire protection and electronic security services.

Deal terms remain undisclosed, but the acquisition follows Ranger's pattern of targeting established regional operators. Centurion brings local market expertise that complements Ranger's existing geographic footprint. Private equity firms have deployed nearly $12 billion into security services since 2020, per industry reports.

Quick Fact: Ranger’s 15th acquisition since launching in early 2024 and the second of 2026.