SERVICES group CSG Holdings, which has PSG Private Equity as a shareholder of reference, believes it will have a highly profitable security cluster when turnover for this initiative reaches R200m a year.CSG has recently tilted at smaller security firms, acquiring the monitoring and guarding business of 7 Arrows with the security installation and maintenance business of Cubed Systems in March. More recently, CSG acquired security group Recall Security.Speaking at the release of year-to-end-March financials on Wednesday, CSG CEO Pieter Dry said turnover in the security cluster was about R40m, but noted there were numerous opportunities in the fragmented domestic security sector."We think our security operations could snowball this year, which will be good for profitability, as these businesses tend to grow at 20%-30% a year and trade on high margins."CSG might look for opportunities in companies servicing the depressed mining and construction sectors, he said. "If we take a longer-ter...

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