BearCom Taps Siris Partner as Interim CEO in Strategic Security Push

GARLAND, TX – February 25, 2026 – BearCom Group, Inc., a major North American integrator of communications and security solutions, today announced a significant leadership transition, appointing Executive Chairman Hubert de Pesquidoux as Interim Chief Executive Officer. He steps in for outgoing CEO Les Fry, who will transition from the role he has held for four years to continue serving on the company’s Board of Directors.

The move signals a deliberate strategic alignment under the ownership of private equity firm Siris Capital, which acquired BearCom in early 2024. The company confirmed that its Board of Directors will now initiate a formal process, engaging an executive search firm to identify both internal and external candidates for the permanent CEO position.

A Strategic Hand at the Helm

Hubert de Pesquidoux is no mere caretaker. As an Executive Partner at Siris Capital since 2012 and BearCom’s Executive Chairman since April 2025, his appointment places a seasoned telecommunications veteran with deep financial and operational expertise directly at the company's controls. His extensive background includes a 21-year career at Alcatel-Lucent, where he held numerous senior roles, including Chief Financial Officer and President of its Enterprise Business Group.

His experience leading large-scale telecommunications operations, including serving as CEO of Alcatel North America, aligns directly with BearCom's core business as the largest Motorola Solutions Channel Partner in North America. Furthermore, his active role at Siris Capital has seen him oversee significant transactions and serve in leadership capacities at other technology portfolio companies like Mavenir and PGi. This background suggests his interim tenure will be focused on driving performance and strategic alignment.

"We see plenty of opportunity for BearCom and Stone Security to be the number one integrator in critical communications and physical security across North America," Mr. de Pesquidoux stated, underscoring the company’s ambitious goals. He emphasized a continued focus on "driving operational excellence, strengthening our strategic partnerships and building on our momentum in the wireless and security markets."

Building on a Foundation of Growth

The leadership change follows a period of significant evolution under Les Fry. During his four-year term as CEO, Fry was instrumental in steering the company’s strategic expansion into the security sector. This growth trajectory and market position were key factors that attracted the attention of Siris Capital, culminating in its acquisition of BearCom just over two years ago.

At the time of the acquisition, Fry had expressed enthusiasm for leveraging Siris’s resources to scale capabilities and pursue acquisitions in key growth areas like video security and private mobile networks. The groundwork laid during his tenure is now the foundation upon which de Pesquidoux and the future CEO will build.

"It has been a privilege to serve as BearCom's CEO over the past four years," said Mr. Fry, who will provide continuity through his board seat. "Having worked closely with Hubert this past year, I know BearCom will be well-positioned under his leadership for continued success."

Mr. de Pesquidoux acknowledged Fry's contributions, noting his important role in "advancing BearCom's security business segment, expanding the Company's footprint into new market segments and driving strong customer retention."

Navigating a Converging Market

BearCom’s leadership transition is occurring within a dynamic and rapidly converging market for critical communications and physical security. The industry is moving swiftly beyond simple hardware installation toward integrated, intelligent solutions. Trends such as the infusion of Artificial Intelligence (AI) into video surveillance, the shift to cloud-based access control, and the growing demand for unified platforms that manage both physical and cybersecurity threats are reshaping customer expectations.

The North American physical security market is projected to see substantial growth, with some estimates predicting it will double in size over the next decade. This growth is fueled by the need to modernize legacy systems and the increasing complexity of security threats across sectors like government, transportation, and healthcare. For integrators like BearCom, the challenge is not only to keep pace with technological change but also to provide comprehensive, end-to-end solutions that deliver tangible improvements in safety and operational efficiency.

The decision to reinforce leadership with deep telecommunications and technology expertise underscores BearCom's intent to capitalize on these trends, particularly in leveraging its strong partnerships with industry leaders like Motorola Solutions, Axis Communications, and LenelS2.

The Private Equity Playbook in Action

The appointment of a Siris Executive Partner as Interim CEO is a classic move from the private equity playbook, signaling a hands-on approach to value creation. Siris Capital specializes in mature technology companies with mission-critical services, and its model often involves installing experienced operators from its own ranks to drive strategic initiatives and operational discipline.

By placing de Pesquidoux in the top role, Siris ensures its vision for BearCom is executed directly and efficiently during this transitional period. The decision to conduct a broad search for a permanent CEO, rather than promoting from within immediately, provides the board with the time and objectivity to find a leader with the precise skill set for the company's next phase. This likely includes a proven track record in scaling technology businesses, extensive M&A experience to drive consolidation in a fragmented market, and the strategic foresight to navigate the rapid convergence of communications and security technologies.

As the board begins its search, the industry will be watching closely to see who will be chosen to lead BearCom and execute on its ambitious plan to become the definitive leader in North American critical communications and security integration.