$1Mfor 10%
Protein Candy
Valued at $10M
The pitch
Nathan Alexander and Ernie Calixto from Winnipeg, MB, pitched AC Security in Season 19, Episode 3, asking the Dragons for $350K for 8% of the company.
- Asked for$350K for 8%
- Valuation$4.38Mimplied by the ask
- OutcomeNo deal
Offers in the Den
| Dragon | Offer | Result |
|---|---|---|
| Brian Scudamore | Not seeing differentiation from established competitors like Paladin Security, company posted a loss in its third year | Out |
| Manjit Minhas | No unique value proposition, service-based business is hard to scale | Out |
| Wes Hall | Sector is tough to compete in and will require a lot of capital | Out |
| Arlene Dickinson | Concerned about cash burn from building technology in-house | Out |
| Michele Romanow | Does not see real innovation in the technology to justify a venture investment | Out |
Nathan Alexander and Arnie Calixto, from Winnipeg, Manitoba, pitched AC Security, a security guard staffing company with a proprietary mobile app for booking and scheduling guards, seeking $350,000 for 8%. The company has about 398 employees on payroll and operates only in Manitoba, with revenue of $150,000 three years ago, $959,000 two years ago, and $1.6 million last year, though it posted a $150,000 loss last year due to investment in technology, retraining and new management.
Brian Scudamore went out, questioning how the business differed from established competitors like Paladin Security and noting the recent loss. Manjit Minhas and Michele Romanow both went out, saying the software was not a genuine innovation and the core business was a hard-to-scale service. Wes Hall went out citing the difficulty and capital intensity of the security sector, and Arlene Dickinson went out over concerns about cash burn from in-house technology development. There was no deal.
Pitch details from CBC’s Dragons’ Den pitch page.
AC Security today
- StatusIn businessLast checked September 2026
AC Security is still operating and sells through its website.