Prominent Memphis businessman & philanthropist Ira Lipman dies at age 78

Local News

MEMPHIS, Tenn. ( – Former Memphian, Ira A. Lipman, died Monday, September 16, 2019, in New York City at age 78. Lipman, a prominent Mid-South businessman and humanitarian, founded private security firm Guardsmark.

Lipman reportedly had been recently diagnosed with cancer. Funeral arrangements have not been made, but they are expected to be held in New York. A memorial is also expected to be held in Memphis.

The Little Rock, Arkansas, native founded Memphis-based Guardsmark in 1963. It was bought by Universal Protection Service four years ago. Lipman kept a home and office in Memphis after moving to New York.

In 2018, Columbia University announced the Ira A. Lipman Center for Journalism and Civil and Human Rights. (Read more about Lipman at Columbia University HERE.)

The University of Memphis’ Barbara K. Lipman early childhood education center is named for his wife.

Lipman is survived by wife Barbara and sons Gustave, Joshua, and Benjamin.

Read more about Ira Lipman HERE.

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