ENGLEWOOD, Colo.—Monitronics will have more than 600 dealers and 1 million accounts when it completes the $487 million acquisition, announced today, of super-regional security company Security Networks, the 14th largest residential alarm monitoring company in the United States.
NEW YORK—The purchase of Worldwide Security by Novidam Capital Partners is the latest example of a “search fund” acquisition deal, a specialized finance model that brings entrepreneurs into the security industry.
YARMOUTH, Maine—Valuations, at least for smaller security deals, were generally higher in 2014 compared to 2013. That is one area of agreement among three security finance and investment experts who participated in a Security Systems News virtual round table.
The PERS market has become somewhat notorious for its lack of acquisition activity, a surprising reality given the demographic trends in America that appear to favor such a market.
ST. LOUIS—The Edmonds Group in April announced the initial closing under a $30 million program to purchase subprime security alarm accounts from one of the nation’s largest alarm companies.
PEBBLE BEACH, Calif.—A developer of Internet-enabled life safety products is teaming up with a central station software provider to bring what it’s calling “everywhere security” to alarm monitoring.
Some intriguing financial news out of the Monitronics/Ascent Capital camp. Ascent Capital Group’s largest direct stockholder, media mogul John Malone, recently sold half his preferred shares—worth $32.7 million in cash—back to the company, according to a news release from Ascent Capital.
