Midstate Security celebrates 10 years under new ownership

2 months 2 weeks ago
Company doubles in that time, sees 25 percent growth rate the past few years Paul Ragusa Wednesday, August 9, 2017

WYOMING, Mich.—Midstate Security has seen significant growth over the past 10 years, since Dave Nemmers and his partner purchased the business from Johnson Electric.

The company, founded in Grand Rapids, Mich. in 1981, was in Grandville when purchased by Nemmers, who moved the company five years ago to a new building here. Since taking over the company, Nemmers said that Midstate has doubled in size in terms of topline revenue and has grown to 78 employees from 46, with many of the original employees still at the company.

SalesMarines to help PSA members hire US veterans

2 months 2 weeks ago
SSN Staff Wednesday, August 9, 2017

WESTMINSTER, Colo.—PSA recently announced a partnership with Matterhorn Consulting to enable PSA members to hire military veterans.

The Veteran Hiring Program, SalesMarines, is a new service from Matterhorn Consulting that helps veterans from the United States military find employment, matching up employers’ needs with veterans’ skill sets. The team is led by Paul Boucherle, a Marine Corps veteran who served during the Vietnam War. His first-hand experience with the military has motivated him to help veterans transition their military skills into the civilian workplace.

Interface Security Systems closes on $600m refinancing for new capital structure

2 months 2 weeks ago
Funding to accelerate growth, double data center capacity within one year Paul Ragusa Monday, August 7, 2017

ST. LOUIS and PLANO, Texas—Interface Security Systems on Aug. 3 announced the completion of a $600 million refinancing for a new capital structure that will facilitate strategic growth and expansion, with substantial contributions of new growth equity capital of $125 million from SunTx Capital Partners and Prudential Capital Partners.

ADS purchases ERMC Security Solutions

2 months 2 weeks ago
Deal enhances the company’s Chattanooga branch Spencer Ives Monday, August 7, 2017

NASHVILLE, Tenn.—In a deal finalized on Aug. 3, ADS Security purchased ERMC Security Solutions’ account base, bringing more than 600 accounts under ADS’ Chattanooga branch.

“This is very much in-line with many of the fold-in acquisitions that we do. It helps us to build our presence in important markets,” ADS Security’s president and CEO John Cerasuolo told Security Systems News. “We’re already a very significant player in Chattanooga. This gives us the opportunity to extend that reach through these additional customers and then leverage those additional customers for referrals and growth opportunities beyond.”

LifeShield acquired by Hawk Capital Partners

2 months 3 weeks ago
The DIY company tripled its subscribers under former ownership of DIRECTV Spencer Ives Wednesday, August 2, 2017

LANGHORNE, Pa.—LifeShield, a DIY installed and professionally monitored security solution, was acquired by Hawk Capital Partners, the firm announced on July 27.

Hawk Capital appointed David Tanzer as the company’s CEO. “My previous experience involved working in several other sectors where direct-to-consumer customer acquisition was critical to the success of the company,” he told Security Systems News. Tanzer served as either the president or CEO for The Noodle Companies, GT Brands and Primedia Consumer Magazines.

LifeSheild’s sale to Hawk Capital Partners was finalized in May, according to Tanzer.

NorthStar opens affiliate program

2 months 3 weeks ago
Company seeks dealers for the first time in its 17 year history Spencer Ives Wednesday, August 2, 2017

OREM, Utah—Home security and automation company NorthStar recently announced its new Authorized Affiliate Funding Program.

“It's a traditional dealer funding program where we work with independent, licensed companies that originate contracts and do the installation for NorthStar,” Nick Perry, vice president of business development at NorthStar, told Security Systems News. “We are very aggressive on up-front multiples, we also have a very aggressive residual, and an equity program.”

Jeremy Brecher appointed CTO of Securitas North America

2 months 3 weeks ago
In his new role, Brecher will lead the development of next-generation cloud services Paul Ragusa Wednesday, August 2, 2017

PARSIPPANY, N.J.—Securitas, a global knowledge leader in security based here, announced on Aug. 1 that Jeremy Brecher has been promoted to chief technology officer and has become a member of the Securitas North America Division Management Team.

As CTO, Brecher's new role will focus on customer-facing technologies across all business lines in the United States, Canada, and Mexico, including cloud-based customer portals, data analytics and artificial intelligence (AI) technologies. He will be championing the development of the next generation cloud, security-as-a-service (SaaS) and managed customer services for Securitas.

Umbo Computer Vision partners with PSA Security Network

2 months 3 weeks ago
Company to offer its AI platform to PSA’s systems integrators at a reduced cost Paul Ragusa Wednesday, July 26, 2017

SAN FRANCISCO—Umbo Computer Vision, an artificial intelligence company building autonomous video security systems for businesses and organizations based here, on July 20 announced a new partnership with PSA Security Network, a security and systems integrator cooperative.

Huron Capital’s Sciens Building Solutions acquires again

2 months 3 weeks ago
Sabah International now third company added to ExecFactor Platform SSN Staff Wednesday, July 26, 2017

DETROIT—Huron Capital, an operationally focused private equity firm based here, on July 20 announced its fire detection and security services ExecFactor platform, Sciens Building Solutions, has acquired Pleasanton, Calif.-based Sabah International Inc. 

“We think Sabah is a great addition to the Sciens platform,” Terry Heath, Sciens CEO, said in the announcement. “Sabah gives us a meaningful presence on the West Coast, with an impressive customer list and a strong reputation in the market.”

Oaktree Capital Management buys My Alarm Center

2 months 4 weeks ago
Company to improve organic and acquisitive growth channels Spencer Ives Wednesday, July 26, 2017

NEWTOWN SQUARE, Pa.—My Alarm Center, a national home security and automation provider based here, was recently sold to global investment firm Oaktree Capital Management, headquartered in Los Angeles. The deal closed on July 14.

“We kicked off an effort to recapitalize the business about a year ago, looking to strengthen our financial position, our balance sheet, and give us a better opportunity to grow our business,” Amy Kothari, My Alarm Center’s president and CEO, told Security Systems News. The company ultimately decided to seek an “infusion of new cash equity and a complete refinancing of our debt.”

Owen security makes fifth purchase in 12 months

2 months 4 weeks ago
Company expands in its footprint by acquiring ACS Security-Rome Spencer Ives Wednesday, July 26, 2017

CALHOUN, Ga.—Owen Security Solutions, a regional alarm company based here, recently completed the largest acquisition in the company’s history, adding on more than 1,700 accounts when it purchased ACS Security-Rome.

“This is the most exciting acquisition we’ve done so far,” Justin Owen, company president, told Security Systems News. “[ACS] is somebody we’ve actually competed against for the last 15, 20 years. It’s always been a respected competitor.” The deal was finalized on July 18.

Ascent Capital Group names new CFO

3 months 4 days ago
Fred Graffam will become CFO of Ascent and its wholly-owned subsidiary MONI Spencer Ives Wednesday, July 19, 2017

ENGLEWOOD, Colo.—Ascent Capital Group, MONI’s parent company based here, announced yesterday that Fred Graffam will succeed Michael Meyers as Ascent’s CFO as well as MONI’s CFO.

Graffam told Security Systems News that he will be overseeing regulatory filings from a finance perspective and “Making sure that the accounting systems and control environment at the company remain strong, as it is now. And then, from that perspective, it’s really a focus on making sure that the initiatives of the company are being properly funded, that resources are being allocated in a way that makes sense.”

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