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.”
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.”
SAN FRANCISCO—Sciens Building Solutions, a provider of fire detection and security services based here, on July 13 announced that it has appointed Michael Dawid as its chief financial officer. In his new role, Dawid will report directly to Sciens CEO Terry Heath.
CAPE CANAVERAL, Fla.—SecureXperts, an information security technology and consulting firm, announced on July 17 that it’s partnering with PSA Security Network, a leading security and systems integrator cooperative, to offer cybersecurity consulting and vulnerability assessment services as part of PSA’s business solutions for cybersecurity partnership portfolio.
The PSA business solutions program for cybersecurity partners demonstrates its commitment to increasing cybersecurity awareness among systems integrators that support next generation network connected devices.
KNOXVILLE, Tenn.—Gallaher, a regional provider of commercial life safety and asset protection solutions based here, recently announced an increased focus on service and an expansion to its service and monitoring division.
The company is expanding its services by offering more cloud-based solutions. This fits companies that value security, but see cost as an inhibiting factor, according to Breck Ellison, COO of Gallaher.
BOCA RATON, Fla.—Red Hawk Fire & Security LLC, a leader in fire, life safety and security services based here, announced on July 11th the acquisition of security systems integrator Tele-Tector of Maryland (TTM).
“This is a big growth play for us,” Mike McWilliams, president and CEO of Red Hawk Fire & Security, told Security Systems News. “It really opens up the opportunity to bring the security capabilities TTM has to our fire customers and the fire capabilities that we currently have in that market to their security customers.”
ASPEN, Colo.—Mountain Acquisition Company, a holding company based here, recently announced the purchase of Western Security Systems, which is based in Steamboat Springs, Colo.
Western Security Systems has 1,300 accounts and about $43,000 dollars in RMR, Chris Heath, Mountain Acquisition’s CEO, told Security Systems News. This purchase brings MAC to more than $435,000 in RMR and nearly $12 million in annual revenue. The deal was finalized on May 4.
UNIONTOWN, Ohio—Securitas Electronic Security Inc. unveiled on June 27 its new Canada headquarters during a ribbon cutting ceremony and VIP facility tour for more than 70 guests, including customers, business partners and associates.
“We are excited to open our new Toronto, Canada facility. It is an important step in delivering upon our commitment to be the unparalleled security leader in Canada,” Tony Byerly, president of SES, said in the announcement. “The ideal customer experience comes from the alignment of people, technology and knowledge—and that is what we’ve delivered here at our new facility in Toronto.”
PHOENIX—Titan Alarm Inc., a commercial and residential security company based here, announced two acquisitions this week, which includes the purchase of accounts and customer bases of Post Security and CCS Systems.
The deal with Post Security, which was an RMR-only acquisition of about 100 accounts, closed on May 8th. The CCS Systems deal, which includes all five employees, the company's office in Tucson and approximately 800 accounts, closed on June 30th.
ATLANTA—U.S. Security Associates (USA), a full-service safety and security solutions provider based here, has announced that it is the first private security company to be an authorized reseller of the Sharp INTELLOS Automated Unmanned Ground Vehicles, and will be hosting exclusive demonstration events across the U.S. this summer.
CALHOUN, Ga.—Owen Security Solutions, a residentially focused company based here, received a $5 million senior revolving line of credit from Capital One, the financial institution announced today.
Justin Owen, company president, told Security Systems News that this funding will help the company expand organically and through acquisition. “This is going to allow us to have the ability to act quickly on an opportunity,” he said. “We’re excited about the potential out there.”
WEST PALM BEACH, Fla.—Security 101, a franchise-model commercial security company based here, will host “Unification Under the Digital Umbrella,” a seminar including presentations and live demonstrations on the latest security technology.
Security 101 has partnered with Genetec, Axis Communications, Briefcam and Shooter Detection Systems to sponsor seminars in Richmond, Va. (June 21), Edison, N.J. (June 27) and Salt Lake City, Utah (June 28). Representatives from each organization will discuss how to leverage and consolidate security system components to improve situational awareness within an organization.