YARMOUTH, Maine—Santa Monica, Calif.-based Ascent Media Corporation announced Dec. 17 it had bought Monitronics International, one of the largest third party monitoring companies in the U.S. with more than 650,000 accounts, in a deal worth $1.2 billion.
While many of the finer details of the deal are as yet unrevealed, industry observers have come forward to discuss the information made publicly available in a Dec. 20 Ascent investor call.
SANTA MONICA, Calif.—Ascent Media Corporation, a holding company based here, announced on Dec. 17 that it had agreed to purchase Monitronics International in a deal valued at $1.2 billion.
Prior to an Ascent investor call on Monday, Dec. 20, Monitronics president and CEO Mike Haislip told Security Systems News in an exclusive interview why he felt the acquisition was a sign of good things to come.
“We’re really excited about this because it brings a lot of stability having someone like Ascent behind us. It’s their first foray into security, but we think it’s a very good fit.”