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SAFE Security

SAFE Security gets $130m refi

 - 
03/04/2013

SAN RAMON, Calif.—A five-bank syndicate led by Bank of America has refinanced SAFE Security’s senior debt facility with a $130 million capital infusion, according to a company statement. The capital will be used toward the company’s growth strategy.

SAFE Security embarks on 'exciting new chapter'

It is growing its dealer program, expanding into DIY, bought 24,000 accounts from Pinnacle Security and has a new equity partner
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02/20/2013

SAN RAMON, Calif.—SAFE Security is offering a $10,000 bonus to dealers who sign up by the last day of ISC West this year, the company announced this week. 

SAFE Security expands into DIY, with help from Honeywell

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Wednesday, February 13, 2013

Wow! SAFE Security is really making news lately. First, it was acquired late last year by ICV Partners, a New York-based investment firm focused on lower middle-market companies.

Then, it announced earlier this month that it had just bought about 24,000 alarm monitoring accounts from Orem, Utah-based Pinnacle Security—a summer-model company the select assets of which Protection 1 recently purchased.

Now, SAFE announced today that it’s entering the DIY home security market by launching a new division, SAFE@home, that “allows homeowners to self install a Honeywell wireless security system with professional monitoring.”

Here’s more from a news release from the San Ramon, Calif.-based company, which has operations in 44 states:
 

SAFE Security, one of the nation’s largest security alarm companies has launched a new division, SAFE@home. This new division will enable a consumer to self install a wireless security system at their home with ease. This DIY home alarm system will include professional UL certified Five Diamond monitoring by SAFE Security and will not require a phone line. The home security system can be controlled remotely by a smartphone or tablet via Honeywell’s Total Connect. The system is available across the continental US.

“With an increased demand in the residential security market for a self installed alarm system coupled with increased technology that allows for a wireless security system to be setup in minutes, SAFE@home is well positioned to be a leader in the DIY security space,” said Paul Sargenti, SAFE’s President and CEO. “We’ve partnered with Honeywell to provide a state of the art wireless security system and will accommodate Wi-Fi for IP alarm communications. This will allow our customers to take advantage of being able to self-install their wireless security system. By enabling our customers to self install, they will save money by not requiring an alarm company to install the alarm system.”

Customers can select from 3 complete packages and add on additional hardware to best fit their needs.

I’ve reached out to Sargenti to learn more about all these developments. Look for more about SAFE Security on our site in the near future.

 

SAFE Security acquires 24,000 accounts from Pinnacle

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02/06/2013

SAN RAMON, Calif.—SAFE Security announced this week that it has acquired about 24,000 alarm monitoring accounts from Orem, Utah-based Pinnacle Security. The accounts represent $1.1 million of RMR, according to SAFE, which is based here.

SAFE Security acquired by ICV Partners

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12/04/2012

NEW YORK—ICV Partners, an investment firm focused on lower middle-market companies, today announced the acquisition of SAFE Security Inc., a provider of residential and commercial security alarm systems, monitoring services and support services, according to an ICV statement.

SAFE moves central station, boosts dealer program

Company aims to improve efficiencies with shift to corporate headquarters
 - 
04/18/2012

SAN RAMON, Calif.—SAFE Security has moved its central station to its corporate office here, updating its monitoring technology in the process and bolstering its dealer program to take advantage of the upgrade.

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