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GHS Interactive Security

Vivint Solar seeks to raise $200m through IPO

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Wednesday, September 3, 2014

The fact that Vivint Solar officially filed with U.S. regulators last week for an initial public offering of common stock is an indication that solar continues to be a hot option for security companies.

Vivint Solar’s parent company is Provo, Utah-based home automation/home security company Vivint, which was bought by The Blackstone Group in 2012 for more than $2 billion.

Now, Reuters reported Aug. 26, Vivint Solar has filed for an IPO and set its fundraising target at about $200 million. And the news service said Vivint Solar lead underwriters to the offering are Goldman Sachs, Merrill Lynch, Pierce, Fenner & Smith and Credit Suisse.

The company will be listed on the New York Stock Exchange under the symbol VSLR, Reuter said. The company plans to use the IPO proceeds to repay debts, make investments and for “other general corporate purposes,” the news service said.

Reuters had reported earlier in August that Vivint Solar had confidentially filed for an IPO. Around that same time, Protection 1, one of the nation’s largest home and commercial security, also announced it would be launching a solar division called Brite Energy. Sales of solar panels to homes and businesses are expected to begin this fall.

And earlier this year, GHS Interactive Security, a new California-based security company, announced it was partnering with Solar Universe, a leading nationwide residential solar company, to combine security and solar into a comprehensive home automation package.

Since its launch in 2011, Vivint Solar has grown to be the second largest solar installer in the country.

Reuters said that the nation’s residential solar energy market is expected to grow at a CAGR of 28 percent, to about 1,713 megawatts of capacity in 2017, according to research firm GTM Research and the Solar Energy Industries Association.

 

Solar is hot commodity—but can pose fire risks

Security companies branching out into the solar business should be aware of photovoltaic fire hazards
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08/18/2014

QUINCY, Mass.—As security companies get involved in solar panel installation, they should be aware of potential fire hazards posed by solar panels.

Protection 1 adding solar to its mix

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08/08/2014

ROMEOVILLE, Ill.—Protection 1, based here, is joining the trend of security companies selling solar, the company has announced.

GHS Interactive Security, Solar Universe partner to offer security + solar solution

It’s billed as a first time collaboration between an alarm company and a solar provider and a way to provide a comprehensive offering that reflects the consumer demand for energy-efficient smart homes
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04/02/2014

LAS VEGAS—In what is being called a first in the industry, GHS Interactive Security is partnering with Solar Universe, a leading nationwide residential solar company, to combine security and solar into a comprehensive home automation package.

GHS expands into southern California market

The door-knocking company is adding some traditional resi and light commercial sales to its mix and ramping up its Independent Partner program
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02/05/2014

SACRAMENTO, Calif.—GHS Interactive Security, a new home security company based here, announced this week that it is expanding into southern California with the hire of Shaun Carpenter, an industry veteran who has run large dealer programs in that area for the past 10 years.

Steve Baker, other industry vets launch GHS Interactive Security

LifeLine Security is acquired as platform for growth, Topspin is equity partner, Barnes Associates advised deal
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05/22/2013

SACRAMENTO, Calif.—Industry veteran Steve Baker, who has served in executive roles at ADT, Monitronics and Westec, announced May 22 that his corporation, GHS Interactive Security, has acquired LifeLine Security and Automation as a platform for growth.