CHICAGO - When GTCR Golder Rauner came onto the security scene three years ago to finance James CovertÃ¢â‚¬â„¢s new security business, few in the industry predicted the quick turnaround of that business or the $1 billion price tag that it fetched.
In a matter of months, GTCR and Covert took the SecurityLink alarm business and several other companies it bought and sold to Tyco International for five times the original purchase price.
CSAA to hold seminar later this year
VIENNA, Va. - The Central Station Alarm Association, a trade association representing providers of central station monitoring, will sponsor an operations management seminar in October.
IRVINE, Calif. - Having made inroads into third-party monitoring and interactive video monitoring services, National Alarm Computer Center has added a Message Center service to allow dealers and others to focus on their business without worrying about missing calls.
ALEXANDRIA, Va. - The Central Station Alarm Association and the Security Industry Association have signed a reciprocal agreement to recognize the operator certificate issued by each otherÃ¢â‚¬â„¢s association.
ALEXANDRIA, Va. - While some in the industry may question Tyco Fire & SecurityÃ¢â‚¬â„¢s announcement that it was in talks with a number of potential buyers for Sonitrol, the mood among a number of SonitrolÃ¢â‚¬â„¢s franchisees is one of optimism.