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ADT settles with three security companies for $5.5m in deceptive sales lawsuits

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08/02/2017

BOCA RATON, Fla.—ADT on July 28 announced settlements with Alder, its owner, Adam Schanz, and two MONI dealers—Alliance Security and Capital Connect—as part of lawsuits against those three companies and Schanz alleging the use of deceptive sales practices to mislead ADT customers.

Oaktree Capital Management buys My Alarm Center

Company to improve organic and acquisitive growth channels
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07/26/2017

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.

Owen security makes fifth purchase in 12 months

Company expands in its footprint by acquiring ACS Security-Rome
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07/26/2017

CALHOUN, Ga.—Owen Security Solutions, a regional alarm company based here, recently completed the largest acquisition in the company’s history, adding on more than 1,700 accounts when it purchased ACS Security-Rome.

Ascent Capital Group names new CFO

Fred Graffam will become CFO of Ascent and its wholly-owned subsidiary MONI
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07/19/2017

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.

MAC purchases Western Security Systems

Company gains $43,000 in RMR, deal fits into existing footprint
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07/12/2017

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.

Owen Security Solutions receives $5 million line of credit

Company’s first revolving line of credit to help expand commercial division organically
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06/28/2017

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.

Select Security to acquire AlarmForce’s US subscribers

Select to nearly double, gaining 28,000 accounts in $11.6 million deal
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06/15/2017

LANCASTER, Pa.—Select Security, a super-regional alarm company based here, on June 14 entered into an agreement to buy the U.S. subscriber base of AlarmForce, a Toronto-based company, which will maintain its Canadian business.

Select Security announces acquisition

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06/12/2017

LANCASTER, Pa.—Select Security, a super-regional security company based here, on June 12 announced its acquisition of Intelligent Technology Inc. and Carolina Security Group, based in Charlotte, N.C.

Fortress Security secures $2m in funding

Capital will help drive continued growth of business and RMR, CEO says
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05/24/2017

DALLAS—Fortress Security, a full-service residential and commercial security system company based here, announced that it has secured funding worth up to $2 million, which will be used to expand the company, according to CEO Jerrod Smith.

American Alarm purchases Security Design Consultants

Following the acquisition, SDC employees joined American Alarm
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05/24/2017

ARLINGTON, Mass.—American Alarm and Communications, a full-service security company based here, this week announced the acquisition of Security Design Consultants, based in Westwood, Mass.

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Poll

SSN News Poll December 2017

In the past month, Nest, Samsung, and Ring, have announced DIY-install security systems with a professional monitoring partner. Do these systems stand to impact the market, positively or negatively?