Skip to Content

Tag: Bank of Montreal


Monitoring

SAFE Security acquires 11,000 Pinnacle accounts

March 11, 2013SSN Staff

SAN RAMON, Calif.—SAFE Security, a security alarm company based here, has acquired approximately 11,000 security alarm monitoring accounts from Utah-based Pinnacle Security, according to a company statement. The subscriber accounts represent $500,000 of RMR.The vintage accounts created between 2008 and 2010 are similar to the 24,000 accounts acquired by SAFE from Pinnacle in early February, the company said.“This completes phase II of the Pinnacle account transaction, and when added to...

Bank of America, Bank of Montreal, ICV Capital, Madison Capital, OneWest Bank, Paul Sargenti, Pinnacle Security, SAFE Security, U.S. Bank


Read Full Articlered right arrow icon

Residential

SAFE Security: $130 million refi to aid growth

March 6, 2013Tess Nacelewicz

SAN RAMON, Calif.—SAFE Security completed a $130 million senior debt refinancing in late February with five lenders led by Bank of America. The new credit facility is an increase of $55 million, or 73 percent, over SAFE's previous financing of $75 million.“It gives us the financial flexibility to pursue our growth strategy,” Paul Sargenti, company president and CEO, told Security System News.He recently told SSN that SAFE's growth strategy involves leveraging its four channels:...

Bank of America, Bank of Montreal, ICV Partners, Madison Capital, OneWest Bank, Paul Sargenti, Pinnacle Security, SAFE Security, U.S. Bank


Read Full Articlered right arrow icon

Also Noted

SAFE Security gets $130m refi

March 4, 2013SSN Staff

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. “In concert with our equity partners at ICV, this expansion of our senior credit lines will provide the capital that SAFE needs to execute its long term growth strategy and stay on track with strategic acquisitions and geographic expansion,”...

Bank of America, Bank of Montreal, Madison Capital, One West Bank, Paul Sargenti, SAFE Security, US Bank


Read Full Articlered right arrow icon