Tag: ICV Partners
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:...
This Blog's on Fire (And Other Stuff)
SAFE Security expands into DIY, with help from Honeywell
February 13, 2013Tess Nacelewicz
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...
SAFE Security acquired by ICV Partners
December 4, 2012SSN Staff
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.“Paul Sargenti [SAFE president and CEO] has built SAFE into a strong company that today provides a valuable and compelling service to a broad and growing customer base,” Cory Mims, managing director of ICV,...