Tag: John Orr
Monitronics acquires LiveWatch Security for $67m
March 3, 2015Spencer Ives
DALLAS—Third-party monitoring giant Monitronics has acquired LiveWatch Security, a provider of professionally monitored DIY home security systems, for $67 million.LiveWatch brings with it $900,000 in RMR and 32,000 accounts. Its customers are located in all 50 states and Puerto Rico.“DIY has been really building a base in the industry for the past few years,” John Orr, senior VP for Ascent Capital Group, told Security Systems News. “We really did [this acquisition] because...
Looking at the Monitronics acquisition
December 22, 2010Daniel Gelinas
YARMOUTH, Maine—Santa Monica, Calif.-based Ascent Media Corporation announced Dec. 17 it had bought Monitronics International, one of the largest third party monitoring companies in the U.S. with more than 650,000 accounts, in a deal worth $1.2 billion.
While many of the finer details of the deal are as yet unrevealed, industry observers have come forward to discuss the information made publicly available in a Dec. 20 Ascent investor call.
Jennifer Holloway, president of Holloway Security...