Tag: Paul Sargenti
SAFE Security secures new sub-debt facility
November 9, 2016Paul Ragusa
SAN RAMON, Calif.— SAFE Security announced on Oct. 25 that it has secured a subordinated debt facility with lead agent Ironwood Capital and co-investor OFS Capital Corporation, an investment that SAFE president and CEO Paul Sargenti said will allow the company to continue its strong growth for the year.“We have known Ironwood for a long time and have appreciated their knowledge of the industry,” Sargenti told Security Systems News. “And at the time when we wanted to expand...
SAFE Security promotes Gary Franklyn to SVP, dealer sales
June 29, 2016Paul Ragusa
SAN RAMON, Calif.—SAFE Security, a national security company based here, recently promoted Gary Franklyn to the newly created position of senior vice president of dealer sales, where he will be responsible for all facets of dealer management including dealer sales and marketing and dealer recruitment and retention. Franklyn will be based out of Safeguard Security, SAFE's branch office in Scottsdale, Ariz.Prior to working for SAFE, Franklyn spent eight years at Security Networks in West Palm...
SAFE gets $25 million
January 14, 2015Amy Canfield
SAN RAMON, Calif.—SAFE Security, with a recent $25 million credit facility from Prospect Capital, is planning a number of innovations to better serve its customer base, according to Paul Sargenti, president and CEO.The loan from Prospect Capital will benefit and update SAFE's different revenue streams: bulk acquisitions and its dealer and DIY programs and its new internal sales program, which will be headed up by Babe Kilgore, the firm's new director of national sales.“We had a unique...
SAFE Security acquires Safeguard Security
August 20, 2014Martha Entwistle
SAN RAMON, Calif.—In a deal that brings it 300 employees, $1.5 million in RMR, 25,000 customers, a guard business and a central station, SAFE Security, based here, has acquired the alarm business of Safeguard Security, a super-regional that's been family owned for more than 50 years.“The Safeguard acquisition is the beginning of a new era,” Paul Sargenti, SAFE Security CEO and president, told Security Systems News. He added, “It's the fulfillment of a long-term plan to get...
SAFE Security shifts
July 23, 2014Martha Entwistle
SAN RAMON, Calif.—Establishing branch offices, bundling services with telecoms/cablecos, and expanded DIY offerings are three initiatives SAFE Security has in its playbook, and it has hired Gary Franklyn, formerly with Security Networks, to spearhead those efforts.“It's a shift in emphasis and a deepening of some commitments we've already made, [for example to] DIY,” Paul Sargenti, SAFE president and CEO told Security Systems News. “We want to innovate, to be out in front...
This Blog's on Fire (And Other Stuff)
SAFE Security acquires thousands in accounts, RMR
October 30, 2013Tess Nacelewicz
The good news keeps on coming from SAFE Security. I just wrote recently how the San Ramon, Calif.-based company—celebrating its silver anniversary this year—has doubled in size. Now, SAFE has announced this week that it has acquired more than 16,000 accounts, representing $650,000 in RMR.
The new accounts are CastleRock Security residential and commercial alarm monitoring subscriber accounts.
“These accounts fit very nicely into our U.S. and Canada footprint,” Paul Sargenti,...
SAFE Security buys more Pinnacle accounts, doubles in size
October 9, 2013Tess Nacelewicz
SAN RAMON, Calif.—SAFE president and CEO Paul Sargenti reports that the company has more than doubled in size within the last year and recently acquired 6,000 additional accounts from Pinnacle Security.This year, which marks SAFE's silver anniversary, Sargenti told Security Systems News, “We have exceeded all the goals that we established in our budget and model. We're about 180 percent of our goal right now, so the forecast we put together in December of last year for 2013 has become...
SAFE Security celebrates its silver anniversary
September 30, 2013SSN Staff
SAN RAMON, Calif.—SAFE Security is celebrating 25 years in business, the company announced recently.
Founded in 1988 as a specialty finance company, SAFE Security is now a full-service security company serving more than 70,000 customers in the U.S. and Canada.
“I am very pleased that SAFE has reached this milestone, and proud that it is with a reputation for integrity and stability in the security industry,” said Paul Sargenti, president and CEO.
SAFE Security acquired...
This Blog's on Fire (And Other Stuff)
Security dealers score $10,000 wins at ISC West
April 11, 2013Tess Nacelewicz
2GIG Technologies recently shipped its one-millionth panel and the lucky Utah security dealer who ordered it was awarded $10,000 at the ISC West show on Thursday as a result.
And remember SAFE Security's ISC West promotion in which it was offering a $10,000 bonus to dealers who signed up for its dealer program by the last day of the show?
Well, the show and the promotion don't end until tomorrow, but SAFE President and CEO Paul Sargenti told me on Thursday that it looks like 11 dealers...
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...