Tag: Pinnacle
Martha talks to Mike Barnes: RMR growth rate, other metrics revealed
February 13, 2013Martha Entwistle
I had a chance today to talk to Mike Barnes about last week's Barnes Buchanan Conference. Below are some highlights of our conversation.
Interested in more insight on RMR and related growth? Check out the April issue of SSN for the 3rd annual Special Report of the SSN/Barnes Associates Wholesale Monitoring study. The study will also be available online on www.securitysystemsnews.com, and featured in a future Thursday morning newswire
The SSN/Barnes Associates Wholesale Monitoring study...
SAFE Security acquires 24,000 accounts from Pinnacle
February 6, 2013Tess Nacelewicz
SAN RAMON, Calif.—SAFE Security announced this week that it has acquired about 24,000 alarm monitoring accounts from Orem, Utah-based Pinnacle Security. The accounts represent $1.1 million of RMR, according to SAFE, which is based here.
The announcement marks the latest development regarding Pinnacle, one of the leading summer-sales-model companies. Traditional-model home security giant Protection 1 recently purchased select assets from Pinnacle. Two founders from Pinnacle will join Protection...
Select Security branches out to Utah
October 6, 2011Tess Nacelewicz
LANCASTER, Pa.—Select Security--a super-regional based here that has spent the past two summers trying to beat the big summer-model companies at their own game by running its own door-knocking program--is upping the ante.Select is opening its own office in Orem, Utah, literally in the big companies' backyard, to serve as a recruiting and call center and also to do some selling, Patrick Egan, Select Security president, told Security Systems News. Egan also recently opened a sales and recruiting...
Devcon goes national
May 5, 2011Martha Entwistle
HOLLYWOOD, Fla.—There's a new national player in the home security market—Devcon Security.
Over the past seven months, Devcon has quietly transformed from a super-regional with nine branches to a company with a national footprint and more than 50 branches across the country. Devcon has nearly doubled its employee headcount—going from 450 last October to 785 today. It opened a 100-employee, 23,000 square-foot national operations center in Irving, Texas, and hired top talent...
Pinnacle has new $275m financing package
March 24, 2011Tess Nacelewicz
OREM, Utah—Pinnacle Security announced today that it has closed on a new financing package that is one of the largest credit facilities in the industry.
“It's a $275 million financing package that refinances existing debt and provides for several years of growth capital,” Sean Forrest, CFO of the major summer sales model security company, which is based here, told Security Systems News.
The deal includes an “opportunity for expansion to $400 million as the company grows,”...
ADT takes Pinnacle to court over sales tactics
December 2, 2010Tess Nacelewicz
BOCA RATON, Fla.—Residential security giant ADT is suing Pinnacle Security in federal court, alleging the Utah-based summer model company and its employees used unlawful and deceptive sales strategies to steal ADT's customers and damage its reputation.
ADT also accuses Pinnacle of theft of confidential information about ADT customers and breach of contract.
However, Pinnacle, formerly an ADT dealer that went independent in 2006, “vigorously denies” the allegations.
Pinnacle contends...