Tag: SAFE Security
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...
Five Questions: Gary Franklyn
August 26, 2016Paul Ragusa
Gary Franklyn was recently promoted to the newly created position of senior vice president of dealer sales at SAFE Security, a national security company headquartered in San Ramon, Calif. Franklyn is responsible for all facets of dealer management including dealer sales and marketing and dealer recruitment and retention. He is based out of Scottsdale, Ariz., working in SAFE's branch Safeguard Security.Are you married? Kids?I am married and our 14th anniversary is coming up. I have a daughter and...
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...
Bradley builds ECD Systems
June 9, 2015Martha Entwistle
TEMPE, Ariz.—Systems integration firm ECD Systems is up and running in its new headquarters here, with a goal of moderate growth for its first couple of years.“The first year is all about establishing our new identity and making sure our brand and our culture are set,” ECD Systems CEO Mike Bradley told Security Systems News.“We want to grow moderately, at 10- to 15 percent so we don't outstrip our resources, and then we'll see where the market leads us,” he said.ECD...
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...
Promotions at SAFE Security
October 8, 2014SSN Staff
SAN RAMON, Calif.—Randy Perkins has been named EVP and COO at SAFE Security. Also, Jess Alvarado has been appointed CFO for the company, which acquires and provides customer account management services for monitoring contracts.
Perkins joined SAFE in 2005 and became VP of operations a year later. He previously worked for Sonitrol and Bay Alarm Company, where he served as an installation/service manager, sales manager, central station manager, branch manager and director of operations.
Alvarado...
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...