Tag: Select Security
Brinks Home Security acquires Select Security
December 29, 2020Paul Ragusa
DALLAS—With the acquisition of Select Security, Brinks Home Security adds approximately 30,000 residential and small business and 8,000 large commercial alarm monitoring contracts as well as $2 million in recurring monthly revenue (RMR).
The company will take ownership of the alarm monitoring contracts through an earn-out structure that includes a $10 million upfront payment and a 50-month earn-out period. Per the terms of the transaction, the seller will transfer title to all accounts to...
Select announces several more purchases
June 11, 2018Spencer Ives
LANCASTER, Pa.—Select Security in early June announced a variety of acquisitions, one in New Jersey, one in New Mexico, and two in the Dallas-Fort Worth area of Texas.In New Jersey, the company acquired Garden State Fire & Security, based in Matawan, N.J. With this transaction Select bought more than 2,500 accounts, with an even 50/50 mix between residential and commercial accounts, and the company gains an office in New Jersey.“The addition of Garden State Fire & Security to our organization...
Select Security announces series of acquisitions
April 6, 2018Spencer Ives
LANCASTER, Pa.—Select Security, provider of security and life safety solutions for homes and businesses based here, on April 6 announced the purchase of several companies: Tennessee Valley Protection in Huntsville, Ala.; Southern Security Services in Nashville, Tenn.; Interactive Alarms in Nashville, Tenn.; Security Consultants in Memphis, Tenn.; and Alert Alarm Systems in Paducah, Ky."We are always looking for well run companies that want to be part of Select Security, especially in our newest...
Select Security to acquire AlarmForce's US subscribers
June 15, 2017Spencer Ives
LANCASTER, Pa.—Select Security, a super-regional alarm company based here, on June 14 entered into an agreement to buy the U.S. subscriber base of AlarmForce, a Toronto-based company, which will maintain its Canadian business.Select Security will gain about 28,000 accounts, bringing the company's total to nearly 60,000. The deal is expected to close on or around June 23. AlarmForce announced that the total consideration was $11.6 million."It's the largest acquisition that Select has done in...
How I Use My System: Joseph Mitton
March 22, 2017Spencer Ives
When Joseph Mitton, Select Security's director of marketing and communications, joined the company about six years ago, the company had around 80 people. Now, it has close to 200. Security Systems News talked with Mitton about the alarm system he uses.What kind of system do you have?At home, I currently have a Qolsys panel, with the Alarm.com backend to power the many Z-Wave devices in my house. In addition to cameras, we have an Alarm.com thermostat, door locks, garage door openers, and hardwired...
Select Security acquires three companies
October 19, 2016Paul Ragusa
LANCASTER, Pa.—Select Security, a super regional security company based here, recently completed the purchase of Owensboro, Ky.-based Level 5 Systems, Myrtle Beach, S.C.-based Sea Dog Security, and Charlotte, N.C.-based Guardian Systems, adding three new branch offices, and expanding into the North and South Carolina markets. The three deals add approximately 2,000 new accounts for Select Security.“We have always felt that with the infrastructure that we have invested in and built both...
Select Security expands into Virginia
July 27, 2016Paul Ragusa
LANCASTER, Pa.—Just one month after securing a $55 million credit facility with Goldman Sachs, Select Security, a super-regional security company based here, has acquired 5 Star Security, a Bluemont, Va.-based high-end residential company.“This is Select Security's first entrance into Virginia, which we feel is a very good market, and it follows our model of being a major provider in smaller markets,” Patrick Egan, Select Security's founder and CEO, told Security Systems News.Egan...
Five Questions: Bob Grove
July 1, 2016Paul Ragusa
Select Security recently named Bob Grove as its new director of field operations and training. Grove first joined Select Security in 2003 as an installation technician and quickly rose through the ranks, most recently serving as the technical training manager. In addition to ensuring training across the enterprise, Grove now oversees more than 60 technicians and managers of the operations team. Security Systems News caught up with Grove and asked him five questions.What is something your coworkers...
Select Security closes on $55m credit facility with Goldman Sachs
June 22, 2016Paul Ragusa
LANCASTER, Pa.—Select Security, a super regional security company based here, received a $55 million senior credit facility with the Goldman Sachs Specialty Lending Group.“This deal is a stepping-stone for us,” Select Security founder and CEO Patrick Egan told Security Systems News. “We have had multiple bank deals over the years, but this new credit facility is more than two times the credit facility that we just paid off with Citizens Bank. Citizens have been wonderful to...
Select Security restructures management
June 21, 2016SSN Staff
LANCASTER, Pa.—Select Security, a super-regional based here, announced changes to its senior leadership team, part of a restructuring of the company in preparation for continued growth this year. The company recently reached $1m in RMR, following several years of rapid growth both organically and through acquisition.Alex Nitterhouse has been named director of sales, and Bob Grove was named director of field operations and training.“Over the past few years Select Security has quickly grown...