Tag: The Edmonds Group
The Edmonds Group advises Utah-based Becklar on expansion of credit facility
June 4, 2019SSN Staff
OGDEN, Utah—Becklar, LLC, parent company of both AvantGuard Monitoring Centers and Freeus, announced the closing of a new $25 million debt facility with Pacific Western Bank. The Edmonds Group served as exclusive financial adviser to Becklar. “The new debt facility will be used to support continued growth and acquisitions at both AvantGuard and Freeus,” Josh Garner, CEO of Becklar, said in the announcement. “While we greatly appreciated the strong interest we received from...
Worldwide is latest 'search fund' acquisition deal
February 3, 2016Martha Entwistle
NEW YORK—The purchase of Worldwide Security by Novidam Capital Partners is the latest example of a “search fund” acquisition deal, a specialized finance model that brings entrepreneurs into the security industry.Worldwide, an $8.2 million full-service security company, was acquired by Novidam Capital, a search fund, last month.Former Worldwide CEO Ken Mara is retiring and Novidam's Alexander Schuil is now CEO of the company, which has been renamed Worldwide Security Group.“In...
Private equity firm buys Ackerman Security
April 1, 2015Amy Canfield
TORONTO—Imperial Capital Group of Toronto has acquired super-regional Ackerman Security.Imperial Capital, which partnered with OPTrust on the deal, had been looking for a platform company in the security sector, said Ed Truant, an Imperial Capital partner."Ackerman represented an excellent investment opportunity due to its strong customer value proposition, a history of strong growth with many opportunities for growth in the future and a proven management team with exceptionally strong execution...
AvantGuard sister company acquires PERS manufacturer
March 4, 2015Spencer Ives
OGDEN, Utah—Freeus, the new sister company to AvantGuard Monitoring Services, on Feb. 27 acquired the PERS side of Securus.AvantGuard created Freeus in January to acquire Securus, Josh Garner, AvantGuard CEO, told Security Systems News.The Edmonds Group represented Securus in this sale. Henry Edmonds, company founder and president, declined to release terms of deal.Securus originally approached AvantGuard about acquiring the PERS side of Securus, Garner said. Though, “we didn't think...
Security investment and finance in '14
December 12, 2014Martha Entwistle
YARMOUTH, Maine—Valuations, at least for smaller security deals, were generally higher in 2014 compared to 2013. That is one area of agreement among three security finance and investment experts who participated in a Security Systems News virtual round table.Participating in this year's round table were: Michael Barnes, founder of Barnes Associates, a consulting and advisory firm that specializes in the security alarm industry; John Robuck, managing director, Security Finance for Capital One's...
Private equity firm invests in mPERS company
May 21, 2014Leif Kothe
The PERS market has become somewhat notorious for its lack of acquisition activity, a surprising reality given the demographic trends in America that appear to favor such a market.
Many industry watchers on the private equity side attribute the lack of acquisitions to valuations that have yet to ripen. Some hold that as churn decreases, generating longer average account lives, outside investment is bound to pick up. With greater scale and higher multiples, the acquisitions will follow.
Enter Stonehenge...
Edmonds Group arranges $30m subprime account purchase program
May 16, 2014SSN Staff
ST. LOUIS—The Edmonds Group in April announced the initial closing under a $30 million program to purchase subprime security alarm accounts from one of the nation's largest alarm companies. The buyer, a large alternate asset investing firm, will buy accounts with low credit scores and accounts with no credit score available. The seller will enter into a long-term agreement with the buyer to provide monitoring, billing and onsite service for the purchased customers. Neither party wished to be...
PE ponders PERS
October 23, 2013Leif Kothe
ST. LOUIS—There will be more transactions in the typically quiet PERS space over the next six to 12 months, and maybe even sooner, according to Henry Edmonds, president of The Edmonds Group, an investment bank here, which specializes in recurring-revenue businesses.An aging population, soaring medical expenses and outside financing could be enough to galvanize the trading market, Edmonds told Security Systems News. He expects private equity to play “a very significant” role, because...
Henry Edmonds presents on PERS valuations
October 9, 2013Leif Kothe
As I encounter new theories and projections about PERS valuations, I continue to find a refreshing lack of consensus among the experts. That's not to say there aren't areas of agreement. There are. Those watching the market often cite similar determinants of valuation, such as attrition rates, cash flow and the costs of creating new accounts. But experts seldom invest the same metrics with equal importance.
For example, Barry Epstein, president of Dallas-based Vertex Capital, believes reducing...
Goldman, Beekman see value in NorthStar
May 22, 2013Tess Nacelewicz
OREM, Utah—The fact that Goldman Sachs and The Beekman Group are NorthStar Alarm Services' new equity partners is a “vote of confidence” in that summer sales company, according to Henry Edmonds, president of The Edmonds Group, which facilitated the transaction.New York-based private equity firm Beekman led the recapitalization of NorthStar, based here, and is new to the security space. “This is the first investment they've made in the alarm industry but they have looked at...