Monitronics for sale?
DALLAS—Alarm monitoring company Monitronics, based here, may be up for sale. According to reports published July 29, Boston-based private equity firm Abry Associates, which backs Monitronics, has announced its intent to sell the monitoring company and expects to see as much as $1 billion from the sale.
Monitronics VP Mitch Clarke said the company had no comment on a potential sale.
Calls to Abry were not returned by press time.
Monitronics, which in late 2009 launched highly focused, mandatory dealer-training program, Monix, is a CSAA Five Diamond certified central station that monitors over 700,000 business and residential accounts. Monitronics central station manager Greg Hurst won CSAA's Excellence Award for Central Station Manager of the Year at this year's ESX show in Pittsburgh.
Abry is a firm focused on media, communications, business and information services investing. Investment firms Citi and Moelis & Co are reportedly advising in the sale.
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