SAFE Security acquired by ICV Partners
NEW YORK—ICV Partners, an investment firm focused on lower middle-market companies, today announced the acquisition of SAFE Security Inc., a provider of residential and commercial security alarm systems, monitoring services and support services, according to an ICV statement.
“Paul Sargenti [SAFE president and CEO] has built SAFE into a strong company that today provides a valuable and compelling service to a broad and growing customer base,” Cory Mims, managing director of ICV, said in the statement. “The security alarm industry is highly fragmented and stable and has demonstrated resilience through the last recessionary period. We are confident that with a stable source of capital and additional expertise from ICV, we can work with Paul and his strong management team to further grow the company.”
Headquartered in San Ramon, Calif., SAFE purchases, services and monitors security alarm contracts. The company’s gross revenues put it consistently in the top 25 U.S. alarm companies.
Security Systems News continues to report on this story. Check back to read about an interview with Sargenti.