Tag: APX Alarm Security Solutions
Vivint exploring sale
September 6, 2012Martha Entwistle
PROVO, Utah—Vivint is considering a sale with final bids due later this month, according to a Reuters report. The report said the home automation/home security company could be valued at as much as $2 billion, and that among three private equity groups looking at the company is GTCR—owner of Protection 1, one of the nation's largest security companies.
Reuters, citing unnamed sources, reported that other possible buyout firms are the Blackstone Group LP and Ares Management LLC.
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Vivint takes door-knocking rival to court
August 8, 2012Tess Nacelewicz
PROVO, Utah—Vivint is suing another door-knocking company, alleging it has been using false and misleading statements to “slam” or take over Vivint customers.
Vivint, based here, filed a lawsuit against Elite Security Systems, an authorized ADT dealer based in Orem, Utah, in Utah state court in June. The case was removed last month to federal court in Utah.
Vivint, one the nation's leading home automation, home security providers, claims in its lawsuit that Elite “used...
This Blog's on Fire (And Other Stuff)
Vivint gets millions more in financing, surpasses RMR milestone
June 20, 2012Tess Nacelewicz
Ever since rebranding last year, Vivint has seemed to do nothing but grow. The latest sign of that is the announcement yesterday from the residential security and home automation provider that it has surpassed a $30 million milestone in RMR, putting it among the top three largest security companies in the nation.
Also, the Provo, Utah-based summer-model company said, it has added another $50 million to its financing, bringing its total senior debt financing to $812 million.
That refinancing comes...