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Protection One

For sale: Protection One

Third-largest alarm company hires J.P. Morgan to explore its options

LAWRENCE, Kan.—Three days after the largest security company (ADT) announced it was buying the second-largest alarm company (Broadview Security), Protection One, the third largest alarm company, announced it is exploring its strategic alternatives, including a sale of the company.

Sitting pretty in Kansas: Pro One gets $22.75m windfall


LAWRENCE, Kan.--The new year is starting off happy here for Protection One, which today announced it received a $22.

ProOne: 'We're buying'

With IASG digested, cash in hand, Protection One is again hungry for acquisitions

LAWRENCE, Kan.—You certainly can’t fault Protection One for subtlety in its advertising. Web banners went up all over the industry last month with a simple message: “We’re buying.”

Pro One sale final


TOPEKA, Kan. - The long saga of the sale of Protection One ended in mid-February, when former parent company Westar Energy finalized its sale to New York-based investment firm Quadrangle Group LLC. Quadrangle paid Westar $122 million for Protection One, which comprises more than 2,300 employees and more than a million commercial and residential customers, and all of its debt. Westar acquired the company in 1997 for $320 million. For Richard Ginsburg, president and chief executive officer of Protection One, after 14 months of rumors about the company's future, the completion of the sale is a relief.