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Protection One

For sale: Protection One

Third-largest alarm company hires J.P. Morgan to explore its options
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02/01/2010

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

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01/06/2010

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
 - 
12/14/2009

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

 - 
03/01/2004

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.

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