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Vision Security closes $35 million credit facility

 - 
04/09/2013

OREM, Utah—Vision Security, a provider of home automation and monitoring services, recently secured a $35 million syndicated loan transaction with The PrivateBank and Trust, according to a Vision statement.

Traditional security company goes retail

The Alarm Company’s new store in a strip mall draws customers, creates buzz and is part of a new trend
 - 
03/27/2013

MADISON, Miss.—The Alarm Company, located in an isolated industrial park for years, moved in September to a strip mall on a busy road here. Going retail has attracted customers, generated lots of free publicity and is the wave of the future, according to company owner Tony Collums.

ADT goes 'Undercover'

Company exec poses as entry-level employee on TV reality show to learn inner workings of operation
 - 
03/27/2013

BOCA RATON, Fla.—“James” is a tough former Marine, but he found his first day working at an ADT central station daunting.

ADT targeted over early termination fees, unilateral price increases

A federal class-action lawsuit calls the practices 'deceptive and unlawful'
 - 
03/20/2013

WALNUT CREEK, Calif.—It’s standard practice for security companies to charge customers early termination fees, but now a federal class-action lawsuit is targeting ADT for the penalties it imposes for early termination and also its unilateral price increases on monitoring contracts. The practices violate federal and state consumer protection laws, the lawsuit contends.

Time Warner Cable amps up IntelligentHome rollout

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03/06/2013

NEW YORK—After launching its IntelligentHome security/home automation product in upstate New York, Southern California and North Carolina in 2011, Time Warner Cable recently announced it plans to roll out IntelligentHome in its footprint nationwide in 2013.

Lowe’s selling Iris in Verizon Wireless stores

Home improvement retailer also will expand sales of its new home automation/home security product in its own stores this year
 - 
03/06/2013

MOOREVILLE, N.C.—In a new partnership, home improvement retailer Lowe’s has recently started offering Iris, its new home automation/home security product, in Verizon Wireless stores in 10 Eastern and Southern states.

SAFE Security: $130 million refi to aid growth

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03/06/2013

SAN RAMON, Calif.—SAFE Security completed a $130 million senior debt refinancing in late February with five lenders led by Bank of America. The new credit facility is an increase of $55 million, or 73 percent, over SAFE’s previous financing of $75 million.

Boyd & Associates acquires in the desert

The California company makes a purchase in the Coachella Valley, adding to its visibility in that market
 - 
02/27/2013

NORTH HOLLYWOOD, Calif.—Boyd & Associates, a security guard and alarm company based here, recently announced the acquisition of Get Alarmed, an Indio, Calif.-based burglar and fire alarm company.

B Safe acquires five in 2012 and looks to add even more in 2013

 - 
02/27/2013

WILMINGTON, Del.—B Safe Security, a regional security and fire alarm company based here, made five acquisitions in 2012 that represented about $85,000 in RMR and more than doubled the company’s customer base. B Safe also has similar growth plans for this year.

SAFE Security embarks on 'exciting new chapter'

It is growing its dealer program, expanding into DIY, bought 24,000 accounts from Pinnacle Security and has a new equity partner
 - 
02/20/2013

SAN RAMON, Calif.—SAFE Security is offering a $10,000 bonus to dealers who sign up by the last day of ISC West this year, the company announced this week. 

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