SimpliSafe signs definitive agreement to be acquired by GTCR

BOSTON — Smart Home device manufacturer SimpliSafe has announced that it has signed a definitive agreement to be acquired by GTCR, a leading private equity firm, from Hellman & Friedman (H&F).

In the release the company revealed that Christian Cerda will maintain his position as Chief Executive Officer of SimpliSafe, and SimpliSafe's founders, Chad and Eleanor Laurans, will remain substantial investors and board members.

Founded in 2006, SimpliSafe is the third largest residential security provider in the U.S., offering a full suite of professional monitoring services to millions of people across the U.S. and U.K. The Company offers customers whole-home security solutions, including proactive monitoring and AI-powered SimpliSafe Active Guard Outdoor Protection technology.

"From day one, SimpliSafe set out to transform the home security industry with a mission to keep every home secure, and today millions of people trust us to protect them and their loved ones 24/7," said Christian Cerda, chief executive officer of SimpliSafe. "Over the past seven years, we have had the privilege of partnering with H&F to build upon our strong foundation and shape the future of the industry. Looking ahead, I am excited to partner with GTCR, Chad, and Eleanor to deliver even more advanced security to our customers and keep more people safe than ever before."

GTCR said it will support SimpliSafe following the acquisition as the Company continues to invest in innovative products and services, and that together, they will pursue a strategy focused on advanced security and expansion.

"We are excited to partner with the talented team at SimpliSafe and continue to build on their innovative platform," said David Donnini, managing director and head of business and consumer services at GTCR. "As long-time investors in the security alarm space, we appreciate the compelling customer value proposition offered by SimpliSafe's vertically integrated model and purpose-built security offerings."

SimpliSafe marks GTCR's fifth investment in the security alarm industry, including prior investments in residential-focused security companies SecurityLink and Protection1, along with commercial-focused security companies HSM and Everon. Everon similarly made moves to acquire ADT’s multifamily B2B segments signaling a significant move towards residential security in GTCR’s portfolio.

“When you surround that kind of an opportunity with someone like Tim Whall and GTCR, a PE firm I’ve done four deals with already in my career, I don't know what could have happened to make it any more appealing,” Everon CEO Don Young told SSN editor Cory Harris in July. “It just feels like I'm back home, and I enjoy that feeling.” 

While SimpliSafe declined to comment on the acquisition pending regulatory approval it told Security Systems News that, "GTCR has signed a definitive agreement to acquire SimpliSafe, with the deal expected to close in Q4 of this year. We’re proud of what we’ve built and the innovations we’ve launched, and we’re even more excited to work with our new investors to expand our reach, advance our offerings, and continue delivering the trusted protection our customers expect."

The transaction is expected to close in the fourth quarter of 2025, subject to regulatory approvals and customary closing conditions.

J.P. Morgan Securities LLC and Raymond James served as financial advisors to SimpliSafe. Goodwin Procter LLP served as legal counsel to SimpliSafe and Chad and Eleanor Laurans. Kirkland & Ellis LLP provided legal counsel to GTCR. Simpson Thacher & Bartlett LLP provided legal counsel to Hellman & Friedman.