Tag: Amy Kothari

NEWTOWN SQUARE, Pa.—My Alarm Center, a national home security and automation provider based here, was recently sold to global investment firm Oaktree Capital Management, headquartered in Los Angeles. The deal closed on July 14.“We kicked off an effort to recapitalize the business about a year ago, looking to strengthen our financial position, our balance sheet, and give us a better opportunity to grow our business,” Amy Kothari, My Alarm Center's president and CEO, told Security...

NEWTOWN SQUARE, Pa.—My Alarm Center, a residential security and home automation provider, recently secured $10 million in additional funding, giving the company increased capabilities on the acquisition front and in its growth organically.Led by Ironwood Capital and supported by Alcentra, Saratoga Investment Corporation, NXT Capital and OFS Capital, the $10 million is additional second-lien debt, an increase of the $50 million second-lien term loan to $60 million, with the proceeds going to...

NEWTOWN SQUARE, Pa.—My Alarm Center, a super-regional security company with a rapidly evolving national presence, is coming off an impressive year of organic growth, complemented by the success of its new DIY division, LivSecure.“Both 2015 and 2016 have been really great years for us and signify a big shift in our business model to be more flexible and capital efficient in terms of having options for growth,” Amy Kothari, My Alarm Center's president and CEO, told Security Systems...

NEWTOWN SQUARE, Pa.—My Alarm Center launched LivSecure, a direct-to-consumer division focused on DIY-installed equipment paired with professional monitoring.Offering DIY won't appeal to everyone, Amy Kothari, My Alarm Center's president and CEO told Security Systems News. “But, there is a growing segment of the market that does not want to wait for a professional install, does not want to pay for a professional install, and are comfortable doing it themselves.”My Alarm Center announced...

NEWTOWN SQUARE, Pa.—Alarm Capital Alliance recently received the "Excellence in Security Account Acquisitions" designation in Corporate LiveWire's 2015 Mergers & Acquisitions Awards Guide. "We're extremely pleased to receive this tremendous honor, and this reaffirms our strategic approach to each deal we close," Amy Kothari, president and CEO of Alarm Capital Alliance, said in a prepared statement The ACA acquisition team includes Anastasia Bottos, COO and CSO, Kelly Bond, SVP business development,...

Executives from My Alarm Center will be sleeping on the streets of Philadelphia Thursday night, Nov. 19, participating in Covenant House's Sleep Out: Executive Edition. Covenant House is a homeless youth shelter, headquartered in New York. It holds sleep outs Weather reports say that Philadelphia has a 100 percent chance of rain on Thursday and temperature in the low 60s, middle 50s overnight. “We look at it this way: These kids that are homeless, they don't get to pick which weather that have...

NEWTON SQUARE, Pa.—My Alarm Center awarded Kristin Hand its annual $1,000 scholarship. Hand, from Baxley, Ga., is studying criminal justice with hopes of being a lawyer, according to a recent statement from My Alarm Center. For the third consecutive year, the company awarded two additional scholarships. Christian Renwick, of Earlysville, Va., is studying forensic pathology and was awarded $500. Virginia Paino, also receiving $500, is studying criminal justice to enter law enforcement. These...

NEWTOWN SQUARE, Pa.—Alarm Capital Alliance had a robust 2013, with RMR growing nearly 14 percent and gross revenues by about 23 percent. Now, its purchase of Interface Security Systems' Hawk Security adds immediate growth for 2014 and gives the company a new strategic position in Texas that promises even more.“I just grew the entire company 20 percent over night with this deal,” Amy Kothari, president and CEO of ACA, which is based here, told Security Systems News. Terms of the...

NEWTOWN SQUARE, Pa.—Rose Ryan is My Alarm Center's new vice president of finance, the company announced Sept. 11. Ryan joined My Alarm Center—which is the direct-to-consumer name of Media, Pa.-based Alarm Capital Alliance—in 2011. In her new role, Ryan will oversee accounting and billing during My Alarm Center's planned growth. “Rose has built an incredibly strong accounting and finance team that plays an integral role in our day-to-day operations, audits and acquisition integrations,”...

MEDIA, Pa., and NEWTOWN SQUARE, Pa.—Alarm Capital Alliance, which also does business as My Alarm Center, is growing so much that it has created a CFO position and hired industry finance veteran Scott Peterson for the job.Company President and CEO Amy Kothari told Security Systems News that she and COO Gary Welsh had been sharing CFO duties for the national alarm company, based in Greater Philadelphia. But in April 2012, the company gained a new private equity partner, Norwest Venture Partners,...