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Tag: Ascent Capital

Also Noted

Ascent Capital reaps rewards of acquisition

August 13, 2014SSN Staff

DALLAS—Boosted by the 2013 Security Networks acquisition, Ascent Capital, the holding company for Monitronics, a provider of home security alarm monitoring services based here, posted net revenue increases of 31.7 percent and 32.2 percent for the three and six months, respectively, ending June 30, according to a press release. “The growth in subscriber accounts reflects the effects of the acquisition of Security Networks, as well as strong performance in the core account generation engine,”...

alarm monitoring, Ascent Capital, Physical Security

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Monitoring Matters

Kessler examines future of Monitronics

May 14, 2014Leif Kothe

Good news for Ascent Capital, the parent holding company of Monitronics, according to a recent research report conducted by Imperial Capital's Jeff Kessler. The takeaway is that the monitoring company's Q1 2014 earnings—$484 million in revenue, EBITDA of $321 million—were consistent with estimates and the company is “not experiencing impact from the entrance of cable/telcos." As a result, Imperial Capital is maintaining the outperform rating and one-year price target of $94, about...

Ascent Capital, Imperial Capital, Jeff Kessler, Physical Security

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Monitoring Matters

Investor speculates on Monitronics outlook

April 23, 2014Leif Kothe

Greater visibility, broader market acceptance and (for some central stations) more wholesale monitoring accounts are just some of the benefits often mentioned in connection with the entrance of cablecos and telecoms into security. A recent Wholesale Monitoring study by the Barnes Associates (co-sponsored by the CSAA and SSN) largely attributed the 19 percent growth the segment enjoyed in 2013 to the influence of the new entrants. To be sure, there seems to be a prevailing belief that the rangy, big-money...

alarm monitoring, Ascent Capital, AT&T, Barnes Associates, Comcast, Physical Security

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Monitoring Matters

Monitronics nabs pair of Stevies

March 5, 2014Leif Kothe

Highlighted by the marquee acquisition of Security Networks, 2013 was unquestionably a strong year for Monitronics. It appears 2014 is starting the upswing as well. Monitronics turned in an impressive haul at the latest Stevie Awards, reeling in a pair of Bronze prizes at the eighth awards show for sales and customer service. For the second consecutive year the third-party central station won in the Contact Center of the Year category, according to a news release from the company. The company was...

Ascent Capital, Bill Fitzgerald, Michael Meyers, Physical Security

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General News

Finance virtual roundtable: The most interesting deals of 2013 and predictions for 2014

December 30, 2013Martha Entwistle

Every January, Security Systems News asks security finance experts to share their opinions on deals done, valuations sought and won, and prospects for buyers and sellers in the coming year. This year, the following experts participated in a virtual roundtable discussion: Jennifer Holloway, managing director, Security Industry Group, at The PrivateBank and Trust Company, a Chicago-based commercial bank and wealth management institution with a national specialty lending group dedicated solely to the...

Ascent Capital, Barry Epstein, CapitalSource, Jennifer Holloway, Kastle Systems International, Physical Security, Security Lender Group, Security Networks, The PrivateBank, Vertex Capital, Will Schmidt

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Also Noted

Monitronics officials to present at credit, investor conferences

December 2, 2013SSN Staff

ENGLEWOOD, Colo.—Executives of Ascent Capital Group and its subsidiary Monitronics are scheduled to speak at upcoming credit and security conferences. Michael Meyers, CFO of Ascent Capital Group and Monitronics, will present at the Bank of America Merrill Lynch Credit Conference Dec. 3, the company announced. Bill Fitzgerald, CFO and chairman of Ascent, and Michael Haislip, executive VP of Ascent and president and CEO of Monitronics, will speak in New York at the Gabelli & Company 6th Annual...

Ascent Capital, Bill Fitzgerald, Michael Haislip, Michael Meyers

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Monitoring Matters

Ascent Capital reaps windfall of Security Networks acquisition

November 26, 2013Leif Kothe

Buoyed by the $487 million acquisition of Security Networks, Ascent Capital, the holding company that owns Monitronics, posted some sterling numbers for the third quarter of 2013—numbers that underscore why investment firms continue to find the RMR model attractive (long-term contracts, high margins, cash flow predictability). The list goes on. Ascent's net revenue for the three and nine months (ended Sept. 30, 2013) increased 36.8 percent and 27.4 percent, respectively. The growth was fueled...

Ascent Capital, Bill Fitzgerald, Mike Haislip, Physical Security, Security Networks

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Monitoring Matters

Ascent Capital's largest stockholder sells half of his preferred shares

October 30, 2013Leif Kothe

Some intriguing financial news out of the Monitronics/Ascent Capital camp. Ascent Capital Group's largest direct stockholder, media mogul John Malone, recently sold half his preferred shares—worth $32.7 million in cash—back to the company, according to a news release from Ascent Capital. The divestment comes nearly three years after Ascent acquired Monitronics in a $1.2 billion deal. Malone, who sold 351,734 shares, now owns the same number of Series B shares, plus 198,540 Series A shares,...

alarm monitoring, Ascent Capital, Henry Edmonds, John Malone, Physical Security

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Former Security Networks CEO Rich Perry mulls next move

August 21, 2013Martha Entwistle

WEST PALM BEACH, Fla.—With the Aug. 16 close of the Monitronics-Security Networks deal behind him, former Security Networks CEO Rich Perry is taking some time off, but he's spending some of that time thinking about his next venture in the security industry.“There are a couple of key areas that I want to look at—one is doing another acquisition in partnership with private equity [possibly] with Oak Hill Capital,” he told Security Systems News.Security Networks was acquired...

ADT, Ascent Capital, Bill Polk, Digital Detection Systems, Henry Edmonds, Oak Hill Capital Partners, Rich Perry, Security Networks

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