Tag: Ascent Capital Group
Ascent Capital Group names new CFO
July 19, 2017Spencer Ives
ENGLEWOOD, Colo.—Ascent Capital Group, MONI's parent company based here, announced yesterday that Fred Graffam will succeed Michael Meyers as Ascent's CFO as well as MONI's CFO.Graffam told Security Systems News that he will be overseeing regulatory filings from a finance perspective and “Making sure that the accounting systems and control environment at the company remain strong, as it is now. And then, from that perspective, it's really a focus on making sure that the initiatives of...
After ADT's news, Ascent stock rises
February 17, 2016Spencer Ives
Ascent Capital Group's stock price rose yesterday, on news of the ADT/Apollo deal.
I asked Imperial Capital's Jeff Kessler about the stock's jump and he characterized it as a “knee jerk reaction to the fact that the only other company in the United States that's public, being traded, is being taken over.”
Yesterday (Feb. 16) Ascent's stock price rose as high as 49 percent over its previous close of (Feb. 12) of $8.27 per share. Yesterday's high was $12.29. The stock closed at $11.00...
Ascent ups stock buyback
September 9, 2015Spencer Ives
ENGLEWOOD, Colo.—Ascent Capital Group, parent company of Monitronics, increased its stock buyback program by $25 million, Ascent announced Sept. 4.“As a public company, Ascent has a significant [amount] of cash that they'd been waiting to [use to] make acquisitions and try to find the best use of it,” David Stang, founder and president of recently formed Stang Capital Advisory, told Security Systems News.“As they look at different opportunities to deploy that cash, they have...
Jeffery Gardner named CEO of Monitronics
August 26, 2015Martha Entwistle
DALLAS— Jeffery Gardner, a former telecommunications executive with extensive M&A experience, has been named CEO of Monitronics and EVP of Monitronics parent company Ascent Capital Group. He will start his new job Sept. 10 and will replace Mike Haislip who is retiring.
Gardner served as CEO of voice and data network communications provider Windstream Holdings from 2006 to December 2014. Gardner oversaw nine acquisitions, totaling $5 billion, during his tenure at Windstream, a Fortune...
Richard Walker to help monitor Monitronics M&A possibilities
April 20, 2015Spencer Ives
ENGLEWOOD, Colo.—Ascent Capital Group, Monitronics' parent company based here, has appointed Richard G. Walker as executive vice president of strategy and corporate development.The company is always “actively monitoring” acquisition possibilities, Walker told Security Systems News. He and “a small team will be driving the M&A activities of [Ascent],” he said, focusing on “adjacent opportunities, emerging opportunities and [opportunities in] the security monitoring/home...
Monitronics acquires LiveWatch Security for $67m
March 3, 2015Spencer Ives
DALLAS—Third-party monitoring giant Monitronics has acquired LiveWatch Security, a provider of professionally monitored DIY home security systems, for $67 million.LiveWatch brings with it $900,000 in RMR and 32,000 accounts. Its customers are located in all 50 states and Puerto Rico.“DIY has been really building a base in the industry for the past few years,” John Orr, senior VP for Ascent Capital Group, told Security Systems News. “We really did [this acquisition] because...
Pinnacle sells 93,000 accounts to Monitronics
October 31, 2012Tess Nacelewicz
OREM, Utah—Pinnacle Security, a leading summer-sales-model company based here, recently announced an alliance with Monitronics International in which Pinnacle has sold Monitronics about 93,000 accounts and made an agreement for future account sales. The accounts represent $4.4 million of gross RMR, according to a news release.
According to Pinnacle, the $131 million transaction, which closed last week, “reduces debt and accelerates sales and marketing initiatives.”
The accounts...