Tag: David Donnini
ADT sells commercial business for $1.6 billion to private equity firm
August 8, 2023SSN Staff
BOCA RATON, Fla.—On the heels of reporting its Q2 financial results, ADT made a huge announcement this morning, entering into a definitive agreement to sell its commercial security, fire and life safety business unit to private equity firm GTCR for a purchase price of $1.6 billion.
Proceeds from the sale, which is expected to close in the fourth quarter of 2023, will be used to reduce debt by $1.5 billion, with cash interest savings expected to offset the impact of divesting the commercial...
Private equity firm to acquire GreatCall
June 7, 2017Spencer Ives
CHICAGO—GTCR, a private equity firm based here, today announced that it has entered a definitive agreement to acquire GreatCall Inc, a large provider of PERS and cellular devices to seniors.
GTCR has some roots in the security space: GTCR bought Protection 1 in 2010 for $828 million, then sold the company to Apollo Management Group in 2015.
GreatCall has more than 800,000 subscribers across its cellular phone and PERS device business. The company operates its main monitoring center in Carlsbad,...
The numbers on the Protection One deal
June 17, 2010L. Samuel Pfeifle
LAWRENCE, Kan., and CHICAGO—Equity firm GTCR announced today the acquisition of Protection One, the second-largest security alarm company in North America, now that ADT and Broadview have combined. Our lead story has the ins and outs of the whys and whos, including interviews with ProOne CEO Richard Ginsburg, Michael Barnes, John Mack, and principal of GTCR David A. Donnini.
However, for those of you interested in raw numbers, here's a breakdown of the deal, using numbers pulled from the press...
GTCR to buy Pro One: Covert and Whall back in business
April 26, 2010Martha Entwistle
LAWRENCE, Kan., and CHICAGO—Jim Covert and Tim Whall will be back in the security business following the close of a $828 million deal, announced today, where private equity group GTCR acquires Protection One.
“Jim will be a board member and serve as an advisor, and Tim will be the CEO,” said David Donnini, GTCR principal, who noted that GTCR has worked with Covert and Whall, notably with the Cambridge Protection and HSM deals, over the past 15 years.
“We teamed up with Tim...