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Tag: Goldman Sachs


Residential

Goldman Sachs invests in Fluent Home's expansion effort

October 7, 2015Amy Canfield

EDMONTON, Alberta—Armed with $40 million in growth financing from Goldman Sachs Specialty Lending Group, Fluent Home, based here, is looking to “keep and better service” its accounts and increase its U.S. business.“We've always had a presence in the United States,” primarily in Utah, Gary Arnold, Fluent's director of marketing, told Security Systems News. But the summer-sales company has recently acquired new sales teams stateside, and it is “aggressively”...

Fluent Home, Gary Arnold, Goldman Sachs


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Residential

Acquisition pushes NorthStar to more than $2m in RMR

January 21, 2015Amy Canfield

OREM, Utah—NorthStar Alarm has acquired the 8,000 accounts and physical assets of residential alarm security company Vision Security, both based here. It also has acquired an interest in Vision's solar business, which will be run as a separate entity.The purchase will expand NorthStar's security customer base into Maryland, Virginia, Pennsylvania and Minnesota. NorthStar will now service more than 43,000 customers in 24 states, for a total RMR of more than $2 million, according to NorthStar...

Goldman Sachs, Jason Christensen, NorthStar Alarm, The Beekman Group, Vision Security


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Also Noted

Goldman Sachs names Eagle Eye Networks founder one of '100 Most Intriguing Entrepreneurs of 2014'

October 20, 2014SSN Staff

AUSTIN, Texas—Goldman Sachs recognized Eagle Eye Networks founder and CEO Dean Drako as one of its “100 Most Intriguing Entrepreneurs of 2014” at its Builders and Innovators Summit in Santa Barbara, Calif. In 2012, Drako founded Eagle Eye Networks, based here, as the first cloud-based video surveillance company to provide both cloud and on-premise recording. Drako previously was founder, president and CEO of Barracuda Networks, where he created the industry's first email security...

Barracuda Networks, cloud-based video surveillance, David Solomon, Dean Drako, Eagle Eye Networks, entrepreneurs award, Goldman Sachs, Security Systems News


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Also Noted

Northstar Alarm donates home security system to family in need

July 2, 2013Tess Nacelewicz

PROVO, Utah—NorthStar Alarm Services recently donated a home security system to a local family that has two children with disabilities, according to a news release. The company in June installed the system in a Habitat for Humanity home newly constructed for the Artanduaga family. The family has three children, two with autism. The youngest child needs constant care, according to the news release. “We appreciate Northstar's kind donation of a security system in the new Habitat home in...

Goldman Sachs, Habitat for Humanity, Jason Christensen, NorthStar Alarm Services


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Residential

Goldman, Beekman see value in NorthStar

May 22, 2013Tess Nacelewicz

OREM, Utah—The fact that Goldman Sachs and The Beekman Group are NorthStar Alarm Services' new equity partners is a “vote of confidence” in that summer sales company, according to Henry Edmonds, president of The Edmonds Group, which facilitated the transaction.New York-based private equity firm Beekman led the recapitalization of NorthStar, based here, and is new to the security space. “This is the first investment they've made in the alarm industry but they have looked at...

ASG Security, Bank of America, Goldman Sachs, NorthStar Alarm Services, Residential Security, SSN, The Beekman Group, The Edmonds Group, Vivint, Zions Bank


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This Blog's on Fire (And Other Stuff)

NorthStar Alarm partners with Goldman Sachs; gets up to $40m cash infusion

May 15, 2013Tess Nacelewicz

NorthStar Alarm Services is recapitalizing with a group of new investors including Goldman Sachs and The Beekman Group, and also has expanded its credit facility to $40 million with Bank of America and Zions Bank, the Orem, Utah-based company announced today. The deal, which was six months in the making, is great for NorthStar and is another indication that Goldman likes the security space. In a communication to employees, company president Jason Christensen said, “We believe that this is an...

Bank of America, Goldman Sachs, Jason Christensen, NorthStar Alarm Services, The Beekman Group


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Residential

Vivint exploring sale

September 6, 2012Martha Entwistle

PROVO, Utah—Vivint is considering a sale with final bids due later this month, according to a Reuters report. The report said the home automation/home security company could be valued at as much as $2 billion, and that among three private equity groups looking at the company is GTCR—owner of Protection 1, one of the nation's largest security companies.Reuters, citing unnamed sources, reported that other possible buyout firms are the Blackstone Group LP and Ares Management LLC.Contacted...

Alex Dunn, APX Alarm Security Solutions, Ares Management, Blackstone Group, Goldman Sachs, GTCR, Jupiter Partners LLC, Peterson Partners, Protection 1, Reuters


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Residential

Security Networks ups credit facility by $100 million

May 2, 2012Martha Entwistle

WEST PALM BEACH, Fla.—Security Networks, a super-regional based here, announced April 30 that it has extended its credit facility by $100 million, bringing the total to $250 million.“It allows us to stay ahead of the curve in terms of our capital structure, to execute our business plan,” Rich Perry Security Networks CEO told Security Systems News.The company is “40 percent over planned production” so far in 2012 and has had about 38 percent CAGR for the past five years....

Bank of America, Barclays, Capital One, CapitalSource, Citizens Bank, Goldman Sachs, Oak HIll Capital, PrivateBank, Rich Perry, Security Networks


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Residential

Vivint gets $125M increase in financing

April 7, 2011Tess Nacelewicz

PROVO, Utah—Vivint, formerly APX Alarm, has completed a $690 million senior debt financing with a group of lenders led by Goldman Sachs Specialty Lending Group. The new credit facility is an increase of $125 million over its previous financing, according to the home automation/security company, which is based here. “We're excited,” Vivint COO Alex Dunn told Security Systems News April 5. He said he believes it is “the largest syndicated bank debt deal in the (security) space.”...

Alex Dunn, Apx Alarm, Goldman Sachs, Vivint


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Commercial

Goldman invests in security

February 17, 2011Martha Entwistle

ATLANTA—Goldman Sachs doesn't have a security investment group, but three members of its seven-year-old Specialty Lending Group—managing director David Miller, director Greg Watts and VP Chris Semple—specialize in the security space. “It's not a special division, but David Miller, Greg Watts and I see most of the alarm transactions and are familiar with a majority of the larger companies in the space,” Semple said. “We look at deals from the debt and equity perspective...

ASG Security, Chris Semple, David Miller, Goldman Sachs, Greg Watts, Specialty Lending Group


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