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Tag: GTCR


Monitoring

Best Buy to purchase GreatCall for $800 million

August 22, 2018Spencer Ives

SAN DIEGO—Chicago-based PE firm GTCR recently announced that it has signed a definitive agreement to sell GreatCall to Best Buy for cash consideration of $800 million.GreatCall provides connected health and personal emergency response services devices to more than 900,000 subscribers across the United States. The company will maintain its headquarters here, as well as its Care Centers in Carlsbad, Calif., and Reno, Nev.“It was a truly strategic deal for both the company and the buyer—both...

Best Buy, Dave Donnini, David Inns, GreatCall, GTCR, Hubert Joly


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Monitoring Matters

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,...

David Donnini, David Inns, GreatCall, GTCR


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Commercial

PE firm wants to combine Protection 1 and ASG

May 12, 2015Martha Entwistle

NEW YORK—Apollo Global Management, a $163 billion private equity group, is in talks to acquire Protection 1 and ASG, with the goal of combining the two companies, a source close to the deal told Security Systems News.Nothing has been finalized in the deal, the source said. Final bids for ASG were due May 11. “Two viable parties, one of which is Apollo,” are bidding on ASG, the source said.“Apollo Global Management is one of the top three largest private equity funds today...

Apollo Global Management, ASG Security, GTCR, Imperial Capital, Jeff Kessler, Protection 1, Rueters


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Residential

Possible Protection 1 buyers: PE firm, telecom or cableco

August 6, 2014Tess Nacelewicz

YARMOUTH, Maine—Home security giant Protection 1 is up for sale for more than $1.5 billion, Reuters reported this week. Likely buyers could range from a top private equity firm to a telecom or cableco, an industry analyst told Security Systems News.GTCR, the private equity firm that bought Protection 1 in 2010 for $828 million, has asked Morgan Stanley to help in the sales effort, the news service reported Aug. 4.Romeoville, Ill.-based Protection 1 did not respond to SSN's request for comment...

ADT, CMS, GTCR, Imperial Capital, physical security, Protection 1, Residential Security, SSN


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This Blog's on Fire (And Other Stuff)

Protection 1 on the block?

August 5, 2014Tess Nacelewicz

Home security giant Protection 1 is up for sale for more than $1.5 billion, according to a Reuters news report this week. GTCR, the private equity firm that bought Protection 1 in 2010 for $828 million has asked Morgan Stanley to help in the sales effort, the news service reported Aug. 4. I've reached out to Romeoville, Illinois-based Protection 1 for comment on the report, which Reuters ascribed to unidentified sources. Protection 1 is one of the largest full-service business and home security companies...

GTCR, Morgan Stanley, Protection 1, The Blackstone Group, Vivint


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Residential

Richard Ginsburg named CEO of Central Security Group

July 8, 2014Martha Entwistle

TULSA, Okla.—Super-regional security company Central Security Group today named Richard Ginsburg as CEO. Ginsburg, who as CEO of Protection 1 grew it into one of the top three security companies in the country from 2001 to 2010, said he wants to grow CSG into a “significantly larger company.”“The goal is absolutely to turn CSG into a national company,” Ginsburg told Security Systems News.Ginsburg replaces Mark Wilson, founder of CSG, who is retiring.Founded in 1999,...

Central Security Group, CSG, Devcon Security, GTCR, interactive services, physical security, Protection 1, Richard Ginsburg, Security Systems News, Summit Partners


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Also Noted

GTCR sells Six3 Systems

October 10, 2013SSN Staff

CHICAGO—In an $820 million deal, private equity firm GTRC has sold Six3 Systems to CACI International, the companies announced Oct. 9. Founded in 2009, Six3 provides national security and defense intelligence services, according to the news release. CACI provides information solutions and services to intelligence, defense and federal civilian customers. “We set out with CEO Bob Coleman and CFO Jack Pearlstein to build a specialized company focused on providing advanced capabilities in...

bob coleman, caci international, craig bondy, GTCR, jack pearlstein, six3 systems


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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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General News

SSN's top 10 stories of 2010

December 22, 2010Daniel Gelinas

YARMOUTH, Maine—As 2010 draws to a close the editors at Security Systems News take a look back and see what the most read stories of the year were. What was making the news? What were you most interested in knowing? Below is a non-sequential, categorized rundown of the top 10 most read stories on our site from Jan. 1 to Dec. 11, followed by a linked top 10 list. The top category for 2010 was “For sale/SOLD!” Acquisition stories had a large showing in 2010 with a full half of the...

ADT, Brink's, Broadview, David Smith, FCC, GE Security, GTCR, National Broadband Plan, P1, POTS


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Residential

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...

ADT, Broadview, David Donnini, GTCR, John Mack, Michael Barnes, P1, Pro One, Protection One, Richard Ginsburg


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