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Tag: ICV Partners


SAFE Security: $130 million refi to aid growth

March 6, 2013Tess Nacelewicz

SAN RAMON, Calif.—SAFE Security completed a $130 million senior debt refinancing in late February with five lenders led by Bank of America. The new credit facility is an increase of $55 million, or 73 percent, over SAFE's previous financing of $75 million.“It gives us the financial flexibility to pursue our growth strategy,” Paul Sargenti, company president and CEO, told Security System News.He recently told SSN that SAFE's growth strategy involves leveraging its four channels:...

Bank of America, Bank of Montreal, ICV Partners, Madison Capital, OneWest Bank, Paul Sargenti, Pinnacle Security, SAFE Security, U.S. Bank

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This Blog's on Fire (And Other Stuff)

SAFE Security expands into DIY, with help from Honeywell

February 13, 2013Tess Nacelewicz

Wow! SAFE Security is really making news lately. First, it was acquired late last year by ICV Partners, a New York-based investment firm focused on lower middle-market companies. Then, it announced earlier this month that it had just bought about 24,000 alarm monitoring accounts from Orem, Utah-based Pinnacle Security—a summer-model company the select assets of which Protection 1 recently purchased. Now, SAFE announced today that it's entering the DIY home security market by launching...

Honeywell, ICV Partners, Paul Sargenti, Pinnacle Security, Protection One, SAFE Security, SAFE@home, Security Systems News (SSN)

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SAFE Security acquired by ICV Partners

December 4, 2012SSN Staff

NEW YORK—ICV Partners, an investment firm focused on lower middle-market companies, today announced the acquisition of SAFE Security Inc., a provider of residential and commercial security alarm systems, monitoring services and support services, according to an ICV statement.“Paul Sargenti [SAFE president and CEO] has built SAFE into a strong company that today provides a valuable and compelling service to a broad and growing customer base,” Cory Mims, managing director of ICV,...

Cory Mims, ICV Partners, Paul Sargenti, SAFE Security

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