Tag: Jared Chappell
Pro 1 dives into summer sales with Pinnacle buy
January 28, 2013Tess Nacelewicz
ROMEOVILLE, Ill.—Protection 1 is getting into the summer-sales market by buying some of the assets of Pinnacle Security, one of Utah's leading door-knocking companies.
Protection 1, a traditional-model security company based here that now bills itself as “the largest full-service provider of business and home security in the U.S.,” announced in a news release that it has purchased “select assets from Utah-based Pinnacle Security, including certain proprietary IT infrastructure...
Pinnacle streamlines staff
December 5, 2012Tess Nacelewicz
OREM, Utah—After recently selling a large number of its accounts to Monitronics, Pinnacle Security, a leading summer-sales-model company based here, laid off some of its staff last week.“We have streamlined or rightsized our work force,” Jared Chappell, president and founder of the company, told Security Systems News in an email interview.He declined to say how many employees were let go or what positions they held. “Changes took place in areas where there were redundancies...
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...