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Tag: Madison Capital


Monitoring

SAFE Security acquires 11,000 Pinnacle accounts

March 11, 2013SSN Staff

SAN RAMON, Calif.—SAFE Security, a security alarm company based here, has acquired approximately 11,000 security alarm monitoring accounts from Utah-based Pinnacle Security, according to a company statement. The subscriber accounts represent $500,000 of RMR.The vintage accounts created between 2008 and 2010 are similar to the 24,000 accounts acquired by SAFE from Pinnacle in early February, the company said.“This completes phase II of the Pinnacle account transaction, and when added to...

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


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Residential

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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Also Noted

SAFE Security gets $130m refi

March 4, 2013SSN Staff

SAN RAMON, Calif.—A five-bank syndicate led by Bank of America has refinanced SAFE Security's senior debt facility with a $130 million capital infusion, according to a company statement. The capital will be used toward the company's growth strategy. “In concert with our equity partners at ICV, this expansion of our senior credit lines will provide the capital that SAFE needs to execute its long term growth strategy and stay on track with strategic acquisitions and geographic expansion,”...

Bank of America, Bank of Montreal, Madison Capital, One West Bank, Paul Sargenti, SAFE Security, US Bank


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Commercial

ASG ups credit facility to $250m

April 25, 2012Martha Entwistle

BELTSVILLE, Md.—ASG Security now has a quarter of a billion dollars on hand, thanks to a recent $20 million extension of its previous $230 million credit facility, the company announced April 25.ASG closed that $230 million facility just over a year, in January 2011. Why add to it now?“The capital is available and terms are very favorable,” ASG CFO Ralph Masino told Security Systems News. “We didn't need the additional capacity today, but it gives us ample dry powder to fund...

ASG Security, Bank of America, CapitalSource, Citizens Bank, Goldman Sachs Specialty Lending Group, Madison Capital, PrivateBank, Ralph Masino, Security Systems News


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Commercial

ASG closes $230m line of credit

February 3, 2011Martha Entwistle

BELTSVILLE, Md.—ASG Security closed Jan 28 on a new $230 million line of credit. Lead by ASG's longtime banking partner, CapitalSource, this round also includes a new participant, Goldman Sachs. Also participating in the round are previous investors: Bank of America, Citizens Bank, Madison Capital and PrivateBank. “It gives us added capital to continue our growth strategy,” ASG CEO Joe Nuccio told Security Systems News. “There are a number of opportunities we've been looking...

ASG Security, Bank of America, CapitalSource, Citizens Bank, Goldman Sachs, Joe Nuccio, Madison Capital, PrivateBank, Ralph Masino, Will Schmidt


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