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Tag: Oak Hill Capital Partners


Commercial

Former Security Networks CEO Rich Perry mulls next move

August 21, 2013Martha Entwistle

WEST PALM BEACH, Fla.—With the Aug. 16 close of the Monitronics-Security Networks deal behind him, former Security Networks CEO Rich Perry is taking some time off, but he's spending some of that time thinking about his next venture in the security industry.“There are a couple of key areas that I want to look at—one is doing another acquisition in partnership with private equity [possibly] with Oak Hill Capital,” he told Security Systems News.Security Networks was acquired...

ADT, Ascent Capital, Bill Polk, Digital Detection Systems, Henry Edmonds, Oak Hill Capital Partners, Rich Perry, Security Networks


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Monitoring

Monitronics to acquire Security Networks

July 10, 2013Martha Entwistle

ENGLEWOOD, Colo.—Monitronics will have more than 600 dealers and 1 million accounts when it completes the $487 million acquisition, announced today, of super-regional security company Security Networks, the 14th largest residential alarm monitoring company in the United States. The deal, which is expected to close Aug. 16, includes $487.5 million of cash, and 253,333 newly issued shares of Ascent Series A common stock with an agreed value of $20 million, according to the statement. The purchase...

Ascent Media, Henry Edmonds, Mergers & Acquisitions, Mike Haislip, Oak Hill Capital Partners, Rich Perry, Security Networks


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This Blog's on Fire (And Other Stuff)

Security Networks makes more tracks with footprint

November 17, 2011Tess Nacelewicz

I wrote this spring about Florida-based super-regional Security Networks as it expanded operations west of the Mississippi after being acquired last fall by private equity firm Oak Hill Capital Partners. Now, the company, headquartered in West Palm Beach, is growing its footprint once again—into Puerto Rico, partnering with Alarm Zone, which does business as Island Security. Here's more from a recent press release: With this partnership Island Security will market and install Security Networks...

Alarm Zone, Gary Franklyn, Island Security, Oak Hill Capital Partners, Puerto Rico, Security Networks, Waldemar Vazquez


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Residential

Security Networks acquired by Oak Hill Capital

November 9, 2010Martha Entwistle

WEST PALM BEACH, Fla.—Expect to see super-regional Security Networks expand operations west of the Mississippi as the result of its Nov. 8 acquisition by private equity firm Oak Hill Capital Partners. Oak Hill, an $8 billion company with offices in New York and Menlo Park, Calif., is making its first foray into the security alarm space with this buy. The acquisition, terms of which were not announced, is a partnership between Security Networks management and Oak Hill. Previously, Security...

Jonathan Friesel, Oak Hill Capital Partners, Rich Perry, Security Networks


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