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Tag: Pinnacle Security


Residential

SAFE Security buys more Pinnacle accounts, doubles in size

October 9, 2013Tess Nacelewicz

SAN RAMON, Calif.—SAFE president and CEO Paul Sargenti reports that the company has more than doubled in size within the last year and recently acquired 6,000 additional accounts from Pinnacle Security.This year, which marks SAFE's silver anniversary, Sargenti told Security Systems News, “We have exceeded all the goals that we established in our budget and model. We're about 180 percent of our goal right now, so the forecast we put together in December of last year for 2013 has become...

Paul Sargenti, Pinnacle Security, SAFE Security


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Fire Systems Installation

Pinnacle Security sued in lawsuit stemming from fatal fire

October 9, 2013Tess Nacelewicz

ARLINGTON HEIGHTS, Ill.—An insurance company is suing Pinnacle Security in an attempt to recover its costs in a 2011 lawsuit brought against Pinnacle and a monitoring company by the children of a firefighter who died in a house fire.First Mercury Insurance has been paying to defend the lawsuit on behalf of a client it insured, Security Associates International (SAI), which is based here and provides monitoring services. However, First Mercury contends that Pinnacle should be covering SAI's...

first mercury insurance, Pinnacle Security, Protection 1, security associates international


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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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Residential

SAFE Security embarks on 'exciting new chapter'

February 20, 2013Tess Nacelewicz

SAN RAMON, Calif.—SAFE Security is offering a $10,000 bonus to dealers who sign up by the last day of ISC West this year, the company announced this week.The announcement is the latest development from one of the nation's largest full-service security companies. It is based here and now does business in 46 states.In the past three months, SAFE also got a new private equity owner, also bought 24,000 accounts from Pinnacle Security—which allowed it to expand into Alaska and New Mexico—and...

Chancy Pray, Honeywell, Paul Sargenti, Pinnacle Security, SAFE Security


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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 a new...

Honeywell, ICV Partners, Paul Sargenti, Pinnacle Security, Protection 1, SAFE Security, [email protected], Security Systems News, Total Connect


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Residential

Pro 1's Pinnacle purchase parsed

January 30, 2013Tess Nacelewicz

LANCASTER, Pa.—Protection 1 is not breaking new ground in acquiring Pinnacle Security assets so it can integrate Pinnacle's seasonal selling model with Protection 1's brick-and-mortar approach, says the owner of a traditional security company that already has added summer sales to its mix.“We've had three successful years at this and my message is anyone can do this,” said Patrick Egan, president and owner of Select Security, a super-regional based here that first added a summer...

Patrick Egan, Pinnacle Security, Protection 1, Select Security


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Residential

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...

Devcon Security, Don Young, Golden Gate Capital, Jared Chappell, monitronics, Pinnacle Security, Protection 1, Security Systems News, Steve Zolman, Timothy Whall


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Residential

Devcon 'getting back to core business'

December 28, 2012Martha Entwistle

NEW YORK—At the Imperial Capital Security Investor Conference here on Dec. 13, Devcon's chairman of the board, Christopher Munday, spoke frankly about the company's challenges in the past couple of years—including an ill-fated branch expansion. He confirmed that the company is actively seeking a buyer and shared several operating and financial metrics to support his assertion that the company is on strong footing.In 2010 and 2011, Devcon hired many former Brink's Home Security dealers...

Brinkís Home Security, Christopher Munday, Devcon, Golden Gate Capital, Pinnacle Security, Security Systems News


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Residential

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...

Devcon, Jared Chappell, monitronics, Pinnacle Security


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