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Tag: Pro One

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SSN's top 10 stories of 2010

December 22, 2010Daniel Gelinas

YARMOUTH, Maine—As 2010 draws to a close the editors at Security Systems News take a look back and see what the most read stories of the year were. What was making the news? What were you most interested in knowing? Below is a non-sequential, categorized rundown of the top 10 most read stories on our site from Jan. 1 to Dec. 11, followed by a linked top 10 list. The top category for 2010 was “For sale/SOLD!” Acquisition stories had a large showing in 2010 with a full half of the...

ADT, Brink's, Broadview, David Smith, FCC, GE Security, GTCR, National Broadband Plan, P1, POTS, Pro One, Protection One, Timothy McGinn, Top 10, Tri-Ed Northern Video, UTC

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Pro One aims to grow national accounts biz

November 17, 2010Martha Entwistle

DALLAS—With the goal of growing its national accounts operation exponentially, Protection One CEO Tim Whall announced at the ASIS show that the entire national accounts group had been moved under one roof, in the neighboring town of Irving, Texas. “Protection One did about $6 or $7 million in national account last year. Over the next three years we want to take that upward of $100 million,” he said. The office is set up so the national account teams work in pods.� People with diverse...

Jamie Haenggi, Marty Hale, Pro One, Protection One, Tim Whall

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The numbers on the Protection One deal

June 17, 2010L. Samuel Pfeifle

LAWRENCE, Kan., and CHICAGO—Equity firm GTCR announced today the acquisition of Protection One, the second-largest security alarm company in North America, now that ADT and Broadview have combined. Our lead story has the ins and outs of the whys and whos, including interviews with ProOne CEO Richard Ginsburg, Michael Barnes, John Mack, and principal of GTCR David A. Donnini. However, for those of you interested in raw numbers, here's a breakdown of the deal, using numbers pulled from the press...

ADT, Broadview, David Donnini, GTCR, John Mack, Michael Barnes, P1, Pro One, Protection One, Richard Ginsburg

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GTCR to buy Pro One: Covert and Whall back in business

April 26, 2010Martha Entwistle

LAWRENCE, Kan., and CHICAGO—Jim Covert and Tim Whall will be back in the security business following the close of a $828 million deal, announced today, where private equity group GTCR acquires Protection One. “Jim will be a board member and serve as an advisor, and Tim will be the CEO,” said David Donnini, GTCR principal, who noted that GTCR has worked with Covert and Whall, notably with the Cambridge Protection and HSM deals, over the past 15 years. “We teamed up with Tim...

Barclays Capital, Barnes Associates, Cambridge Protection, David Donnini, GTCR, HSM, Jim Covert, John Mack, JP Morgan Chase Bank, Kirkland & Ellis LLP, Mark Gronowski, N.A., P1, Pro One, Protection One, Richard Ginsburg, Stanley, TCW/Crescent Mezzanine, Tim Whall

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For sale: Protection One

February 1, 2010Martha Entwistle

LAWRENCE, Kan.—Three days after the largest security company (ADT) announced it was buying the second-largest alarm company (Broadview Security), Protection One, the third largest alarm company, announced it is exploring its strategic alternatives, including a sale of the company. “The financial markets are much stronger now than they were a year or so ago. Our company is performing well, and our balance sheet is in great shape,” Richard Ginsburg, Protection One CEO told Security...

Broadview Security, J.P. Morgan, Monarch Capital, P1, Pro One, Protection One, Quadrangle Group, Richard Ginsburg

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Sitting pretty in Kansas: Pro One gets $22.75m windfall

January 6, 2010Martha Entwistle

LAWRENCE, Kan.--The new year is starting off happy here for Protection One, which today announced it received a $22.75 million payment from Westar, its former majority owner. "It's a significant amount of money," said Richard Ginsburg, CEO of Protection One. "In an era when companies are struggling, we've paid down our debt a lot, $74 million throughout the year, so we're entering 2010 with $20 million cash on hand." The $22.75 million is a post-closing adjustment from an acquisition, which took...

P1, Pro One, Protection One, Protection One University, Richard Ginsburg

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ProOne: 'We're buying'

December 14, 2009L. Samuel Pfeifle

LAWRENCE, Kan.—You certainly can't fault Protection One for subtlety in its advertising. Web banners went up all over the industry last month with a simple message: “We're buying.” Pro One CEO Richard Ginsburg didn't mince words, either, when describing the company's motivation: “We're here, we have capital, we know how to integrate acquisitions, and we've done more than most people have. We want to get people reengaged with us, remind them that we are a buyer of accounts.” So,...

CMS, Criticom, P1, Pro One, Protection One, Richard Ginsburg

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Pro One sale final

March 1, 2004Martha Entwistle

TOPEKA, Kan.—The long saga of the sale of Protection One ended in mid-February, when former parent company Westar Energy finalized its sale to New York-based investment firm Quadrangle Group LLC. Quadrangle paid Westar $122 million for Protection One, which comprises more than 2,300 employees and more than a million commercial and residential customers, and all of its debt. Westar acquired the company in 1997 for $320 million. For Richard Ginsburg, president and chief executive officer of Protection...

P1, Pro One, Protection One, Quadrangle Group, Richard Ginsburg, Rosemary Foreman, Westar

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