Tag: The Beekman Group
Acquisition pushes NorthStar to more than $2m in RMR
January 21, 2015Amy Canfield
OREM, Utah—NorthStar Alarm has acquired the 8,000 accounts and physical assets of residential alarm security company Vision Security, both based here. It also has acquired an interest in Vision's solar business, which will be run as a separate entity.The purchase will expand NorthStar's security customer base into Maryland, Virginia, Pennsylvania and Minnesota. NorthStar will now service more than 43,000 customers in 24 states, for a total RMR of more than $2 million, according to NorthStar...
Goldman, Beekman see value in NorthStar
May 22, 2013Tess Nacelewicz
OREM, Utah—The fact that Goldman Sachs and The Beekman Group are NorthStar Alarm Services' new equity partners is a “vote of confidence” in that summer sales company, according to Henry Edmonds, president of The Edmonds Group, which facilitated the transaction.New York-based private equity firm Beekman led the recapitalization of NorthStar, based here, and is new to the security space. “This is the first investment they've made in the alarm industry but they have looked at...
This Blog's on Fire (And Other Stuff)
NorthStar Alarm partners with Goldman Sachs; gets up to $40m cash infusion
May 15, 2013Tess Nacelewicz
NorthStar Alarm Services is recapitalizing with a group of new investors including Goldman Sachs and The Beekman Group, and also has expanded its credit facility to $40 million with Bank of America and Zions Bank, the Orem, Utah-based company announced today. The deal, which was six months in the making, is great for NorthStar and is another indication that Goldman likes the security space.
In a communication to employees, company president Jason Christensen said, “We believe that this is an...