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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 Sachs, Jason Christensen, NorthStar Alarm, The Beekman Group, Vision Security

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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...

ASG Security, Bank of America, Goldman Sachs, NorthStar Alarm Services, Residential Security, The Beekman Group, The Edmonds Group, Vivint, Zions Bank

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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...

Bank of America, Goldman Sachs, Jason Christensen, NorthStar Alarm Services, The Beekman Group

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