M&A Deal Summary

Protection One Acquires Alarm Security Group

On July 1, 2015, Protection One acquired safety/security company Alarm Security Group from Parthenon Capital

Acquisition Highlights
  • This is Protection One’s 7th transaction in the Safety/Security sector.
  • This is Protection One’s 9th transaction in the United States.
  • This is Protection One’s 2nd transaction in Maryland.

M&A Deal Summary

Date 2015-07-01
Target Alarm Security Group
Sector Safety/Security
Buyer(s) Protection One
Sellers(s) Parthenon Capital
Deal Type Merger
Advisor(s) Goldman Sachs (Financial)
Kirkland & Ellis (Legal)

Target

Alarm Security Group

Beltsville, Maryland, United States
website
Alarm Security Group is a provider of security and safety solutions including video surveillance, access control, monitored fire and intrusion alarm systems to more than 110,000 customers in the commercial/industrial, government and residential market sectors.

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Buyer(S) 1

Buyer

Protection One

Romeoville, Illinois, United States

website


Category Company
Founded 1988
Sector Safety/Security
DESCRIPTION

Protection One is a security provider, protecting residential, business, national account and integrated system customers at millions of locations. Protection One provides installation, maintenance and electronic monitoring of alarm systems to single-family residential, commercial, multifamily and wholesale customers. Protection One was founded in 1988 and is based in Romeoville, Illinois.


DEAL STATS #
Overall 9 of 9
Sector (Safety/Security) 7 of 7
Type (Merger) 1 of 1
State (Maryland) 2 of 2
Country (United States) 9 of 9
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-02 Cam Connections

Lakeland, Florida, United States

Cam Connections, Inc. is a full service security systems integrator. CCI is to provide unmatched service in delivering electronic security solutions that are expertly tailored to the specific needs of each individual client.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-12 Advanced Solutions

Montgomery, Alabama, United States

Advanced Solutions is an aerospace engineering firm delivering mission proven space software, mission simulation and test systems, and Guidance, Navigation, and Control (GNC) solutions. Advanced Solutions was founded in 2001 and is based in Montgomery, Alabama.

Sell $40M

Seller(S) 1

SELLER

Parthenon Capital

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1998
PE ASSETS 5.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Parthenon Capital is a private equity firm focused on investing in service-based businesses with recurring revenues, defensible niches and competitive advantages. Parthenon looks for businesses valued between $50 and $750 million operating in sectors that include business services, financial services, manufacturing, technology-enabled services, and distribution/logistics. Prospective transaction types include recapitalizations, management buyouts, acquisitions, privatizations, and growth capital financings. Parthenon Capital was formed in 1998 and has offices in Boston, Massachusetts and San Francisco, California.


DEAL STATS #
Overall 16 of 33
Sector (Safety/Security) 1 of 1
Type (Merger) 1 of 2
State (Maryland) 1 of 1
Country (United States) 16 of 33
Year (2015) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-30 Stratose

Atlanta, Georgia, United States

Stratose is a provider in healthcare cost containment solutions for medical, dental and workers’ compensation payers, third-party administrators, self-funded entities and risk-bearing providers. Stratose was founded in 1995 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-13 Altegra Health

Miami Lakes, Florida, United States

Altegra Health, Inc. is a provider of software and analytics, network solutions and technology-enabled services that optimize communications, payments and actionable insights by leveraging its intelligent healthcare platform.

Sell $910M