M&A Deal Summary

Monitronics International Acquires Security Networks

On August 16, 2013, Monitronics International, Inc. acquired safety/security company Security Networks LLC from Alcentra Capital Corporation and Oak Hill Capital Partners for 483M USD

Acquisition Highlights
  • This is Monitronics International’s 1st transaction in the Safety/Security sector.
  • This is Monitronics International’s 1st largest (disclosed) transaction.
  • This is Monitronics International’s 1st transaction in the United States.
  • This is Monitronics International’s 1st transaction in Florida.

M&A Deal Summary

Date 2013-08-16
Target Security Networks LLC
Sector Safety/Security
Buyer(s) Monitronics International, Inc.
Sellers(s) Alcentra Capital Corporation
Oak Hill Capital Partners
Deal Type Add-on Acquisition
Deal Value 483M USD

Target

Security Networks LLC

West Palm Beach, Florida, United States
website
Security Networks is a provider of home security solutions in the U.S. specializing in the sale, installation, maintenance, and monitoring of electronic security alarm systems.

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Buyer(S) 1

Buyer

Monitronics International, Inc.

Dallas, Texas, United States

website


Category Company
Founded 1994
SectorSafety/Security
DESCRIPTION

Monitronics International, Inc. is a provider of security monitoring services for residential and business customers.


DEAL STATS #
Overall 1 of 2
Sector (Safety/Security) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Florida) 1 of 1
Country (United States) 1 of 2
Year (2013) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-23 LiveWatch Security LLC

St. Mary's, Kansas, United States

LiveWatch Security LLC provides home security services offering interactive and home automation services.

Buy $67M

Seller(S) 2

SELLER

Alcentra Capital Corporation

New York, New York, United States

website


Category Mezzanine Finance Firm
Founded 1998
PE ASSETS 540M USD
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Alcentra Capital Corporation is the direct investment arm of asset management firm Alcentra. Alcentra capital looks to provide equity and subordinated debt to middle-market companies throughout North America. The Firm looks to invest $5 to $15 million per transaction in profitable companies with $5 to $15 million of EBITDA. Sectors of interest include healthcare, government services, business services, and defense. Alcentra Capital Corporation was formerly known as BNY Mellon-Alcentra Mezzanine Partners. The Group was originally established in 1998 and is based in New York City.


DEAL STATS #
Overall 22 of 37
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 7 of 16
State (Florida) 3 of 3
Country (United States) 22 of 36
Year (2013) 1 of 2
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-01 GTT Communications, Inc.

McLean, Virginia, United States

GTT is a global telecommunications carrier and network integrator serving the data communications needs of large enterprise, government and carrier clients. GTT was founded in 2005 and is based in McLean, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-28 Solvaira Specialty LP

North Tonawanda, New York, United States

Solvaira Specialty LP is a producer of powdered cellulose and fiber filler products used for food and industrial applications. Solvaira Specialty was founded in 1917 and is based in North Tonawanda, New York.

Sell -
SELLER

Oak Hill Capital Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1986
PE ASSETS 9.5B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Oak Hill Capital Partners was originally formed as the private equity investment vehicle for Robert Bass and in 1999, opened up to outside investors and raised its first private equity fund. Oak Hill looks to invest in middle-market companies and focuses its efforts within six industry groups. The six groups include basic industries; business and financial services; consumer, retail, and distribution; healthcare; media and telecom; and technology. Oak Hill targets businesses with defensible business models, strong market positions, and 'best-in-class' management. Oak Hill Capital was formed in 1986 and has offices in Stamford, Connecticut; Menlo Park, California; and New York City.


DEAL STATS #
Overall 27 of 44
Sector (Safety/Security) 2 of 2
Type (Add-on Acquisition) 13 of 20
State (Florida) 1 of 1
Country (United States) 22 of 36
Year (2013) 3 of 4
Size (of disclosed) 12 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-01 Local TV LLC

Ft. Wright, Kentucky, United States

Local TV is a major new platform of broadcast TV stations created by merging nine TV stations acquired from the New York Times Broadcast Media Group with eight TV stations acquired from News Corporation in July 2008.

Sell $2.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-01 The Container Store, Inc.

Coppell, Texas, United States

The Container Store is a specialty retailer of storage and organizational solutions. The Company currently operates highly-productive destination specialty retail stores across the U.S., an internet and mail order business, and a wholesale business. The Container Store was founded in 1978 and is based in Coppell, Texas.

Sell -