M&A Deal Summary

Monitronics International Acquires Protect America

On June 17, 2020, Monitronics International acquired safety/security company Protect America from Rockbridge Growth Equity and Onex Falcon

Acquisition Highlights
  • This is Monitronics International’s 3rd transaction in the Safety/Security sector.
  • This is Monitronics International’s 3rd transaction in the United States.
  • This is Monitronics International’s 1st transaction in Texas.

M&A Deal Summary

Date 2020-06-17
Target Protect America
Sector Safety/Security
Buyer(s) Monitronics International
Sellers(s) Rockbridge Growth Equity
Onex Falcon
Deal Type Add-on Acquisition

Target

Protect America

Austin, Texas, United States
Protect America is a direct-to-consumer provider of self-installed monitored alarm systems. Protect America's proprietary marketing, sales and low-cost fulfillment system appeals to both the do-it-yourself ("DIY") and traditional alarm customer market. Protect America was founded in 1992 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

Monitronics International

Dallas, Texas, United States

Category Company
Founded 1994
Sector Safety/Security
DESCRIPTION

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


DEAL STATS #
Overall 3 of 3
Sector: Safety/Security M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
State: Texas M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-23 LiveWatch Security

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

Rockbridge Growth Equity

Detroit, Michigan, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2007
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Rockbridge Growth Equity is a private equity firm focused on growth businesses in service-driven industries. Areas of interest include consumer direct marketing, business services, financial services, and sports/media/entertainment companies. Rockbridge's target investment size is $20 to $100 million. The Firm prefers control positions but will consider select minority investments. Rockbridge Growth Equity was formed in 2007 and is based in Livonia, Michigan.


DEAL STATS #
Overall 7 of 10
Sector: Safety/Security M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
State: Texas M&A 1 of 2
Country: United States M&A 7 of 10
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-29 ProSites

Murrieta, California, United States

ProSites is a provider of website design and online marketing solutions that help professionals achieve measurable practice growth. Their comprehensive suite of solutions includes ready-to-go and custom website design, search engine marketing, social media management, automated patient communications, and pay-per-click solutions. ProSites was founded in 1999 and is based in Murrieta, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-29 Quartile

New York, New York, United States

Quartile is an artificial intelligence and machine learning-powered ad optimization platform for leading e-commerce marketplace sellers, such as Amazon, Walmart.com, and Instacart. Quartile was founded in 2016 and is based in New York, New York.

Buy -
SELLER

Onex Falcon

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Onex Falcon is a mezzanine finance firm that provides junior capital for North American businesses. Falcon looks to provide $30 to $150 million of subordinated debt to companies with EBITDA of at least $10 million. Falcon has no specific industry focus. Investment proceeds are typically used to support LBOs/MBOs, growth and acquisition financings, restructuring, recapitalizations, take privates, and generational ownership transfers. Onex Falcon was formed in 2000 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 34 of 35
Sector: Safety/Security M&A 2 of 2
Type: Add-on Acquisition M&A Deals 15 of 15
State: Texas M&A 9 of 9
Country: United States M&A 34 of 35
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-01 Vision Group Holdings

Miami, Florida, United States

Vision Group Holdings is a provider of LASIK eye treatment to patients. Vision Group Holdings is based in Miami, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 TCC Wireless

Bloomingdale, Illinois, United States

TCC Wireless operates wireless retail stores in several cities throughout the Midwest and Northeast United States. TCC Wireless was founded in 2013 and is based in Bloomingdale, Illinois.

Sell -