Protect America, Inc., an Austin, Texas-based direct-to-consumer provider of self-installed monitored alarm systems, has been acquired by an investment group led by Rockbridge Growth Equity, LLC.
Other investors include Falcon Investments, LLC and Protect America Founder Thad Paschall.
CapitalSource Bank led the senior financing syndicate which included Bank of America Merrill Lynch and Goldman Sachs.
Imperial Capital acted as exclusive financial advisor to Protect America and helped arrange the senior financing. At the same time, Rooney & Associates represented the company in the transaction as a consulting advisor.
Established in 1992, Protect America is one of the fastest growing alarm companies in the nation. In the annual surveys conducted by SDM Magazine, the security industry trade publication, the company is ranked in the first ten companies in residential system installation volume over the past several years, from over 15,000 alarm companies nationwide.
Commenting on the deal, John E. Mack, III, Executive Vice President and Co-head of Investment Banking at Imperial Capital, who represented Protect America in this transaction, said, “Protect America’s leading DIY business model, combined with Rockbridge’s direct to consumer focus, creates a financial and strategic partnership that will lead to significant growth in the years to come”.
FinSMEs
07/01/2010