My Alarm Center, a Newtown Square, PA-based residential security and home automation provider, secured $10m in additional funding.
The round was led by Ironwood Capital with participation from Alcentra, Saratoga Investment Corporation, NXT Capital and OFS Capital. The $10m is additional second-lien debt, an increase of the $50m second-lien term loan to $60m.
The proceeds will go to repay a portion of the company’s first-lien debt and fund growth through branch offices and recent acquisition activity.
Led by Amy Kothari, president and CEO, My Alarm Center provides advanced residential and small commercial security services and home automation technologies to households and businesses across the United States. Its regional brands include Hawk Security Services in Texas, Alarm Monitoring Service Of Atlanta (AMSA), SCAN Security of Long Island, NY, and ACS Security in Los Angeles.
In December 2015, My Alarm Center also launched LivSecure, a self-install smart home security solution paired with 24/7 monitoring services.