ICV Partners Acquires SAFE Security

ICV Partners Acquires SAFE Security

ICV Partners has acquired SAFE Security, a provider of residential and commercial security alarm systems, monitoring services, and support services.

SAFE Security provides alarm monitoring services, installation, maintenance and other related services to homeowners and businesses across the nation.  The company was founded in 1988 by CEO Paul Sargenti and is based in San Ramon, CA (www.safesecurity.com).  SAFE sources new accounts primarily by purchasing existing security alarm contracts from other security alarm companies and develops new accounts from a network of dealers nationwide.  Among the nation’s 12,000 security dealers, SAFE’s portfolio generates gross revenues that put it consistently in the top 25 U.S. alarm companies.

“Paul Sargenti has built SAFE into a strong company that today provides a valuable and compelling service to a broad and growing customer base.  The security alarm industry is highly fragmented and stable and has demonstrated resilience through the last recessionary period. We are confident that with a stable source of capital and additional expertise from ICV we can work with Paul and his strong management team to further grow the company,” said Cory Mims, a Managing Director of ICV.

ICV Partners invests in family-owned and closely-held businesses as well as corporate divestitures with revenues from $25 million to $250 million and EBITDAs from $5 million to $30 million. The firm has $440 million in capital under management and has offices in New York and Atlanta (www.icvpartners.com).

“The security alarm industry has 20 years of stable growth and our exciting new partnership with ICV will help accelerate our growth initiatives in existing and new markets.  ICV has a long history of successfully partnering with founder-owned companies and we look forward to working with them,” said Mr. Sargenti.

© 2012 PEPD • Private Equity’s Leading News Magazine • 12-5-12

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