Rockbridge Growth Equity has acquired Kings III Emergency Communications, a provider of emergency monitoring services to building owners and property managers.
Kings III provides turnkey emergency monitoring services for building owners and property managers including hardware, installation, monitoring and maintenance services for its on-site emergency phones. The company’s services and products are used by more than 23,000 customers in elevators, at poolside’s, in stairwells, in parking garages, on parking lots, with AEDs (Automated External Defibrillators), in parks, greenbelts, stadiums and arena locations. Kings III was founded in 1989 and is based in Dallas (www.kingsiii.com).
According to Rockbridge, Kings III is unique because it is fully integrated to provide turnkey services. The company not only designs, engineers and manufacturers its equipment, but also has a state-of-the-art, 24/7 emergency dispatch center staffed with operators that have higher certification levels than are often required in 911 emergency response centers.
“We always look for investments that have an attractive value proposition and exciting growth opportunity, this along with Kings III’s loyal customer base and its core values, made it a natural fit with Rockbridge,” said Brian Hermelin, Managing Partner, Rockbridge Growth Equity. “We’re excited to partner with Kings III and leverage the world-class sales and marketing expertise within our family of companies to help the company with its expansion.”
“The partnership between Kings III and Rockbridge Growth Equity represents an exciting new chapter for Kings III and one best described as an unparalleled opportunity for accelerated growth,” said Dennis Mason, CEO of Kings III.
Rockbridge Growth Equity invests in financial and business services, consumer-direct marketing, and sports, media & entertainment industries. Rockbridge owns equity stakes in Northcentral University, Protect America, Connect America, RapidAdvance, Gas Station TV, ABUV Media and Robb Report, and is affiliated with other businesses in its target sectors including Quicken Loans and the Cleveland Cavaliers. The firm is located in Detroit (www.rbequity.com).
Raymond James was the financial advisor to Kings III.
© 2017 Private Equity Professional | June 26, 2017
