Business Description:
Protect America is a leading direct-to-consumer provider of self-installed monitored alarm systems. The Company was established in 1992 and is one of the fastest growing alarm companies in the nation. Headquartered near Austin, Texas, Protect America has expanded over the past 17 years to provide affordable residential security to homeowners in the U.S. In the annual surveys conducted by SDM Magazine, the leading security industry trade publication, Protect America is consistently ranked among the Top Ten companies in residential system installation volume out of more than 15,000 alarm companies nationwide.
Falcon Solution:
Falcon partnered with a private equity group and management to acquire Protect America. Falcon provided a flexible capital structure during an unprecedented period of uncertainty in the senior market that proved to be critical to the success of the transaction. Falcon invested senior subordinated notes with warrants and convertible preferred stock to supplement the common equity provided by management and the private equity group.
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Industry:
Residential alarm systems
Sponsor:
Private equity group
Securities:
Senior subordinated notes and convertible preferred stock
Financing Challenge:
Uncertain economic and industry climate and dislocation in the financial markets
Exit Date:
Current investment
Company Website:
www.protectamerica.com |