Interface Security Systems LLC, St. Louis, Mo., has acquired the assets of Hawk Security Services from its parent, Progressive Concepts Inc. Hawk Security is one of the largest independent security companies in Texas with offices in Dallas/Fort Worth, San Antonio and Tyler. The company provides monitored electronic security services to more than 12,500 subscribers, approximately 75 percent residential and 25 percent commercial. Hawk also provides specialized infant location monitoring, identification and protection systems, sold under the trademark Hawk Healthcare, to hospitals throughout Texas.
While details of the transaction are confidential, Interface’s investors, lead by Dallas-based equity sponsor SunTx Capital Partners, provided equity financing for the transaction and CapitalSource LLC arranged the debt financing.