Monitronics to Acquire Security Networks; Will Handle More than 1 Million Accounts
Ascent Capital Group Inc., announced that its primary operating subsidiary, Monitronics International Inc., signed a definitive agreement to acquire Security Networks, LLC. The resulting company would be a leading home security solutions provider with greater scale, an expanded footprint and enhanced growth prospects, the company said in a press release.
Founded in 2000, Security Networks provides monitored security system services to approximately 195,000 residential and commercial customers, making it the 14th largest residential alarm monitoring company in the United States., according to data compiled for the 2013 SDM 100.