Alert 360 and My Alarm Center announced that they have entered into a definitive merger agreement. Funds managed by Invesco will be the majority owners of the combined business upon closing.

When combined, the company will have pro forma revenue of more than $200 million, serve approximately 350,000 customers, and employ nearly 1,000 security professionals across the United States. 

Richard Ginsburg, current president and CEO of Alert 360, will lead the combined company as CEO. He will be joined by Anastasia Bottos, current president and CEO of My Alarm Center, in the role of president and CEO of the combined business. Vickie Catina, current chief financial officer of Alert 360, will continue in that role for the combined company. Amy Kothari, current CEO Officer of My Alarm Center, will step down and remain a member of the board of directors.

“Our first focus has always been on the customer,” Ginsburg said. “We believe the combined company will be better able to serve existing and future customers through increased investments in sales, marketing, and innovation. I am very excited to work alongside such a dedicated team of employees in order to make the combined company into a truly transformational industry competitor.”

Paul Triggiani, managing director of Invesco Credit Partners, said, “We believe the residential and commercial security industry is at a key inflection point with the growth of increasingly complex home automation solutions at the forefront. To succeed, industry players need significant size, scale, and financial flexibility in order to capitalize on rapid technological progress.”

Debt financing for the acquisition is being provided by Pathlight Capital. Upon completion of the Transaction, the combined company will have one of the lowest levels of debt leverage in the smart security industry, providing it with significant financial flexibility. The Transaction is expected to close before Dec. 31, 2021, and has cleared the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.