Security Networks, LLC announced that it has been acquired by Oak Hill Capital Partners (Oak Hill Capital) in partnership with Security Networks’ management team, led by CEO and president Richard W. Perry. The terms of the transaction were not disclosed.
Perry said, “We are very excited to partner with Oak Hill Capital, a leading private equity firm with a long history of helping management teams realize their strategic visions. This transaction will provide Security Networks with substantial financial resources, which will enable us to expand our geographic footprint and achieve our growth initiatives.”
Founded in 2000 by Perry and headquartered in
The company provides its monitoring services through its
UL-listed central monitoring station in
Jonathan Friesel, a partner of Oak Hill Capital, said, “We look forward to working closely with Rich and the Security Networks management team. The company has a sterling reputation for delivering exceptional service to customers, and its highly successful affiliate program is helping to drive industry leading growth. We believe our investment positions Security Networks for future success through both organic growth and strategic acquisitions.”
Senior debt financing for the transaction was arranged by Goldman Sachs Specialty Lending Group L.P. and Barclays Private Credit Partners LLC. Subordinated debt financing for the transaction was provided by BNY Mellon-Alcentra Mezzanine Partners and Northwestern Mutual Capital.