In a year that saw ADT (No. 1 on the SDM 100) buy Broadview Security (No. 2 on the SDM 100) and Protection One (No. 3 on the SDM 100) acquired by GTCR, 2010 came to a close with one more major acquisition in the security industry. After months of speculation that Monitronics International Inc. (No. 4 on the SDM 100) was on the sale block, Ascent Media Corporation, Englewood. Colo., announced it acquired Monitronics. That’s all four companies at the top of the SDM 100 involved in an acquisition in the same year.
According to a press release from Ascent Media Corporation, the transaction was valued at approximately $1.2 billion, exclusive of certain hedge-related and other liabilities but including the assumption of Monitronics’ existing structured financing. The cash portion of the merger consideration comprised an aggregate of $413 million and was funded by Ascent from cash on hand and $105 million in borrowings under a new $175 million credit facility.