UPDATED 05/15 - In a newly official business partnership six months in the making, NorthStar Alarm Services, Orem, Utah. entered into a transaction to recapitalize the company with a group of new investors including Goldman Sachs and The Beekman Group. NorthStar also expanded its current credit facility to $40 Million with Bank of America and Zions Bank.

The company believes this is an ideal partnership due to Goldman Sachs’ previous success and experience in the alarm industry and Beekman’s proven track record of developing a culture of excellence within its management teams.