Ascent Capital Group announced that its primary operating subsidiary, Monitronics International Inc., signed an agreement to acquire Security Networks for a total transaction price of $507.5 million. That amount consists of $487.5 million of cash and 253,333 newly issued shares of Ascent Series A common stock with an agreed value of $20 million.

The resulting company would serve approximately 600 security dealers and more than 1,034,000 subscribers. SDM spoke with John Orr, senior vice president of Ascent Capital Group and Mike Meyers, chief financial officer of Ascent Capital Group and Monitronics to learn more about this deal.