On Feb. 23, Monitronics International Inc., Dallas, acquired LiveWatch Security, LLC, Evanston, Ill., a Do-It-Yourself (DIY)  home security provider offering interactive and home automation services for approximately $67 million.  With over $900,000 of recurring monthly revenue, LiveWatch provides professionally monitored security system services to over 32,000 customers across all 50 states and Puerto Rico.

In conjunction with this transaction, Monitronics has expanded its revolving credit facility by $90 million. The transaction was financed with debt under the expanded revolver and cash from Ascent, which owns Monitronics. Ascent Chairman and CEO Bill Fitzgerald stated the acquisition will help Monitronics to continue expanding its service offerings and distribution channels.