Safe Home Security announced that it has entered into a $195 million senior secured credit facility with a group of institutional investors. Safe Home will use proceeds from the financing to repay the amounts outstanding under the company’s existing credit facilities, fund growth through acquisitions in the electronic security and personal emergency response services (PERS) industries, as well as for general corporate purposes.
Safe Home is a nationwide provider of electronic security services and PERS, ranked No. 12 on the SDM 100. The company is led by David Roman, an industry veteran with over 32 years of experience.
“This transaction allows us, together with our extensive network of partners and dealers, to execute on our growth plan in the security and PERS industries,” Roman said.
“Safe Home is now well positioned for continued long-term growth and success with this new financing,” said Brad Leeflang, VP of sales at Safe Home. “After months of diligent work to finalize this transaction, Safe Home is in position to pursue additional dealers, partners and acquisitions.”
SPP Advisors LLC represented Safe Home in connection with the credit facility.