Apollo Simultaneously Buys Protection 1, ASG Security
July 06, 2015
Apollo Global Management has completed the acquisition of Protection 1, a full-service business and home security company in the U.S., from GTCR. The transaction, which was reportedly valued at $1.5 billion, also includes the simultaneous acquisition of ASG Security, resulting in a combined entity that generates $40 million in monthly recurring revenue and total annual revenue in excess of $500 million. The combined entity will operate under the Protection 1 umbrella. Financing for the transaction was provided by Credit Suisse, Barclays, Deutsche Bank, Jefferies and RBC.