SAFE Security Buys 24k Accounts from Pinnacle Security
February 11, 2013
SAFE Security, an ICV Partners portfolio company that provides security alarms, has acquired 24,000 security alarm monitoring subscriber accounts from Pinnacle Security. The newly acquired accounts represent $1.1 million of recurring monthly revenue. The transaction helps expand SAFE's national footprint, which already included operations in 44 states nationwide. ICV acquired SAFE in 2012. Pinnacle Security is a portfolio company of Golden Gate Capital.