Oak Hill Capital Partners Acquires Security Networks

  • Nov 12, 2010

Security Networks, LLC has been acquired by Oak Hill Capital Partners in partnership with Security Networks’ management team, led by CEO and President Richard W. Perry. The terms of the transaction were not disclosed.

Founded in 2000 by Perry and headquartered in West Palm Beach, Fla., Security Networks is one of the largest and fastest growing providers of home security services in the United States.

The company provides high quality life safety systems and services, including the sale, installation, monitoring and maintenance of residential and commercial Security Alarms and related products. The company provides its monitoring services through its UL-listed Central Monitoring operations, which have been recognized as “Five Diamond Certified” by the Central Station Alarm Association. The company’s customer service has been accredited by the Better Business Bureau, which rated the company “A+” for reliability and customer satisfaction. Security Networks works with its rapidly growing network of exclusive affiliate partners, which provide sales and installation support on behalf of the company to its customers.

Perry said, “We are very excited to partner with Oak Hill Capital, a leading private equity firm with a long history of helping management teams realize their strategic visions. This transaction will provide Security Networks with substantial financial resources, which will enable us to expand our geographic footprint and achieve our growth initiatives.”

Jonathan Friesel, a partner of Oak Hill Capital, said, “We look forward to working closely with Rich and the Security Networks management team. The company has a sterling reputation for delivering exceptional service to customers, and its highly successful affiliate program is helping to drive industry leading growth. We believe our investment positions Security Networks for future success through both organic growth and strategic acquisitions.”

Senior debt financing for the transaction was arranged by Goldman Sachs Specialty Lending Group L.P. and Barclays Private Credit Partners LLC. Subordinated debt financing for the transaction was provided by BNY Mellon-Alcentra Mezzanine Partners and Northwestern Mutual Capital.

Oak Hill Capital Partners is a private equity firm with more than $8.2 billion of committed capital from leading entrepreneurs, endowments, foundations, corporations, pension funds and global financial institutions.

Featured

  • Brivo, Eagle Eye Networks Merge

    Dean Drako, Chairman of Brivo, the leading global provider of cloud-native access control and smart space technologies, and Founder of Eagle Eye Networks, the global leader in cloud AI video surveillance, today announced the two companies will merge, creating the world’s largest AI cloud-native physical security company. The merged company will operate under the Brivo name and deliver a truly unified cloud-native security platform. Read Now

  • Security Industry Association Announces the 2026 Security Megatrends

    The Security Industry Association (SIA) has identified and forecasted the 2026 Security Megatrends, which form the basis of SIA’s signature annual Security Megatrends report defining the top 10 factors influencing both near- and long-term change in the global security industry. Read Now

  • The Future of Access Control: Cloud-Based Solutions for Safer Workplaces

    Access controls have revolutionized the way we protect our people, assets and operations. Gone are the days of cumbersome keychains and the security liabilities they introduced, but it’s a mistake to think that their evolution has reached its peak. Read Now

  • A Look at AI

    Large language models (LLMs) have taken the world by storm. Within months of OpenAI launching its AI chatbot, ChatGPT, it amassed more than 100 million users, making it the fastest-growing consumer application in history. Read Now

  • First, Do No Harm: Responsibly Applying Artificial Intelligence

    It was 2022 when early LLMs (Large Language Models) brought the term “AI” into mainstream public consciousness and since then, we’ve seen security corporations and integrators attempt to develop their solutions and sales pitches around the biggest tech boom of the 21st century. However, not all “artificial intelligence” is equally suitable for security applications, and it’s essential for end users to remain vigilant in understanding how their solutions are utilizing AI. Read Now

Most   Popular

New Products

  • FEP GameChanger

    FEP GameChanger

    Paige Datacom Solutions Introduces Important and Innovative Cabling Products GameChanger Cable, a proven and patented solution that significantly exceeds the reach of traditional category cable will now have a FEP/FEP construction.

  • Compact IP Video Intercom

    Viking’s X-205 Series of intercoms provide HD IP video and two-way voice communication - all wrapped up in an attractive compact chassis.

  • Mobile Safe Shield

    Mobile Safe Shield

    SafeWood Designs, Inc., a manufacturer of patented bullet resistant products, is excited to announce the launch of the Mobile Safe Shield. The Mobile Safe Shield is a moveable bullet resistant shield that provides protection in the event of an assailant and supplies cover in the event of an active shooter. With a heavy-duty steel frame, quality castor wheels, and bullet resistant core, the Mobile Safe Shield is a perfect addition to any guard station, security desks, courthouses, police stations, schools, office spaces and more. The Mobile Safe Shield is incredibly customizable. Bullet resistant materials are available in UL 752 Levels 1 through 8 and include glass, white board, tack board, veneer, and plastic laminate. Flexibility in bullet resistant materials allows for the Mobile Safe Shield to blend more with current interior décor for a seamless design aesthetic. Optional custom paint colors are also available for the steel frame.