Mountain Alarm Closes on $50M Debt Facility
The Edmonds Group served as exclusive financial adviser to Mountain Alarm for the refinancing as it plans to grow its portfolio of safety and security systems.
OGDEN, Utah — Mountain Alarm announces the closing of a new $50 million debt facility. Pacific Western Bank led the facility with Eastern Bank participating. The Edmonds Group served as exclusive financial adviser to the company for the refinancing.
“We are very pleased with the attractive terms of this new facility. It provides Mountain Alarm with substantial dry power to fund our growth and pursue acquisitions,” states Eric Garner, president and CEO of Mountain Alarm.
Garner continues, “We greatly appreciated the support we received from Henry Edmonds and his team. They exceeded our expectations in helping us achieve the pricing and flexibility we were looking for.”
The Edmonds Group is a specialized investment bank focused on recurring revenue businesses with a particular emphasis on the security alarm industry, the PERS industry and related verticals.
“Mountain Alarm has a great leadership team and a strong business model. The new facility will allow them to continue on their path to becoming a super-regional alarm company,” says Henry Edmonds, president of The Edmonds Group.
Will Schmidt, Managing Director of Pacific Western Bank’s Security Lending Group adds, “Pacific Western Bank is pleased to extend our long partnership with Mountain Alarm and welcome Eastern Bank to the team. The expanded facility, combined with Mountain’s strong operating performance and thoughtful acquisition strategy, positions the company for continued success.”
Mountain Alarm is a family owned and operated business. As an Alarm.com dealer, the company provides residential and commercial security and fire protection.
“We are proud to partner with Mountain Alarm as it plans for growth in high quality safety and security solutions, and to work with The Edmonds Group and Pacific Western Bank in supporting this family-owned business leader,” says Greg Buscone, Executive Vice President, Senior Commercial Banking Officer of Eastern Bank.
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