Brinks Home Security Settles Lawsuit With Edge Home Security
The case, which was filed in Federal Court in North Carolina, centered on deceptive sales practices by Utah-based Edge Home Security.
The case, which was filed in Federal Court in North Carolina, centered on deceptive sales practices by Utah-based Edge Home Security.
Niles joined Brinks Home Security in September 2019 as executive vice president and general counsel, and was named interim CEO in February.
William Niles discusses the company’s strategy to return to profitability after a years-long battle contending with hefty debt and high attrition.
During the three and six month periods, Monitronics added 9,808 and 21,705 subscriber accounts, respectively, through its dealer channel.
The company will take ownership of the residential contracts at closing through an earnout structure that includes a $15 million upfront payment.
Jeff Gardner has stepped down from his position as CEO of Brinks Home Security. Chief Transformation Officer William Niles will take over on an interim basis.
Adjusted EBITDA totaled $62.5 million and $204.5 million in the three and nine months, respectively, compared to $71.3 million and $213.5 million in the prior year periods.
Prior to race day, Brinks employees assembled 600 refill packs for local elementary students and constructed home walls for Habitat for Humanity.
Proceeds will benefit children attending Farmers Branch Elementary, Habitat for Humanity Dallas, and children living in poverty across the U.S.
Newly merged with Ascent Capital Group, the company’s biggest shareholders are now EQT Partners and Brigade Capital Management.
This next installment of the SSI Industry Hall of Fame Webcast Series features Jim Henry, executive vice president of corporate development for Securitas Electronic Security.
Discover which residential and commercial devices, systems and services are best lending themselves to the recurring monthly revenue model
