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Read: Monitronics Interim CEO Details ‘Rapid Reset Program’

Monitronics Interim CEO Details ‘Rapid Reset Program’

William Niles discusses the company’s strategy to return to profitability after a years-long battle contending with hefty debt and high attrition.

Read: Monitronics Reports Improved 2nd Quarter Earnings

Monitronics Reports Improved 2nd Quarter Earnings

During the three and six month periods, Monitronics added 9,808 and 21,705 subscriber accounts, respectively, through its dealer channel.

Read: Brinks Home Security Acquires 114K Accounts From Protect America

Brinks Home Security Acquires 114K Accounts From Protect America

The company will take ownership of the residential contracts at closing through an earnout structure that includes a $15 million upfront payment.

Read: Brinks Home Security CEO Steps Down, Interim Named

Brinks Home Security CEO Steps Down, Interim Named

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.

Read: Monitronics Reports 3rd Quarter Earnings Results

Monitronics Reports 3rd Quarter Earnings Results

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.

Read: Monitronics Emerges From Chapter 11, Eliminates $885M of Debt

Monitronics Emerges From Chapter 11, Eliminates $885M of Debt

Newly merged with Ascent Capital Group, the company’s biggest shareholders are now EQT Partners and Brigade Capital Management.

Read: Monitronics Expects to Emerge From Chapter 11 in Early September

Monitronics Expects to Emerge From Chapter 11 in Early September

The wholesale monitoring and smart home services provider says it will reorganize with significantly less debt and access to new sources of capital.

Read: Brinks Home Security Appoints Chris Moloney as CMO, SVP of E-Commerce

Brinks Home Security Appoints Chris Moloney as CMO, SVP of E-Commerce

Moloney brings more than two decades of experience to his new role, including serving as CMO for Experian, Wells Fargo Advisors, TaxSlayer and Scottrade.

Read: Ascent Capital Group Will Voluntarily Delist From Nasdaq

Ascent Capital Group Will Voluntarily Delist From Nasdaq

The company originally intended to appeal the delisting, but determined it wouldn’t be worth the cost in time and resources.

Read: Monitronics Reorg Fallout: Dealer Program Model Losing Luster, Industry Experts Say

Monitronics Reorg Fallout: Dealer Program Model Losing Luster, Industry Experts Say

As Monitronics aims to eliminate suffocating debt, plentiful access to capital has led alarm companies to be less reliant on dealer-program financing.

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