Alert 360 Strikes Deal to Merge With My Alarm Center
The combined company will create one of the largest, full-service residential and commercial security companies in the United States.
The combined company will create one of the largest, full-service residential and commercial security companies in the United States.
By aligning the organization up and down the East Coast, My Alarm Center says it will seek to grow its base in existing markets and quickly expand its footprint into surrounding areas.
Darren Goodman is hired as senior vice president of sales, and David Corio is promoted to regional vice president of ACS Security.
The company says it expects to soon execute on several acquisitions focusing on regions where it has a strong geographic footprint.
A proposed prepackaged restructuring under Chapter 11 would hand My Alarm Center’s equity to first-lien lenders.
A restructuring plan will provide for elimination of approximately $235 million of legacy debt obligation for My Alarm Center and affiliates.
Evan Flamm, SVP of finance, and Chris Honigman, SVP of sales and marketing, will provide departmental oversight and continue company growth initiatives.
The proceeds will be used to repay a portion of the company’s first-lien debt and fund growth through branch offices and recent acquisition activity.
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