Monitronics Obtains $70M for Long-Term Monitoring Agreements; Expands Capital to $410M
DALLAS
Monitronics Int’l Inc. has secured $70 million in private equity funding to increase acquisition of long-term monitoring agreements through its Authorized Dealer Program. This sixth round of funding will expand the total capital raised by the company to $410 million.
According to Jim Hull, president and CEO, the company’s business strategy centers on the synergistic relationship between Monitronics and its authorized dealers. “The dealers remain local and independent, while benefiting from marketing and technical assistance, monitoring services and capital provided to them by Monitronics,” says Hull. “Dealers are able to expand their sales of monitored security systems through their enhanced image as an Authorized Dealer and with our reputation for customer satisfaction.”
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