ST. LOUIS, June 12, 2018 – The Edmonds Group is pleased to announce that Select Security has closed a significant bulk account purchase from a TEG client.
TEG ran a thorough process and Select emerged as the best partner. Patrick Egan, Founder and CEO of Select Security, said, “The Edmonds Group introduced us to a great opportunity and helped to make the transaction process go smoothly and quickly. Their focus on the security alarm industry, within recurring revenue industries, gave them a uniquely helpful perspective for this transaction.”
TEG’s client, who prefers its name not be released, used the transaction to streamline its operations and the proceeds to pay down debt.
This is the third bulk account sale closed by The Edmonds Group in the last twelve months. Other bulk sales included the sale of all of AlarmForce’s US accounts and assets and the sale by Alarm Financial Services of its entire account portfolio to allow the company to focus on its lending operations.
TEG is also very active in advising alarm and PERS companies who are selling their entire business and in helping them raise debt and equity capital.
About Select Security
Headquartered in Lancaster PA, award winning Select Security is setting a higher standard for reliable security and outstanding customer service. Select Security provides home and business security, fire systems, home automation, video monitoring and access control. For more information see www.selectsecurity.com.
About The Edmonds Group, LLC
The Edmonds Group is a specialized investment bank focused on recurring revenue businesses with a particular emphasis on the security alarm, the PERS industry and related verticals. The Edmonds Group has closed over 55 transactions representing more than $3.5 billion in transaction value since its inception in 2004. For more information on The Edmonds Group, visit www.theedmondsgroup.com.