CastleRock Security Holdings, Inc.

Client Profile
CastleRock owned, monitored and serviced over 16,000 residential and commercial alarm accounts in 46 states and provinces. The accounts were aggregated primarily with summer sales model contracts from independent security alarm dealers who sell and install security alarm systems to residential and light commercial customers located in the United States and Canada.
Situation
SSG was retained as CastleRock’s investment banker to explore a sale of the Company’s alarm portfolio. SSG conducted a comprehensive marketing process which resulted in a number of offers from industry-leading companies in the security alarm space.
Solution
Working closely with MorrisAnderson, the Company’s financial advisor, SSG was able to negotiate and close a transaction with Security Alarm Financing Enterprises, L.P. (“SAFE Security”). The Asset Purchase Agreement had a short holdback period and limited contingencies, both of which were critical for CastleRock’s stakeholders. Founded in 1988, SAFE Security consistently ranks among the top 30 largest security alarm companies in the United States, and is one of the few fully national alarm companies with operations in 50 states, Puerto Rico and Canada.