GTCR Announces Sale of Protection 1

Deal Is Third Successful Leaders Strategy™ Partnership with Tim Whall

CHICAGO--(BUSINESS WIRE)-- GTCR, a leading private equity firm, announced today that it has signed a definitive agreement to sell Protection 1 (“Protection 1” or the “Company”) to Apollo Global Management.

Protection 1 is among the largest providers of security alarm monitoring in the United States. The Company provides installation, maintenance and monitoring of security systems for residential, commercial and national accounts customers nationwide. Protection 1 serves nearly two million customers and employs over 3,500 people in more than 70 office locations and five UL Certified monitoring centers across the country.

In executing the Leaders Strategy™, GTCR partnered for a third time with security industry leader Tim Whall to acquire Protection 1 in 2010. Mr. Whall previously partnered with GTCR on successful investments in Cambridge Protection Industries and HSM Electronic Protection Services.

Since GTCR and Tim Whall completed the acquisition in 2010, Protection 1 materially strengthened the customer experience and improved customer retention in the Company’s core business. In addition, the Company successfully expanded into new residential and commercial sales channels through strategic acquisitions and select additions to its management team.

“The operational improvements and growth initiatives that Tim and the entire Protection 1 team accomplished over the last five years represents another excellent example of GTCR successfully executing The Leaders Strategy™,” said GTCR Managing Director David Donnini. “Tim and the entire Protection 1 team have built a tremendous platform that enjoys industry-leading operating metrics, exceptional customer service and attractive growth prospects.”

“We’d like to thank GTCR for their commitment and support in transforming Protection 1 over the last five years,” said Mr. Whall. “GTCR has been a great partner, and extremely supportive of the investments made to improve customer service and achieve long-term growth.”

“This is our third successful partnership with Tim Whall over the last 15 years,” added GTCR Managing Director Collin Roche. “His operational excellence and focus on the highest quality customer service has led to an exceptional track record of success.”

The transaction is expected to close in the second quarter of 2015.

Morgan Stanley and Raymond James served as financial advisors and Latham & Watkins LLP provided legal counsel to Protection 1 and GTCR.

About GTCR

Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare and Information Services & Technology industries. The Chicago-based firm pioneered The Leaders Strategy™ – finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. Since its inception, GTCR has invested more than $10 billion in over 200 companies. For more information, please visit www.gtcr.com.

About Protection 1

Headquartered in Romeoville, Illinois, Protection 1 is among the largest providers of security alarm monitoring in the United States. The Company provides installation, maintenance and monitoring of security systems for residential, commercial and national accounts customers nationwide. Protection 1 serves nearly 2 million customers and employs over 3,500 people in more than 70 office locations and five UL Certified monitoring centers across the country.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150519006473/en/

for GTCR
Eileen Rochford, (312) 953-3305
[email protected]

Source: GTCR

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