Tag: Imperial Capital

LOS ANGELES—Imperial Capital, LLC has announced that Managing Director and Senior Security Analyst Jeff Kessler is retiring from the company after leading its security industry analysis over the past 13 years. After a 38-year run in the business, serving as senior security industry analyst for Lehman Brothers with the balance spent at Imperial Capital, Kessler has continually provided reasoned industry/company analysis to both the industry and the investment community, filling a void in...

Sorry about the classic movie reference – cue that epic western movie theme music now please – but this year will be remembered as one of the most challenging in American history, and the security industry has not been immune, with the impact of this past year being felt in all facets of the industry, certainly some more than others. The 2020 M&A market, in particular, has had some wild activity. Just in the last six months alone we have seen some big deals, most notably: Allied...

As one of the last in-person shows to take place back in February, the first annual SecurityNext conference is the last memory I have of feeling the excitement and intimacy of being right there and rubbing elbows with so many industry leaders and peers, an experience that I am sure all of us miss since COVID-19 disrupted so much of what was essential to our industry. I feel fortunate that I was able to connect on that level and look forward to a time when we can get back to some level of normalcy...

YARMOUTH, Maine—At this point in the global pandemic, unemployment is soaring; furloughs are plenty; some businesses are no longer in existence; and according Bloomberg Economics' model, chance of recession in the U.S. now stands at 100 percent. The time is now for security integrators to quickly adapt to these and other disruptions while at the same time maintaining continuous business operations and keep people safe by prioritizing what is most critical to be done. Easier said than done.The...

Recent mega deals — Alarm.com acquiring OpenEye and ADT bringing on I-View Now — couldn't be timelier as this month's News Poll looks at the topic of M&A, which seems to be as active as ever with big deals hitting what seems like weekly. These two deals, which happened within the same week, are making waves in both the residential and commercial markets. SSN caught up with John Mack, executive vice president and co-head of Investment Banking with Imperial Capital, which represented OpenEye...

This week Security Systems News reported on the sixth acquisition this year for both Convergint Technologies and ADS Security, two companies that have been very active this year on the M&A front, representing a continuing trend in this “year of the acquisition.” It turns out that the M&A landscape overall is very strong and will continue to offer opportunities for companies looking to acquire and for companies looking to be acquired, according to Imperial Capital. During his keynote presentation,...

The $600 million Interface Security Systems deal has sent—as The Beach Boys once sang—“good vibrations” throughout the security industry, as it provides not only a vote of confidence for what Interface is doing as a modern systems integration company, but also a vote of confidence in the security industry, in general, as companies like Interface represent a new breed of integrator that is staying at the forefront of new technology and innovation. John E. Mack III, executive...

ST. LOUIS and PLANO, Texas—Interface Security Systems on Aug. 3 announced the completion of a $600 million refinancing for a new capital structure that will facilitate strategic growth and expansion, with substantial contributions of new growth equity capital of $125 million from SunTx Capital Partners and Prudential Capital Partners.Pursuant to the $600 million refinancing, the company's existing debt—including the $50 million Capital One revolving credit facility, the $230 million senior...

PEARL RIVER, N.Y.—OnSSI announced on July 11 the completion of a $16 million private placement by Seacoast Capital, an institutional investor focused on high quality companies based in the U.S., with Imperial Capital acting as financial advisor and placement agent.“The financing we received from Seacoast Capital, a leading institutional investor, recognizes the OnSSI Group's innovative video surveillance solutions and business potential,” Yoav Millet, CFO, OnSSI Group, told Security...

TYSONS, Va. and PHILADELPHIA—Interactive services platform provider Alarm.com and cable giant Comcast today signed agreements to acquire different business units of platform provider Icontrol Networks, based in Redwood City, Calif.Security Systems News reported on the potential deal on June 15.Alarm.com, a direct competitor to Icontrol, will acquire the Connect and Piper business units from Icontrol for approximately $140 million.Comcast will acquire Icontrol's "Converge" software platform,...