GE sells stake in SAFE Security

GE Capital announced Monday that it has sold its stake in alarm firm SAFE Security to Los Angeles-based private equity firm Rustic Canyon/Fontis Partners.

According to a statement issued by the company, California-based SAFE Security, which installs and services residential and commercial alarm systems, is one of the largest security alarm companies in the U.S., with operations in 44 states.

SAFE Security founder and CEO Paul Sargenti said that the sell of GE’s stake will increase the company’s “financial flexibility” and allow it to grow.

“This transaction marks a new beginning for SAFE Security, one that will build upon a solid foundation, unleash the company’s growth potential and provide us with an ability to offer an even wider array of quality products and services to our customers nationwide,” he said in the statement.