Golden Gate Capital acquires Pinnacle

Security company official says deal will help the organization meet growth goals

Pinnacle Security announced on Tuesday that it has been acquired by the San Francisco-based equity firm Golden Gate Capital. Financial terms of the deal, which was done in conjunction with Pinnacle’s management, have not yet been disclosed.

In a statement issued by the security company, Orem, Utah-based Pinnacle said that the partnership with Golden Gate Capital would improve the company’s growth and help it become a “more diversified international security company.”

"Were really excited about it," Pinnacle Chief Operations Officer Steve Hafen said of the new partnership."We feel like Golden Gate is a great partner for us because they understand the model, meaning the door-to-door sales model. They have investments in a number of other companies that are in the door-to-door industry and we just felt like it’s a good partnership that allows us to continue to meet some of the goals we have as an organization around growth."

Pinnacle Security is a distributor of residential and commercial security systems. Focusing primarily on direct sales, the company has offices throughout major metropolitan areas in the U.S.