ICV Partners acquires Safe Security Inc.

Investment firm announces purchase of long-time security provider


 

ICV Partners (ICV), a leading investment firm focused on lower middle market companies, announced the acquisition of Safe Security Inc., a provider of residential and commercial security alarm systems, industry-leading monitoring services and support services. The San Ramon-based company has been led for many years by Paul Sargenti. 

 

Cory Mims, a managing director of ICV said, “Paul Sargenti has built Safe into a strong company that today  provides a valuable and compelling service to a broad and growing customer base.  The security alarm industry is highly fragmented and stable and has demonstrated resilience through the last recessionary period. We are confident that with a stable source of capital and additional expertise from ICV we can work with Paul and his strong management team to further grow the company.”

 

Safe Security is engaged in the business of purchasing, servicing and monitoring security alarm contracts. The company was founded in 1988 by chief executive officer Paul Sargenti and today provides monitoring services, installation, maintenance and other related services to homeowners and businesses across the nation. Safe sources new accounts primarily by purchasing existing security alarm contracts from other security alarm companies and develops new accounts from a broad network of dealers nationwide. Among the nation’s 12,000 security dealers, Safe's portfolio generates gross revenues that put it consistently in the top 25 U.S. alarm companies.

 

“The security alarm industry has 20 years of stable growth and our exciting new partnership with ICV will help accelerate our growth initiatives in existing and new markets," said Sargenti.  "ICV has a long history of successfully partnering with founder-owned companies and we look forward to working with them.”