LOS ANGELES, CA--(Marketwired - Aug 8, 2013) - Imperial Capital, LLC announced that it acted as exclusive financial advisor to Devcon Security International, a portfolio company of Golden Gate Capital, in the sale of Devcon Security Holdings, Inc. ("Devcon" or the "Company") in its sale to The ADT Corp. (
"This transaction demonstrates the strength of Imperial Capital's security industry investment banking expertise and the benefit of our extensive industry relationships. We are thrilled to have helped maximize value for the shareholders of Devcon," said John E. Mack III, EVP, Managing Director and Co-Head of Investment Banking at Imperial Capital.
About Imperial Capital, LLC
Imperial Capital, founded in 1997, is a full-service investment banking firm with offices in Los Angeles, New York, San Francisco, Boston, Chicago, London, Minneapolis and McLean, VA. The firm currently employs over 250 professionals and offers a wide range of proprietary products and services to institutional investors, middle market companies, and private equity firms. The firm provides middle market companies and financial sponsors with capital markets, merger and acquisitions, capital structure, restructuring and recapitalization advisory services. More information about Imperial Capital can be found at www.imperialcapital.com.
About Devcon Security International, Inc.
Devcon offers electronic security alarm monitoring services, including monitoring of burglary, fire, video, and security access systems to residential and commercial customers. First established in 1951 as a construction and materials business, Devcon transitioned into the alarm monitoring industry in 2004 through the roll-up and integration of ten acquisitions between 2004 and 2008, becoming a leading regionally-focused company. This level of customer concentration provides tremendous brand recognition, significant operating leverage, and enables a high quality level of customer service. The Company is headquartered in Hollywood, Florida. More information about Devcon can be found at www.devconsecurity.com.
About Golden Gate Capital
Golden Gate Capital is a San Francisco-based private equity investment firm with more than $12 billion of capital under management. Golden Gate Capital partners with world-class management teams to invest in change-intensive, growth businesses where there is a demonstrable opportunity to significantly enhance a company's value. The principals of Golden Gate Capital have a long and successful history of investing with management partners across a wide range of industries and transaction types, including going-privates, corporate divestitures, and recapitalizations, as well as debt and public equity investments. Other notable IT and Business Services investments sponsored by Golden Gate Capital include CedarCrestone, Clover Technologies Group and Sierra Systems. For more information, visit www.goldengatecap.com.
- Mergers, Acquisitions & Takeovers
- Golden Gate Capital
- Imperial Capital