NEWTOWN SQUARE, Pa.-- My Alarm Center, one of the nation’s leading home security and automation providers, has announced that funds managed by Oaktree Capital Management, L.P., a global alternative investment management firm, have completed a controlling investment in the company. Financial terms of the investment were not disclosed.
Thomas Casarella, a Managing Director at Oaktree, commented: “We are excited about the opportunity to partner with My Alarm Center. With a right-sized capital structure, we believe the company is now in an excellent position to continue its impressive track record of growth, and we look forward to providing the company with the financial and operational resources needed to facilitate further expansion.”
“We firmly believe that our partnership with Oaktree will allow us to accelerate growth through our organic sales channel and continue to remain competitive in both the dealer and bulk acquisition channels,” said Amy Kothari, President and CEO of My Alarm Center. “We feel well aligned with Oaktree as we both recognize the importance of not only growing the business, but continuing to provide an outstanding experience for all of our dealers, customers, and employees, which has always been at the core of our mission.”
In addition to Oaktree, a group of investors led by Ironwood Capital and Alcentra Capital Corporation also participated in the transaction and will become minority shareholders in the company.
