ST. LOUIS (January 30, 2009) – The Edmonds Group (“TEG”) closed six transactions in 2008. TEG has now closed $1.5 billion in total transaction value since its formation in 2004.
Five of the six transactions were in the security alarm industry. “In spite of very difficult conditions in the broader capital markets, lenders and private equity firms are still closing deals in the alarm industry and valuations are holding” said Henry Edmonds, founder and President of TEG.
TEG closed four financings during the year, two related to acquisitions: TEG represented Fortress Investment Group and Goldman Sachs in negotiating and closing a $100 million revolving credit/ term loan facility, worked with C.O.P.S. Monitoring (Williamstown, NJ) to help them raise $40 million in financing to complete an acquisition of wholesale monitoring business assets, represented Burnes-Citadel (St. Louis, MO) in the acquisition of a competitor; and, in its only non-alarm industry transaction, advised Waste Remedies (St. Louis, MO) in raising new growth capital and completing a recapitalization.
TEG also represented two alarm industry sellers on confidential sale assignments. Collectively they sold approximately $75 million of assets. Both transactions were at RMR multiples consistent with transactions closed in prior years, supporting TEG’s position that alarm industry valuations are holding.
The Edmonds Group is a specialized investment bank focused on recurring revenue industries with a particular emphasis on the security alarm industry. TEG helps clients achieve the best possible outcome in the financial markets whatever their goals – raising debt or equity, buying or selling a business or business assets, identifying potential investments or recapitalizing their business.
Henry Edmonds, founder and President of TEG, was the co-founder and CEO of SLP Capital, the leading specialty lender to the alarm industry at the time of its sale in 2004. In addition to his fourteen years at SLP, Edmonds spent four years as an investment banker with PaineWebber in New York. Mr. Edmonds has an MBA from Harvard Business School and a BS, with distinction, in civil engineering from the University of Virginia. For more information please visit www.theedmondsgroup.com .
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