ST. LOUIS, October 25, 2017 – Alarm Financial Services (“AFS”) has sold its portfolio of alarm monitoring accounts to a major alarm industry strategic buyer. After the transaction, AFS will focus exclusively on growing its existing loan division which provides loans to small to medium sized alarm dealers.
Jim Wooster Jr., President of AFS said, “We have been more focused on our loan division in the last few years and decided that it was time to sell the account portfolio acquired through our legacy dealer program. This step will allow us to streamline our operations and put all of our energy into loan opportunities.”
The Edmonds Group served as exclusive financial adviser to Alarm Financial Services. Henry Edmonds, President said, “The father-son team of the Woosters has been active in the alarm industry for many years. It was a privilege to help them find the right partner for this transition.”
Jim Wooster Jr. added, “We have had a unique business model in the alarm industry. The Edmonds Group identified the best buyer for our accounts, one who will provide outstanding service to our customers and dealers and who also recognized the value of what we built over the last 30 years.”
About Alarm Financial Service
Alarm Financial Services provides funding programs for operating alarm dealers throughout the United States. Founded in 1987, AFS is a leading funding source for alarm dealers and is the oldest such funding company in the United States. For more information on AFS’s loan program, please visit alarmfunding.com.
About The Edmonds Group, LLC
The Edmonds Group is a specialized investment bank focused on recurring revenue businesses with a particular emphasis on the security alarm, the PERS industry and related verticals. The Edmonds Group has closed over 55 transactions representing more than $3.5 billion in transaction value since its inception in 2004. For more information on The Edmonds Group, visit www.theedmondsgroup.com.
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