ST. LOUIS, February 27, 2015 – AvantGuard Monitoring Centers, through its sister company, Freeus, LLC, has acquired substantially all of the PERS assets of Cary, North Carolina based Securus, Inc. today. Securus will retain its GPS tracking business.
The Edmonds Group, LLC acted as exclusive advisor to Securus, Inc. for the transaction. Tom Collopy, President of Securus, said, “The Edmonds Group played an essential role in helping negotiate and close the transaction. Henry Edmonds and his team helped us navigate a number of important and difficult issues and achieve a win-win outcome for all parties.”
“The combination of the Securus’ PERS offering with AvantGuard’s world class monitoring will offer a compelling solution for dealers” said Henry Edmonds, President of The Edmonds Group.
“Securus has been a valuable wholesale monitoring customer for AvantGuard Monitoring. It has been exciting to watch their exponential growth due to their innovative Mobile PERS products, eResponder and eCare+Voice,” said Josh Garner, President and CEO of AvantGuard. “We are excited about the PERS growth opportunities that we can bring our dealers by combining the two businesses and appreciate The Edmonds Group’s help in closing the transaction.”
Post-closing, Freeus anticipates the release of new product offerings, including the next generation 3G version of eResponder, Securus’ flagship product. Freeus’ new website will be live shortly at www.freeus.com.
“AvantGuard will continue to monitor all major PERS product lines” said Garner. “Freeus and AvantGuard will be run as two separate companies. While we expect advantages due to the tighter integration between Freeus and AvantGuard, Freeus will have to compete for dealers’ business like any other provider.”
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 and PERS industries. The Edmonds Group has closed over 40 transactions representing more than $3 billion in transaction value since its inception in 2004. For more information on The Edmonds Group, please visit www.theedmondsgroup.com.
About Securus, Inc.
Securus, Inc. will continue to provide GPS tracking and mobile safety and security solutions through dealers and retailers. For more information on Securus, please visit www.securusgps.com.
About AvantGuard Monitoring
AvantGuard is an independent wholesale alarm monitoring company that provides services to dealers and their subscribers nationwide from two fully redundant, UL Listed, Central Station Alarm Association (CSAA) Certified Five Diamond central stations. They are considered a leader in the alarm monitoring industry. For more information on AvantGuard, please visit www.agmonitoring.com.
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