GTCR Acquires Protection One
GTCR has completed its previously-announced acquisition of Protection One Inc. (Nasdaq: PONE), a Lawrence, Kansas-based provider of electronic security services to the residential, commercial and wholesale markets. Sellers include Quadrangle Group and Monarch Capital Partners. The deal was valued at $828 million, including the refinancing of debt. Protection One stockholders received $15.50 per share, while bebt financing was provided by JP Morgan Chase Bank, Barclays Capital and TCW/Crescent Mezzanine.
6 June 2010•4 mins read
