Safe Security Gets New Investor and $25 Million

Earlier today, I was catching up with Renee LeBran, a partner with RC/Fontis Partners, when I realized she had just given me a bit of news.

It seems that Safe Security, which monitors alarm systems for residential and commercial properties, raised $25 million in debt financing last month. This brings total debt financing to $50 million for the company. The transaction for Safe Security follows an investment from St. Cloud earlier this year, LeBran says.

SAFE Security Switches Sponsors

GE Capital has sold its stake in SAFE Security, a San Ramon, Calif.-based security alarm company, to Rustic Canyon/Fontis Partners. No pricing terms were disclosed, except that the deal included a $25 million senior credit facility from Bank of America.

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