Contact Information: For more information regarding Imperial Capital or this transaction, please contact: Press: Anna Halloran Jacob Imperial Capital, LLC (310) 246-3675 ahalloranjacob@imperialcapital.com
Imperial Capital Advises Protect America, Inc. in Its Sale to an Investment Group Lead by Rockbridge Growth Equity, LLC
| Source: Imperial Capital
LOS ANGELES, CA--(Marketwire - January 7, 2010) - Imperial Capital announced the
closing of the sale of Protect America, Inc. ("Protect America" or "the
Company"), a leading direct-to-consumer provider of self-installed
monitored alarm systems. Imperial Capital acted as exclusive financial
advisor to Protect America and helped arrange the senior financing.
Rockbridge Growth Equity, LLC was lead equity sponsor along with Falcon
Investments, LLC and Protect America Founder Thad Paschall. CapitalSource
Bank led the senior financing syndicate which included Bank of America
Merrill Lynch and Goldman Sachs. Rooney & Associates also represented the
Company in this transaction as a consulting advisor.
Protect America, Inc. was established in 1992 and is one of the fastest
growing alarm companies in the nation. Headquartered near Austin, Texas,
Protect America has expanded over the past 17 years to provide affordable
residential security to any credit-worthy homeowner in the U.S. In the
annual surveys conducted by SDM Magazine, the leading security industry
trade publication, Protect America is consistently ranked in the Top Ten
companies in residential system installation volume over the past several
years, from over 15,000 alarm companies nationwide.
"Imperial Capital provided excellent advice and guidance through their
expertise in merger and acquisition execution and deep knowledge of the
Security industry," said Protect America Founder Thad Paschall.
"We are tremendously excited to be investing with Protect America's
talented management team. We believe Protect America is a leading force
behind the next generation of home security systems and we look forward to
helping the Company become an industry leader," said Rockbridge Growth
Equity Partner Kevin Prokop.
"Imperial Capital's investment banking team is dedicated to advising on and
executing creative, value enhancing solutions for middle market companies,
private equity funds and institutional investors," said Jason Reese,
Chairman and Chief Executive Officer of Imperial Capital. John E. Mack, III, Executive Vice President and Co-head of
Investment Banking at Imperial Capital, who represented Protect America in
this transaction, said, "Protect America's leading DIY business model,
combined with Rockbridge's direct to consumer focus, creates a financial
and strategic partnership that will lead to significant growth in the years
to come."
About Imperial Capital, LLC
Imperial Capital, founded in 1997, is a
full-service investment banking firm with offices in Los Angeles, New
York, San Francisco, Boston, Houston and Minneapolis. The firm currently
employs over 170 professionals and offers a wide range of proprietary
products and services to institutional investors, middle market companies,
and private equity firms. Imperial Capital provides institutional clients
research and sales and trading of high yield and distressed debt
securities, bank debt, convertible bonds, preferred stocks, and equities.
The firm provides middle market companies and financial sponsors with
capital markets, merger and acquisitions, capital structure, restructuring
and recapitalization advisory services. More information about Imperial
Capital can be found at www.imperialcapital.com.
About Rockbridge Growth Equity
Rockbridge Growth Equity is a private equity firm that has dedicated
capital focusing on transactions in the financial services, consumer direct
marketing, business services and sports, media & entertainment industries.
Rockbridge's current portfolio includes equity stakes in Ready Financial
Group, Northcentral University and One Reverse Mortgage. Rockbridge is
affiliated with other leading businesses in its target sectors including
Quicken Loans, the Cleveland Cavaliers, Title Source, and ePrize. More
information about Rockbridge Growth Equity can be found at
www.rbequity.com.
About Falcon Investments
Falcon Investment Advisors, LLC is a private equity firm with offices in
Boston, New York, and Dallas, specializing in providing subordinated debt
and other junior capital. Founded in July 2000 by Mr. Sandeep Alva, Falcon
has over $1 billion under management. Falcon has substantial investing
experience across a variety of industries. More information about Falcon
Investment Advisors, LLC can be found at www.falconinvestments.com.
About CapitalSource
CapitalSource Inc. (NYSE : CSE ) is a commercial lender that provides
financial products to middle market businesses and offers depository
products and services in southern and central California through its wholly
owned subsidiary CapitalSource Bank. As of September 30, 2009,
CapitalSource had total commercial assets of $10.4 billion and $4.4 billion
in deposits. The company is headquartered in Chevy Chase, MD. More
information about CapitalSource Inc. can be found at www.capitalsource.com.