BOSTON, MA — Riverside Partners LLC, a Boston based private equity firm, announced today that it has completed a majority equity investment in Alarm Funding Associates (“Alarm Funding” or the “Company”). Based in West Chester, PA, Alarm Funding Associates is the leading provider of security funding, acquisition, and support services dedicated to helping full service residential and commercial alarm operating companies continue to grow. Through its broad network of local and regional alarm company partners, Alarm Funding is the 20th largest alarm monitoring provider in the US.
“We are thrilled to have expanded our business services portfolio with the investment in Alarm Funding Associates,” said Ian Blasco, General Partner at Riverside Partners. “Greg, Joe and the rest of the management team have built a wonderful business foundation based on a highly differentiated business model that is unique in the market. We believe that this business model is the secret to Alarm Funding’s rapid growth in recent years and are excited to work with Greg and the team on the Company’s continued growth.”
“We look forward to working with Riverside to help us expand our effort to assist our alarm company partners with their businesses,” said Greg Westhoff, CEO of Alarm Funding.
This investment comes at a time of significant growth for Alarm Funding. The Company is actively seeking to expand its network of local and regional alarm company partners throughout the United States.
About Riverside Partners
Founded in 1989, Riverside Partners is a middle market private equity firm currently investing Riverside Fund V, L.P. The fund focuses on growth-oriented companies primarily in the healthcare and technology industries. Riverside Partners is particularly experienced at partnering with founders, owners and management teams and it brings substantial domain expertise and operating experience to its portfolio companies. Riverside Partners seeks to make investments in companies with revenues between $20 and $200 million and with $5-$25 million of EBITDA. For more information, please visit www.riversidepartners.com.
About Alarm Funding Associates
Alarm Funding Associates is an advisory and financial support platform dedicated to helping full service alarm operating companies continue to grow while also allowing them to retain their brand and continue to service their current customers. Alarm Funding Associates is currently the 20th largest security alarm provider in the United States.
Riverside Partners Contact:
Ian Blasco
General Partner
iblasco@riversidepartners.com