Brinks Home Security Acquires 114,000 Alarm Monitoring Contracts from Protect America

June 17, 2020

Brinks Home Security (Monitronics International, Inc.) acquired approximately 114,000 residential alarm monitoring contracts from Protect America, Inc., representing about $4.6 million of recurring monthly revenue (RMR). The asset purchase included a $15.0 million upfront payment plus a structured earnout ($5 per active account/month for the first six months, then $25 per active account/month for the following 44 months), with no earnout obligation after month 50.

Buyers
Brinks Home Security (Monitronics International, Inc.)
Targets
Residential alarm monitoring contracts (Protect America, Inc.)
Sellers
Protect America, Inc.
Location
Texas, United States
Transaction Type
Divestiture

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