My Alarm Center Announces Sale to Oaktree

7/19/17

NEWTOWN SQUARE, Pa.--(BUSINESS WIRE)--My Alarm Center, one of the nation’s leading home security and automation providers, announced today that funds managed by Oaktree Capital Management, L.P., a leading global alternative investment management firm, have completed a controlling investment in the Company. Financial terms of the investment were not disclosed.

Thomas Casarella, a Managing Director at Oaktree, commented, “We are excited about the opportunity to partner with My Alarm Center. With a right-sized capital structure, we believe the company is now in an excellent position to continue its impressive track record of growth, and we look forward to providing the company with the financial and operational resources needed to facilitate further expansion.”

“We firmly believe that our partnership with Oaktree will allow us to accelerate growth through our organic sales channel and continue to remain competitive in both the dealer and bulk acquisition channels,” said Amy Kothari, President and CEO of My Alarm Center. “We feel well aligned with Oaktree as we both recognize the importance of not only growing the business, but continuing to provide an outstanding experience for all of our dealers, customers, and employees, which has always been at the core of our mission.”

In addition to Oaktree, a group of investors led by Ironwood Capital and Alcentra Capital Corporation also participated in the transaction and will become minority shareholders in the Company. Raymond James served as financial advisor to My Alarm Center on this transaction. Bank of America Merrill Lynch served as Lead Left Arranger and Administrative Agent for a senior credit facility with Capital Source acting as Joint Lead Arranger and Capital One, First Midwest Bank, CIT and Citizens Bankparticipating in the facility. Goldman Sachs Specialty Lending Group provided junior debt financing.

About My Alarm Center

My Alarm Center provides technologically advanced residential and small commercial security services and home automation technologies to households and businesses across the United States. Its core mission is to provide superior alarm monitoring services to keep customers out of harm's way. Whether there is an encounter with fire, carbon monoxide, or an unauthorized intrusion, My Alarm Center will be there every step of the way to keep families safe and sound, and to ensure that its customers' belongings remain intact.

Regional brands include Hawk Security Services in Texas, ACS Security in Los Angeles, Alarm Monitoring Service Of Atlanta (AMSA), and SCAN Security in New York. My Alarm Center also launched LivSecure in December 2015, an accessible and reliable self-install smart home security solution paired with 24/7 monitoring services. My Alarm Center has achieved 15 consecutive years of growth, was ranked the 11th largest security provider in the 2016 SDM100 rankings and is listed as the 7th largest residential security provider in the United States by SDM Magazine. For more information, visit www.myalarmcenter.com.

About Oaktree Capital Management

Oaktree is a leader among global investment managers specializing in alternative investments, with $100 billion in assets under management as of March 31, 2017. The firm emphasizes an opportunistic, value-oriented and risk- controlled approach to investing. Headquartered in Los Angeles, the firm has over 900 employees and offices in 18 cities worldwide. For additional information, please visit Oaktree's website at www.oaktreecapital.com.

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