Acquisition / November 8, 2010

Oak Hill Capital Partners Acquires Security Networks, Leading Provider of Home Security Services

For Immediate Release

Investment Will Enable Company to Expand Business Through Organic Growth and Strategic Acquisitions


West Palm Beach, FL – November 8, 2010– Security Networks, LLC (“Security Networks”) announced today that it has been acquired by Oak Hill Capital Partners (“Oak Hill Capital”) in partnership with Security Networks’ management team, led by CEO and President Richard W. Perry. The terms of the transaction were not disclosed.

Founded in 2000 by Mr. Perry and headquartered in West Palm Beach, Florida, Security Networks is one of the largest and fastest growing providers of home security services in the United States. The company is a leading provider of high quality life safety systems and services, including the sale, installation, monitoring and maintenance of residential and commercial Security Alarms and related products. The company provides its monitoring services through its UL-listed Central Monitoring operations, which have been recognized as “Five Diamond Certified” by the Central Station Alarm Association. The company’s superior customer service has also been accredited by the Better Business Bureau, which rated the company “A+” for reliability and customer satisfaction. Security Networks works with its rapidly growing network of exclusive Affiliate partners, which provide sales and installation support on behalf of the company to its customers.

Mr. Perry said, “We are very excited to partner with Oak Hill Capital, a leading private equity firm with a long history of helping management teams realize their strategic visions. This transaction will provide Security Networks with substantial financial resources, which will enable us to expand our geographic footprint and achieve our growth initiatives.”

Jonathan Friesel, a Partner of Oak Hill Capital, said, “We look forward to working closely with Rich and the Security Networks management team. The company has a sterling reputation for delivering exceptional service to customers, and its highly successful affiliate program is helping to drive industry leading growth. We believe our investment positions Security Networks for future success through both organic growth and strategic acquisitions.”

Senior debt financing for the transaction was arranged by Goldman Sachs Specialty Lending Group L.P. and Barclays Private Credit Partners LLC. Subordinated debt financing for the transaction was provided by BNY Mellon- Alcentra Mezzanine Partners and Northwestern Mutual Capital.

About Security Networks
Security Networks is a diversified, full service life safety solutions company providing security monitoring and related services to homeowners and businesses coast to coast. The company has also been recognized as one of the fastest growing companies in the industry.

About Oak Hill Capital Partners
Oak Hill Capital Partners is a private equity firm with more than $8.2 billion of committed capital from leading entrepreneurs, endowments, foundations, corporations, pension funds and global financial institutions. Robert M. Bass is the lead investor. Over a period of more than 24 years, the professionals at Oak Hill Capital Partners and its predecessors have invested in more than 60 significant private equity transactions. Oak Hill Capital Partners is one of several Oak Hill partnerships, each of which has a dedicated and independent management team. These Oak Hill partnerships comprise over $30 billion of investment capital across multiple asset classes. For more information about Oak Hill Capital Partners, please visit