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April 26, 2015 9:28 AM ET

Diversified Consumer Services

Company Overview of Protection 1, Inc.

Company Overview

Protection 1, Inc. provides electronic security alarm monitoring services. Its services include the installation, maintenance, and electronic monitoring of alarm systems to single-family residential, commercial, multifamily, and wholesale customers. The company offers home security packages, intrusion detectors, cellular backup systems, asset protection sensors, keypads and controls, hazard detectors, and eSecure systems. It also provides small and medium business alarm systems, fire and hazard detectors, access control systems, and video surveillance systems, as well as remote services. The company was founded in 1988 and is headquartered in Lawrence, Kansas with additional offices internat...

1035 North 3rd Street

Suite 101

Lawrence, KS 66044

United States

Founded in 1988

2,600 Employees

Phone:

785-856-5500

Fax:

785-368-7646

Key Executives for Protection 1, Inc.

Chief Executive Officer, President and Director
Chief Financial Officer and Executive Vice President
Chief Information and Operating Officer
President of Security Monitoring Services Inc
Age: 46
Chief Technology Officer and Senior Vice President of Operations
Compensation as of Fiscal Year 2014.

Protection 1, Inc. Key Developments

Protection 1 Announces Executive Appointments and Promotions

Protection 1 announced that it has hired or promoted several industry veterans in the month of February to complement its field management organization. They include Craig Taylor who has been hired to fill the position of General Manager for Protection 1's Los Angeles market. Taylor will report to William Rickard, Regional Vice President for the West. Taylor continued to serve 10 years as Vice President of Mainland Operations for the organization. Juan Hernandez is now the new Commercial Sales Manager for the Chicago area. Hernandez will report to General Manager Scott Mohr. Prior to joining Protection 1, Hernandez was the sales manager for Alarm Detection Systems, Inc. Tony Pacaccio has been promoted to the position of Commercial Sales Manager for the New Orleans office. Pacaccio joined Protection 1 two and one half years ago as a Commercial Security Consultant. He will report to General Manager Louis Quijano.

Apollo Global Reportedly In Talks To Acquire Protection 1

Apollo Global Management, LLC (NYSE:APO) is in advanced talks to acquire Protection 1, Inc. in a deal that could value the U.S. home security company at close to $1.5 billion, including debt, according to people familiar with the matter. Apollo has so far prevailed over other interested parties in an auction for Protection 1, including Ares Management LLC and The ADT Corporation (NYSE:ADT), the people said this week, asking not to be identified because the talks are confidential. The negotiations with Apollo have not concluded, and Protection 1's owner, GTCR, LLC, may yet decide to sell the company to another bidder or cancel the sale altogether, the people added. An Apollo spokesman and an ADT spokeswoman declined to comment. Protection 1, GTCR and Ares representatives did not immediately respond to requests for comment.

Protection 1 Joins USAA in Strategic Alliance Relationship

Protection 1 announced that it has been awarded a contract that gives USAA's more than 10 million members access to security and life-safety solutions through its established partner programs. With the agreement, USAA members can receive the latest in security and home automation technologies from Protection 1, encompassing intrusion detection, fire protection, video surveillance systems, thermostats and locks, with all systems offering interactive remote services. Program options include both Protection 1 professionally-installed and self-installed systems with a range of options members want.

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