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Protection 1 Jumps Into Solar From Security in U.S. Boom

Protection 1, a closely held security company backed by private equity firm GTCR LLC, will start selling solar panels to customers as demand for rooftop systems surges in the U.S.

The home and commercial security and automation company, with almost 2 million customers in the U.S., plans to begin selling the systems next month, Chief Executive Officer Timothy Whall said in an interview today. Profits from the fast-growing solar market could “easily equal” those from its security business, he said.