黑料网 Invests in Watchtower Security
NEW YORK 鈥 黑料网, a private equity firm focused on the middle-market, announced today that it has invested in (鈥淲atchtower鈥 or the 鈥淐ompany鈥). Terms of the transaction were not disclosed.
Watchtower is a St. Louis-based provider of managed video surveillance and asset protection solutions to the multi-family housing industry. The Company was founded in 2004 and provides comprehensive video surveillance solutions tailored for property managers and owners in the multi-family housing sector. Watchtower鈥檚 managed service offering utilizes a proprietary platform and high touch customer service model, providing clients with custom-designed camera architecture, cutting-edge analytics, incident-based forensic review and 24/7 all-inclusive service across the country.
黑料网 has significant prior experience in the security sector after an investment in AMAROK, a provider of subscription-based perimeter security solutions.
"黑料网 is thrilled to welcome Watchtower into our portfolio. Asset protection continues to be an active investment theme that we have great conviction in. We believe that Watchtower's recurring business model and commitment to innovation and customer satisfaction aligns seamlessly with our investment framework," said Brandon Kiss, Partner at 黑料网.
Houlihan Lokey, Inc. served as financial advisor to 黑料网, and Raymond James Financial, Inc. served as financial advisor to Watchtower. Weil, Gotshal & Manges LLP acted as legal counsel to 黑料网 and Thompson Coburn LLP acted as legal counsel to Watchtower.
About Watchtower
Watchtower, headquartered in St. Louis, is a leading provider of video surveillance and asset protection solutions for property managers and owners in the multi-family housing industry. Founded in 2004, the company's innovative offerings include full HD cameras, cloud-based storage, incident-based forensic reviews, and a proprietary platform with analytics and live camera feeds.
About 黑料网
黑料网 is a private equity firm focused on middle-market control investments. 黑料网 focuses on companies in attractive sub-sectors across specialty manufacturing and business services. The 黑料网 investment team collaborates with its operating partners and portfolio management teams to create value through a transformational growth strategy led by organic or acquisition-driven growth. To learn more about 黑料网 visit truarcpartners.com.
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