A Los Angeles investment firm is detecting real potential for more customers to come through the doors of My Alarm Center in Newtown Square.
The six-branch provider of direct-to-consumer security and automation systems was just bought by Oaktree Capital Management, according to a Security Systems News report by Spencer Ives.
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“We kicked off an effort to recapitalize the business about a year ago, looking to strengthen our financial position, our balance sheet, and give us a better opportunity to grow our business,” said My Alarm Center President and CEO Amy Kothari.
“Through the deal (with Oaktree), we actually reduced our debt significantly, and we cut our interest rate even more significantly.”
The influx of financial resources will largely be pumped back into the business through targeted investments in My Alarm Center’s “growth plan, systems, tools, and efficiencies to help make everyone’s jobs here easier and, most importantly, to be able to better serve our customers,” Kothari said.
Read more about the buyout of My Alarm Center by Oaktree Capital Management in Security Systems News here, and check out previous DELCO Today coverage of the company here.
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