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Executive Recruiters of CEOs for Private Equity Groups
PINNACLE CEO RECRUITERS, INC. SOURCES ALARM MONITORING ACQUISITION AND CEO FOR GREAT HILL PARTNERS
Great Hill Backs Alarm Monitoring CEO Mark Wilson in Acquisition of Central Security Group, Inc.
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SANTA MONICA, CA (February 28, 2005) – Pinnacle CEO
Recruiters, Inc. announced today that it had sourced an alarm monitoring
acquisition, Central Security Group, Inc., led by CEO Mark Wilson, for Great
Hill Partners, a Boston-based private equity group. As part of the transaction,
Pinnacle’s affiliated private equity fund, Pinnacle Equity Capital, co-invested
in the transaction. No sell-side investment bank represented Central Security
Group in the transaction. Great Hill did not disclose the purchase price or the
amount of equity it invested in the transaction. In addition to equity financing
provided by Great Hill, the purchase price was financed by a senior debt
facility led by Royal Bank of Scotland that also including Goldman Sachs, U.S.
Bank and LaSalle National Bank as participants. Pinnacle CEO Recruiters is an executive search firm focused on recruiting business services CEOs for private equity groups, and sourcing acquisition candidates for private equity groups when it comes across a CEO running a company seeking a buyer. Pinnacle had a long standing relationship with Central Security Group CEO Mark Wilson, and was able to refer the company to Great Hill when Central began exploring a company sale. Central Security Group is a Tulsa, Oklahoma-based provider of alarm monitoring services to business and residential customers in the South-Central region of the U.S., including the states of Oklahoma, Kansas, Texas, Missouri, Arkansas, and Tennessee. The company is one of the fastest growing alarm monitoring services companies in the U.S. according to data from SDM Magazine and expects to expand into additional states under Great Hill’s ownership. Prior to running Central Security Group, Mark Wilson was the head of Multimedia Security Service, an alarm monitoring company based in Wichita, Kansas. Wilson grew Multimedia from $10 million in sales to $50 million in sales in four years and sold the company to a strategic buyer in 1998 for more than $240 million. Great Hill Partners is a Boston-based private equity that manages more than $1 billion in capital, with a focus on investments in service providers in the business-to-business, media, information technology, education and communications sectors. The Company typically invests $20 million to $75 million per transaction and makes investments across all stages of a company's growth, ranging from early stage investments in start-ups to management buyouts. About Pinnacle CEO Recruiters, Inc. Pinnacle CEO Recruiters is an executive search firm focused on recruiting proven business services CEOs for private equity groups with executive sponsorship programs, in which private equity groups partner with a CEO first, and then work with a CEO to acquire a company. In a situation in which a CEO already has a specific acquisition candidate, Pinnacle will refer the investment opportunity to private equity groups it represents. Almost always, transactions of this type are proprietary to private equity groups and no sell-side investment banker is involved. Pinnacle is the only U.S.-based executive search firm focused exclusively on the business services sector and on the CEO level. In order to achieve an alignment of interests with its clients and to participate in the value creation that top business services CEOs generate, Pinnacle’s private equity fund, Pinnacle Equity Capital, co-invests in companies it places CEOs in. In addition to its investment in Central Security Group, Pinnacle Equity Capital has investments in Encore Legal Solutions, a legal document management company, and TrialGraphix, a provider of trial consulting services. |
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