Security Networks gets subordinated financing for Oak Hill buyout

By Susanna Moon

Chicago, Nov. 8 - Security Networks, LLC said it arranged subordinated debt financing through BNY Mellon-Alcentra Mezzanine Partners and Northwestern Mutual Capital for the buyout by Oak Hill Capital Partners.

The company was acquired in partnership with Security Networks' management team, led by Richard W. Perry, chief executive officer and president.

The terms of the deal were not disclosed.

"This transaction will provide Security Networks with substantial financial resources, which will enable us to expand our geographic footprint and achieve our growth initiatives," Perry said in a press release.

Security Networks also said it secured senior debt financing led by Goldman Sachs Specialty Lending Group LP and Barclays Private Credit Partners LLC for the acquisition.

Security Networks is a West Palm Beach, Fla.-based provider of home security services.

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