Golden Gate Capital: On a well-funded mission to build a ‘global, fully integrated security company’
By Martha Entwistle - 10.15.2009

SAN FRANCISCO—Golden Gate Capital, a quiet, behind-the-scenes player in recent years, made news with its recent acquisition of Devcon Security, and it’s likely to be making more news soon, operating executive Christopher B. Munday told Security Systems News.

Noting that Golden Gate, an $8 billion private equity firm, still has $4.5 billion of available capital, Munday said the “plan here is to keep building out and ultimately to build a global, fully integrated security company.” Golden Gate, he said, wants to be “in control of everything, creating accounts, [providing] equipment, holding, servicing and monitoring accounts.”

Golden Gate in June of 2008 acquired Pinnacle Security, a summer-model company based in Utah. A September 2008 $150 million credit facility (with LaSalle/Bank of America) enabled Pinnacle to keep its accounts. Operations were beefed up there in October 2008, when Pinnacle bought the sales force and technical department of Icon Security, a smaller summer-model company in Utah.

Two weeks ago, Golden Gate acquired Devcon Security. Munday and Robert Farenhem (CEO and president of Devcon) have said that there are no immediate plans to combine the two companies. However, Munday, who serves as chairman and CEO of Pinnacle Security, will join the board of Devcon as chairman, with the goal of looking at the synergies between the two companies.

“We’ll get the relevant people involved from both companies … to explore areas of cooperation,” he said. “We don’t know how it will shake out,” Munday explained. “We may find nothing, some things, or a lot of things” that can be done to “improve the synergies at the back end of the businesses.”

While Pinnacle, a summer-model company, and Devcon a traditional security company, have starkly different sales methods, there are likely lessons the companies can learn from each other, he said. In addition, Pinnacle will clearly be interested in Devcon’s monitoring capabilities, Munday said.

On the acquisition front, what kinds of security companies might Golden Gate be in the market for? Munday said another alarm company, a monitoring company, or a small technology company are all possibilities.

John Gilligan, Golden Gate Capital principal added, “We tend to be very long-term, strategic-oriented investors; we seek out management teams to partner with and tend to acquire a number of businesses in the space.” For example, Golden Gate acquired 70 different software companies in nine years. “We acquire competitors to scale the company, [to acquire] new product lines, to spread into new geographies. All of those obviously are applicable to the security space.”

(Originally posted at http://www.securitysystemsnews.com/?p=article&id=ss2009104N8G9c )

Pinnacle Security Introduces A New Wellness Program For Its Employees

OREM, UTAH (May 2009) – Pinnacle Security, an Orem based home and commercial security alarm company,
recently took their mantra “Your Life. Secure.” to a very literal level with the implementation of their Employee Wellness Program.

“The program was developed with our employees in mind,” explains Christopher B. Munday, Chairman and
CEO of Pinnacle Security. “Establishing a healthy work environment starts at the core. If our employees are
happy and healthy they will feel and perform better,” adds Munday.

Pinnacle’s wellness program facilities are located under one roof with their corporate headquarters and include a full gym, weight room, sauna, showers, lockers and full-length basketball court.

Adam Christian, a Compliance Manager who has been with Pinnacle for nearly a year, has discovered the
benefits of the wellness program. “I have more energy at work,” says Adam. “With a busy lifestyle it is hard to fit working out into my schedule. Having an on-site fitness facility makes it easy for me to get a full workout and shower within my lunch hour,” Adam adds.

An additional asset to Pinnacle’s program is its renowned professional trainer, David Stroshine. Not only is
David a Certified Strength and Conditioning Specialist through the National Strength and Conditioning
Association, but he has also trained such professional athletes as Fahu Tahi (Minnesota Vikings) and Fui
Vakapuna (Cincinnati Bengals). “My vision for Pinnacle employees is to empower them with the knowledge and tools that will help them accomplish their health and fitness goals,” explains David. “Overall, I want to create a lifestyle at Pinnacle that promotes health and productivity,” adds David.

All Pinnacle employees and their immediate families are eligible for voluntary participation in the new wellness program. Free one-hour health and wellness workshops are also conducted each month. From nutrition to exercise to general body wellness, the workshops provide something for everyone.

In the near future a second phase of the wellness program will be implemented, which includes massage therapy and employee field trips that foster general activity and wellness.

In a time where many companies are cutting costs and employees, Pinnacle Security is flourishing, hiring more staff and providing additional benefits to help improve the overall workplace and experience of its employees.

About Pinnacle Security

Pinnacle Security is an industry leader in providing quality residential and commercial security solutions that
help individuals realize the peace-of-mind that comes from protecting the things that matter most. Pinnacle is headquartered in Orem, Utah and has sales offices throughout North America. Founded in 2001, Pinnacle is a long-standing partner of GE Security, a wholly owned subsidiary of the General Electric Company (NYSE: GE). For more information, please visit www.pinnaclesecurity.com.

Pinnacle Security Announces Key Community Sponsorships

- Successful Utah company gives back to the community through sponsorships -

OREM, UTAH (February 2009) – Pinnacle Security, a Utah based company that provides residential and commercial alarm systems, is giving back to its employees and the community by sponsoring Universities through academics and athletics, most recently becoming the premiere athletic sponsor at Utah State University.

“Our partnership with Pinnacle Security has been a tremendous benefit to our campus and student population,” said Landon Day, General Manager for Aggies Sports Properties. “The overall appearance of our sports facilities has improved; plus, Pinnacle’s presence has really benefited our students on the great summer employment opportunities provided through Pinnacle.”

But Athletics isn’t the only area in which Pinnacle is helping out; the company realizes that school can become as busy as a full-time job for many of its employees.

“We do everything we can to provide students the opportunity to achieve enough success in the summer to provide for themselves financially throughout the school year,” explains Christopher B. Munday, CEO of Pinnacle. “Overall, we recognize that college campuses benefit from more committed and responsible students as much as we do, and we are pleased with the opportunity to help with this endeavor,” Munday adds.

Additionally, many of Pinnacle’s employees participate in Utah Valley University’s Intramurals resulting in Pinnacle’s recent donation of 350 high-quality jerseys as part of an effort to give back to its employees.

UVU Intramural Director Beau Earls was thrilled by the donation and what it meant to his program.

“I have never heard of another intramural league that is able to supply jerseys of this high quality to every participant,” said Earls. “It’s made things so much easier for the officiators and the teams were ecstatic to have these.”

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Pinnacle Security - Supporting Employees Through University Sponsorships

“We owe much of our success to our employees and the Utah community as a whole. Participating in community events and sponsorships like these provide a nice opportunity for Pinnacle to reciprocate,” said Munday.

Additional Universities supported by Pinnacle Security include Idaho State, BYU-Idaho, and Southern Virginia University.

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About Pinnacle Security
Pinnacle Security is an industry leader in providing quality residential and commercial security solutions that help individuals realize the peace-of-mind that comes from protecting the things that matter most. Pinnacle is headquartered in Orem, Utah, and has sales offices throughout North America. For more information, please visit:
http://www.pinnaclesecurity.com