Central Security Group
  • Knowledge of Industry
  • Sourced Financings
Central Security Group

One of GHP's extended deal sourcing network called with contact information for Mark Wilson, CEO of Central Security. Central Security was a rapidly growing five year old residential security monitoring company in Tulsa, OK. Central Security's growth had exceeded the financial resources of the company's bank and equity sponsor, an obstacle Wilson wanted to remedy. The challenging aspect of the deal was balancing the existing sponsor's high price expectations while leaving the company with the financial flexibility to continue growing. Fortunately, GHP had both the industry expertise to understand the opportunity and the financial connections to arrange appropriate financing. Mark Wilson, CEO, recounted the deal, "I was frustrated by my original sponsor's lack of capital, and further frustrated that he wanted a very high price and a rapid closing. Frankly, I didn't think GHP could pull it off." GHP had recently reviewed six other security monitoring transactions and passed them all. Central Security, however, was a cut above the others with the growth prospects and disciplined operations of a market leader. GHP mounted a rapid due diligence effort and mobilized their banking relationships to provide a $100 million facility which paid off the sponsor and allowed the company ample room to grow. Wilson summarized, "GHP knew exactly what that they were doing. They asked the right questions, focused on the key metrics and closed on the day and for the price demanded by my former sponsor. I didn't even know you could put this type of facility in place for a company of our size."