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Topspin's GHS Interactive Security acquires Lifeline Security and Automation

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June 11
1:56 PM 2013

An announcement was made by Topspin LBO on the formation of a new company, GHS Interactive Security in order to proceed with the acquisition of Lifeline Security and Automation. Lifeline is one of the fastest growing security alarm dealerships based in California.

The acquisition was completed through the assistance from Barclays Private Credit Partners Fund LP. The fund provides debt and equity co-investment funding for companies. BPCP also invested in Topspin's equity in the same transaction.

The new CEO of GHS Interactive Security is industry veteran Steve Baker. He said, "LifeLine is an ultra-high-quality account originator with deep roots in its geographic markets. We are excited to have Topspin as our equity partner in the deal. Their expertise in the security alarm industry will be helpful as we expand in existing markets as well as adjacent geographic markets." 

On the part of Topspin LBO, Managing Director Steve Lebowitz added, "After reviewing dozens of alarm monitoring deals since we sold Coastal Security in 2005, we found the GHS/LifeLine opportunity and are very enthusiastic about it. Lifeline has historically generated a high level of recurring monthly revenue at an unusually low cost. Moreover, the management team is high quality and well-regarded in the industry." 

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