Detroit-based private equity firm Rockbridge Growth Equity today announced the acquisition of emergency monitoring solutions provider Kings III Emergency Communications, a Dallas-based company that completes proprietary hardware, installation, monitoring, and maintenance services for on-site emergency phones for over 23,000 customers in the United States and Canada.
Kings III’s emergency phones are available for installation in elevators, poolside, stairwells, parking garages, and other public locations. The solutions provider joins a network of Rock Ventures and Rockbridge Family of Companies that include other high-growth businesses such as Quicken Loans Inc., and other emergency and safety providers, Protect America and Connect America. Dan Gilbert is founder and chairman of Quicken Loans.
“We always look for investments that have an attractive customer value proposition and exciting growth opportunity, this along with Kings III’s loyal customer base and its core values, made it a natural fit with Rockbridge,” says Brian Hermelin, managing partner for Rockbridge Growth Equity. “We’re excited to partner with Kings III and leverage the world-class sales and marketing expertise within our family of companies to help the company with its expansion.”
Kings III’s operations were especially attractive to the investment group because of its fully integrated system, which includes a 24/7 dispatch center staffed with employees certified in Advanced Emergency Medical Dispatch, CPR, and HIPAA.
“The partnership between Kings III and Rockbridge Growth Equity represents an exciting new chapter for Kings III, and one best described as an unparalleled opportunity for accelerated growth,” says Dennis Mason, CEO of Kings III. “We are passionate about the service we deliver to our customers, the values we live by in delivering them and the employees dedicated to making it all happen. We look forward to working together with Rockbridge to deliver unrivalled emergency monitoring to an ever-growing customer base.”
Financial terms and details of the transaction were not disclosed.