Insider News Business&
Mahler Receives CSAA’s Stanley C. Lott Award ADS Security’s chief executive officer (CEO), Mel Mahler, was presented with the Central Station Alarm Association’s (CSAA) prestigious Stanley C. Lott Award while attending the 2010 CSAA annual
meeting in Marana, Ariz. This award is the CSAA’s highest honor and recognizes those whose industry contributions have been significant over the span of their careers. The Stanley C. Lott Award was created
to honor the memory of an alarm industry leader who was instrumental in establish- ing the CSAA Five Diamond Central Station concept, which encourages a high level of industry professionalism and ser- vice excellence. The award is not bestowed annually,
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but rather only on the years that the CSAA feels it has a truly deserving recipient. Mahler proudly spearheaded middle
Tennessee’s only CSAA Five Diamond Central Station at the ADS headquarters in Nashville, serving as CEO. Addition- ally, he served as president of the CSAA from 2001 to 2003. ■
APX Alarm Increases Bank Financing; Surpasses $20
Million in RMR APX Alarm, Provo, Utah, announced that it completed a $565 million senior debt financing with a group of lenders led by Goldman Sachs Specialty Lending Group. The new financing represents a $125 million increase over the previous financing and provides more flexibility for the company. The bank financing will be used to help
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www.sdmmag.com/webcard 40 November 2010
fuel the continued growth of the compa- ny’s residential security and energy man- agement services. APX currently services more than 450,000 customers in North America, which represents a 25 percent increase from the beginning of 2010. The company also announced that it has surpassed $20 million in recurring monthly revenue (RMR) from its custom- er base. As per the 2010 SDM 100 Report, APX is one of only four companies in the industry that has achieved more than $20 million in RMR. “Surpassing $20 million in RMR is a
significant milestone for our company,” stated Todd Pedersen, APX Alarm’s chief executive officer. “It is validation from our customers that we are achieving our mission of protecting families.” ■
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