BLOG CATEGORIES
Rockbridge Growth Equity Acquires Kings III Emergency Communications
New Partnership Between Rockbridge Growth Equity and Kings III Will Accelerate Growth of Industry-Leading Security Monitoring Company
Contact: Laurel Swartz
Rockbridge Growth Equity
313.782.7847
[email protected]
Contact: Katie Thomas
Kings III Emergency Communications
972.906.7006
[email protected]
DETROIT, MI – June 22, 2017 – Rockbridge Growth Equity, a Detroit-based private equity firm, today announced the acquisition of Kings III Emergency Communications (Kings III), an industry-leading emergency monitoring solutions provider.
Founded in 1989 and headquartered in Dallas, Texas, Kings III provides an all-inclusive turnkey emergency monitoring service for building owners and property managers providing the proprietary hardware, installation, monitoring and maintenance services for on-site emergency phones. The company monitors help phones for more than 23,000 customers across the United States and Canada. Its solutions are available for use in elevators, at poolside, in stairwells, in parking garages, on parking lots, at AEDs (Automated External Defibrillators), in parks, greenbelts, stadiums and arena locations.
“We always look for investments that have an attractive 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,” said Brian Hermelin, Managing Partner, 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 is unique because it is fully integrated to provide turnkey services. The company not only designs, engineers and manufacturers the equipment, Kings III has a state-of-the-art, ETL listed 24/7 Emergency Dispatch Center staffed with operators with a higher level of certification than what is often required in 911 emergency response centers. Operators are Advanced Emergency Medical Dispatcher (AEMD), CPR and HIPAA certified, providing a key differentiator in the industry. Delivering a reliable and best of breed solution, coupled with exceptional customer service, Kings III has an industry-leading customer retention rate.
“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,” said 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.”
Kings III joins the Rock Ventures and Rockbridge Family of Companies which includes other high-growth businesses with expertise in technology, sales and marketing, security monitoring and real estate. These companies include Quicken Loans, the nation’s largest online mortgage lender; Protect America, a national provider of wireless home security systems, fire protection and home automation solutions; Connect America, a leading provider of emergency alert products catering to the aging population across the United States; Rock Connections, a national strategic marketing company specializing in outbound and inbound client service for numerous online, technology and other businesses; Bedrock, a full-service real estate firm specializing in acquiring, leasing, financing, developing and managing commercial and residential space.
The deal closed on Tuesday, June 20, 2017. Honigman Miller Schwartz and Cohn LLP served as legal counsel to Rockbridge Growth Equity. Raymond James acted as financial advisor and Norton Rose Fulbright US LLP as legal counsel to Kings III.
# # #
About Rockbridge Growth Equity
Founded in 2007, Rockbridge Growth Equity, LLC is a Detroit, Michigan-based private equity firm that invests in financial and business services, consumer-direct marketing, and sports, media & entertainment industries. Rockbridge owns equity stakes in Northcentral University, Protect America, Connect America, RapidAdvance, Gas Station TV, ABUV Media and Robb Report, and is affiliated with other leading businesses in its target sectors including Quicken Loans, the 2016 NBA champion Cleveland Cavaliers, Title Source and Fathead. Since its inception, Rockbridge Growth Equity has managed more than $500 million of equity in its portfolio of companies. For more information on Rockbridge Growth Equity, visit www.rbequity.com.
About Kings III Emergency Communications
Kings III Emergency Communications is a Texas-based provider of class-leading emergency communication solutions for thousands of emergency phones within elevators, poolside, stairwells, parking areas and more. The all-inclusive turnkey solution includes equipment, installation, maintenance and 24/7 monitoring at their in-house ETL listed Emergency Dispatch Center for one low price. Celebrating more than two decades of service, Kings III solutions reduce risk, liability and costs while providing a value-added service for customers across North America. For more information on Kings III Emergency Communications, visit www.kingsiii.com.
CATEGORIES TAGGED
ELEVATORS
PROPERTY SAFETY
CATEGORIES
KEEP LEARNING
Survey Reveals Gaps in Building Emergency Communications Plans
A recent survey of property management professionals revealed that while more than 60 percent of respondents were aware that telecom companies are phasing out POTS (Plain Old Telephone Service, also known as analog copper land lines), nearly half reported their elevator emergency communication systems are still based on this endangered technology.
Successful Hotel CO Inspections
A CO is a vital requirement before opening your new-build/renovated hotel. One area we often see overlooked within the process is telecommunications. To help get you started, we’ve compiled a checklist of key telecom-specific items to consider that may be subject to inspection.
How is Elevator Liability Defined?
One of a building owner’s worst nightmares: a passenger gets into an elevator in perfect health but ends the ride with a serious physical or psychological injury. Thankfully, this is an extremely rare scenario, but all those involved in building management should know exactly how to define elevator liability and take action if an incident occurs.
How is Your Premise Liability Law IQ?
A premises liability lawsuit holds a property owner responsible for any damages arising out of an injury on that person or entity's property. Keeping your property safe is, therefore, your number-one priority. Here's exactly what you need to know.
Kings III of America Announces CEO Transition
Kings III today announced that as part of a thoughtful succession process, Dennis Mason will be stepping down as Chief Executive Officer and transitioning to Senior Advisor. Norm Nelson, who has served as Chief Operating Officer since 2018, will succeed Mr. Mason as CEO.
Apple iPhone Setting Ties Up 911 Call Centers
A recent news story highlights how an iPhone safety feature may be adversely affecting 911 call centers. Here's what property managers should be thinking about when it comes to their own onsite emergencies.
Types of Emergency Phones: Glossary and Resources
If you are looking into information on emergency phones, it’s worth getting some context on all emergency response options at a high level. Here, we’ll attempt to do just that with a ‘types of emergency phones’ glossary where we’ll provide important facts and links to outside resources for ALL types of emergency phones, along with special considerations.
Winter-Proof Your Elevators
When elevators break down or work improperly, especially during inclement weather, we are reminded of their vital importance. Pay attention to the following items, especially in winter weather, to help keep your elevators running safely and smoothly.
Kings III Makes The Dallas Morning News Top 100 Places to Work List Becoming a 3x Winner
We're honored to be recognized by our employees and The Dallas Morning News by making the daily newspaper’s Top 100 Places to Work list for the 3rd year in a row, falling in at 28th in the midsize companies category.
