Capstone Headwaters advised National Monitoring Center (NMC) on its merger with three major monitoring companies. NMC is a third party monitoring company with monitoring centers based in Lake Forest, CA and Irving, TX. NMC, founded in 2001, has risen to become the premier 3rd party central monitoring company in the nation. Terms of the transaction were not disclosed.
NMC announced the launch of a new global monitoring company, Netwatch Group, following the merger of four monitoring companies with the backing of global private equity firm The Riverside Company. The Netwatch Group, which includes monitoring companies NMC, Netwatch (Ireland), CalAtlantic (United States) and Onwatch Multifire (United Kingdom), will focus on leading the consolidation of the proactive visual monitoring industry while bringing the visual prevention capabilities of Netwatch to thousands of NMC end-users through its valued dealer partners in the U.S. under the NMC brand.
The new group is protecting hundreds of thousands of sites in the United States, United Kingdom, Europe, Middle East and Africa in a wide variety of segments including government, transportation, critical infrastructure (utilities, communications, energy), manufacturing, education, stadiums, finance, retail and residential.
Woodie Andrawos will continue to lead the NMC management team as Managing Director and President. Woodie and the NMC management team will be focused on continuing to deliver the high quality alarm monitoring services that the NMC dealers and their subscribers are accustomed to, in addition to the new remote proactive visual monitoring capabilities.
Netwatch Group will be headquartered in Carlow, Ireland with UK headquarters in East Sussex. Its North American headquarters will be located in Lake Forest, Calif., with satellite offices in Boston, New Jersey, Dallas, Houston, and Chicago. The company will immediately have a network of six advanced Global Monitoring Centers, connected by the Netwatch proprietary CRATOS technology platform.
The Riverside Company is a global private equity firm focused on making control and non-control investments in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 520 transactions. The firm's international portfolio includes more than 75 companies.
Michael Schubert, CEO and Co-founder of NMC will be retiring from the business after 38 years in the Security Industry. Says Schubert, “Today, I’m retiring from the security industry after 38 years doing what I always loved and making so many good friends over these years. I know and am confident this deal will be excellent for our employees, dealers, their subscribers, and the industry in general with tremendous benefits for all. I look forward to seeing the company take things to the next level in monitoring for our dealers and their subscribers, with the same standard of excellence and passion that we have had over all these years, while creating a new global monitoring player in the security industry, Netwatch Group.”
Over 90 delegates from IMAP member firms representing 32 countries congregated in Miami on October 25th - 27th for IMAP’s 2018 Fall conference. The conference was hosted by Falls River Group, IMAP’s partner firm in Florida, and was set around the theme of ‘Disruptive Innovation’.