Location: Chicago, IL
Initial Investment Date: 3/27/2000
GTCR partnered with security industry veteran, Jim Covert, in 2000 to create Cambridge Protection Industries Holdings. Cambridge pursued a strategy of acquiring medium-sized businesses and quickly purchased two regional alarm monitoring companies in 2000. In early 2001, Cambridge acquired SecurityLink from SBC Ameritech, a company that Mr. Covert had himself founded in 1987 and sold to Ameritech in 1994. Cambridge was sold to Tyco’s ADT in the summer of 2001.