Meet the Horsemen:
Just a couple of regular guys!
Former Navy Seals, MBA's from Wharton and Columbia, you know the story. Ho-hum... ;)
One thing that makes them standout a bit from the others is their Legacy Preservation commitment:
Horsemen Partners will invest 100% of its management, financial, and leadership experience to the company’s success. We will take a direct management role in your business for the long term, preserving your legacy.
IPVMU Certified | 07/17/15 04:21pm
They must fancy themselves as hatchet men. The name 'Horsemen Partners' evokes apocalyptic visions.
Do they have any industry experience?
Update: this may not be happening. Here is their feedback on why they have decided not to buy an integrator right now:
"Major reasons for moving on:
- lack of recurring revenue
- bidding process on projects tends to drive margins down
The problem that we have been facing in the traditional security space is valuation expectations from owners- many think that they should get a 50x multiple b/c of the ASG and Protection1 deal. We still look at deals in the space and reach out to owners but we are not very optimistic about closing a deal in the near future in this space. "
IPVMU Certified | 12/02/15 11:37pm
- Large fragmented market
- Growing industry
- Low risk of adverse regulatory changes
- No impending technological obsolescence
Horsemen need to pivot and look at picking up a few lawn mowing accounts.