Private equity firm GTCR has entered into a definitive agreement to acquire SimpliSafe, a leading provider of DIY smart home security systems, from Hellman & Friedman, with the transaction expected to close in late 2025.

Information on the Target

SimpliSafe, a prominent player in the smart home security industry, is recognized as the third largest residential security provider in the United States. Founded in 2006, the company has revolutionized the DIY home security market by offering innovative systems that allow for easy self-installation. SimpliSafe provides its customers with a comprehensive suite of professional monitoring services available to millions across the U.S. and the U.K.

What sets SimpliSafe apart is its commitment to flexibility, allowing users to enjoy professional monitoring plans without being subjected to long-term contracts. The company's award-winning systems have not only gained recognition for their reliability but have also empowered homeowners to take charge of their security needs.

Industry Overview

The smart home security industry is experiencing robust growth, fueled by rising concerns over safety and advancements in technology. In the U.S., the market is characterized by increasing adoption of smart devices, which has led to heightened c