Monitronics International, Inc. (OTCPK:SCTY) acquired approximately 30,000 residential and small business and 8,000 large commercial alarm monitoring contracts from Select Security on December 24, 2020. Monitronics International will take ownership of the alarm monitoring contracts through an earn out structure that includes a $10 million upfront payment and a 50-month earn out period. As per the terms of the transaction, Select Security will transfer title to all accounts to a Special Purpose Vehicle, Title to the Accounts will be transferred from Special Purpose Vehicle to Monitronics International periodically during the earn out period with title to all accounts transferred by month 50. In addition to the accounts, Monitronics International is retaining the majority of Select Security’s Commercial Sales, Field Technicians, and Customer Service employees, as well as certain office locations to offer the highest level of service to these customers. Imperial Capital, LLC acted as financial advisor to Monitronics International. Monitronics International, Inc. (OTCPK:SCTY) completed the acquisition of approximately 30,000 residential and small business and 8,000 large commercial alarm monitoring contracts from Select Security on December 24, 2020.