Case Study – Divestiture
Complete Protection, a wholly-owned subsidiary of Cincinnati Bell Inc. (NYSE: CBB), is the largest provider of residential alarm systems in Southeast Ohio. Complete Protection installs, monitors and services residential and commercial accounts throughout Ohio, Northern Kentucky and Indiana.
Cincinnati Bell wished to run an accelerated process and close within 90 days of going to market
Finding a high-quality strategic partner was critical as all of Complete Protection’s customers would remain customers of Cincinnati Bell for wireline, internet, television and wireless services
Anderson LeNeave contacted a focused group of residential security alarm companies with an interest in Complete Protection’s geographic market and received 5 letters of intent
Complete Protection was sold to Guardian Alarm within 60 days of executing a letter of intent