Pittsburgh-based Vector Security Inc. may have completed a new credit facility valued at $225 million, which includes $75 million in new financing, but it is certainly not going to go spend it all in one place.
Jeffrey Hoffman, vice president of finance at Vector, commented the new capital will be used in three different ways to grow the company’s business. The company plans to make acquisitions, support and grow its dealer program, and foster organic, internal growth through development of new applications.