Becklar, parent company of both AvantGuard Monitoring Centers and Freeus, announced the closing of a new $25 million debt facility with Pacific Western Bank. The Edmonds Group served as exclusive financial adviser to Becklar.
Josh Garner, CEO of Becklar, said, “The new debt facility will be used to support continued growth and acquisitions at both AvantGuard and Freeus. While we greatly appreciated the strong interest we received from the banking community in this process, we felt that Pacific Western Bank offered the best combination of pricing and flexibility. We look forward to continuing our relationship with them.”
“Henry Edmonds and his team ran a very effective process for us, ensuring that we identified the best partner and the most attractive terms,” said Garner. “Their effort on our behalf exceeded our expectations.”
Will Schmidt, managing director of Pacific Western Bank’s Security Lending Group, said, “We are honored to be extending our relationship with Josh and his team. AvantGuard and Freeus are two of the best run organizations in the industry and we look forward to many more years of partnership."