Rockland Trust’s Security Alarm Lending has provided a $6 million revolving line of credit to Sentry Security Inc., a full-service security alarm company that installs, monitors, and services fire alarm systems, residential security systems and commercial integrated security systems, including intrusion, access control and video systems headquartered in Chicago. Sentry Security will use the revolving line of credit to refinance debt and provide capital for future acquisitions, with the intent of continuing to expand operations in the greater Chicago area.
“We are thrilled to work with Rockland Trust’s accessible team of professionals who not only understand our particular needs, but also have a proven track record within the security alarm industry,” said David Balestrery, owner and CEO of Sentry Security. “This new capital will allow us to grow and continue to deliver smart, connected security solutions in the years ahead.”
Rockland Trust’s team of security alarm lending experts has over 30 years of combined industry experience. The group has closed more than $60 million in security alarm deals in the past year, in addition to this latest transaction with Sentry Security.
“Sentry Security provides a wide range of integrated security services to commercial and residential customers,” said Greg Spurr, vice president and group head of Security Alarm Lending at Rockland Trust. “They share our belief that the best solutions are tailored to the specific needs of the client, and the best providers take the time to innovate those solutions. We look forward to helping them grow their business, and we are excited to begin our relationship together.”