DTT, a provider of video-based managed service solutions to the hospitality and C-Store industries, announced the closing of an $80 million debt facility led by administrative agent Capital One and CapitalSource, a division of Pacific Western Bank. The facility will be utilized primarily for the acquisition of LP Innovations Inc. (LPI), a loss prevention provider to the retail industry and for additional growth capital.
Talkaphone joined forces with two Midwestern private equity funds: Capital For Business (“CFB”), St. Louis; and Northcreek Mezzanine (Northcreek), Cincinnati. Talkaphone is a designer and manufacturer of security and life safety communication products and solutions.
Ralph W. Sevinor, president, Wayne Alarm Systems, and Donald Martini, president, Lexington Alarm Systems, announced that their two companies will combine forces under the Wayne Alarm Systems umbrella to bring the highest-quality home and business security systems to local customers with improved technology and a broader service area.
Kastle Systems International, a provider of managed security solutions and services and ranked No. 9 on SDM’s Top Systems Integrators Report, acquired Urban Alarm, a local D.C.-based security provider.
It’s extremely important that security dealers and the industry as a whole understand how to reach different generations of buyers, but especially up-and-coming buyers.
In a recent case decided by the United States District Court for the Northern District of Texas, the plaintiff alarm company filed an action against one of its dealers and its owner.
Nortek Security & Control LLC (NSC) and Core Brands LLC merged. The combined company, now operating as NSC, is headed by President Mike O’Neal and remains dedicated to developing and manufacturing control, security, access, entertainment and personal digital health solutions, the company described.
Gryphon Investors, a San Francisco-based private equity firm, made a majority investment in St. Louis-based Potter Electric Signal Company LLC, a provider of mission critical products to the fire safety industry.
B Safe Inc., a regional provider of security and fire alarms to Delaware, Maryland, New Jersey and Pennsylvania, acquired substantially all the assets of Quantum Security Systems Inc. in Princeton, N.J.
