While i-PRO FlexPay Financing is an end-user program, it also benefits i-PRO integration and distribution partners, as they are paid for the full amount of the customer purchase up front.
Interface Security Systems announced the completion of a $60 million equity financing transaction led by its current sponsors SunTx Capital Partners and Prudential Capital Partners.
The Brinks Company, rated No. 3 on the SDM 100, today announced that it has secured additional term loan financing of $590 million, which is expected to increase liquidity to approximately $1.5 billion upon closing.
David A. Stang, founder and president of Stang Capital Advisory, established the company after running Bank of America’s Security Alarm special industry group for nearly 10 years and working in banking for more than 20 years.
NorthStar Alarm Services LLC, Orem, Utah, increased its credit facility to $80 million, doubling its facility since the company’s recapitalization 20 months ago, with Bank of America, Goldman Sachs, and The Beekman Group.
Pivot3, Austin, Tex., announced a $45 million equity and bank financing closing in February.
Argonaut Private Equity, Tulsa, Okla., a new investor in Pivot3, joined S3 Ventures, Austin, Tex., InterWest Partners, Menlo Park, Calif., Mesirow Financial Private Equity, Chicago, and the Wilson Sonsini Goodrich & Rosati investment fund, Palo Alto, Calif., in providing additional equity in the closing. As a part of this round, Steve Mitchell, managing director of Argonaut Private Equity, will join Pivot3’s board of directors.
On the heels of its recent announcement about the national expansion of its commercial bank, and an increased focus on growth industries, Citizens Financial Group announced today that David L. O’Brien will join veteran Boston-based Citizens banker Jane Westrich as part of a focused effort to expand Citizens’ commercial banking capabilities serving companies in the security alarm industry.
Despite a bumpy economy, the security industry has been operating in top gear throughout 2013. An unprecedented number of buyers, lenders and new investors are courting dealers and systems integrators.
Ackerman Security Systems closed a $75 million five-year financing led by RBS Citizens as lead agent with Capital One as syndication agent and TD Bank as a major participant.
