Banner Solutions, a wholesaler of security opening hardware products — backed by private equity firm Tailwind Capital — has announced its acquisition of H.L. Flake Security Hardware, based in Houston.
“This is the first time in the history of the video surveillance industry that a tier one venture capitalist is making a major investment in the video surveillance industry,” said Dean Drako, founder and CEO of Eagle Eye Networks.
If you’ve ever needed more money (who hasn’t?), then you are among a majority of business owners. Approximately one-half to two-thirds of young, small businesses — defined as those with less than 499 employees — use capital injections, according to the U.S. Small Business Administration’s (SBA) Office of Advocacy in a February 2014 report. What’s more, not being able to obtain capital has profound implications for the ability of certain businesses to expand, the report noted.
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.
