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Will Schmidt

Finance virtual roundtable: The most interesting deals of 2013 and predictions for 2014

Holloway, Epstein and Schmidt opine on valuations for alarm companies and integration firms, offer advice for sellers
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12/30/2013

Every January, Security Systems News asks security finance experts to share their opinions on deals done, valuations sought and won, and prospects for buyers and sellers in the coming year.

CapitalSource to merge with PacWest Bancorp in $2.3b deal

Schmidt: Security group will be impacted ‘in a positive way’
 - 
07/24/2013

CENTURY CITY, Calif.—CapitalSource will still be a source of lending for the security industry after it merges with PacWest Bancorp in a $2.3 billion deal early next year. In fact, CapitalSource’s managing director Will Schmidt says he expects the security team to grow in the next few months.

Following the money: Schmidt, Barnes and Christhilf talk deals, valuations and taxes

Experts reflect on 2012, share predictions for 2013
 - 
12/12/2012

YARMOUTH, Maine—A number of big deals happened in 2012: the split-up of Tyco, the acquisition of Vivint and the creation of Securadyne, to name a few.

EGD secures $42.5m

Its system is solar-powered, electrified, and sold on a subscription basis
 - 
09/08/2011

COLUMBIA, S.C.—Electric Guard Dog, based here, a manufacturer and installer of a solar-powered perimeter security system that is electrified and monitored by a central station, announced this week that it secured a new $42.5 million credit facility with CapitalSource.

DTT gets $20m, eyes convenience store space

Turnkey surveillance solution provider has low attrition, high growth
 - 
09/06/2011

LOS ANGELES—With a $5 million increase in its credit facility, DTT Surveillance intends to enter new retail verticals, Sam Naficy, DTT president and CEO, told

Security Systems News

.

Capital One is new entrant in security finance market

Three CapitalSource execs depart for Capital One; Schmidt named CapitalSource managing director
 - 
08/11/2011

ST. LOUIS, Mo.—There were two separate, but related announcements in the world of security finance this week. Will Schmidt has taken over the role of managing director of CapitalSource and three CapitalSource executives—Bill Polk, Tom Pagnani and John Robuck—have left CapitalSource to head up a new security lending group at Capital One.

Devcon secures $215m credit facility

Company more than doubles its financing to support its expansion nationwide
 - 
07/13/2011

HOLLYWOOD, Fla.—Devcon Security, a super-regional that has

rapidly expanded into a national player in the past year

, yesterday announced a new $215 million credit facility that includes $110 million in new financing. The new financing package more than doubles what was available to the company previously.

ASG closes $230m line of credit

Goldman Sachs is new participant
 - 
02/03/2011

BELTSVILLE, Md.—ASG Security closed Jan 28 on a new $230 million line of credit. Lead by ASG’s longtime banking partner, CapitalSource, this round also includes a new participant, Goldman Sachs.
Also participating in the round are previous investors: Bank of America, Citizens Bank, Madison Capital and PrivateBank.