YARMOUTH, Maine—Valuations, at least for smaller security deals, were generally higher in 2014 compared to 2013. That is one area of agreement among three security finance and investment experts who participated in a Security Systems News virtual round table.
LOS ANGELES—DTT Surveillance, which announced in July that it would open a new office in Las Vegas, hire 500 new employees and enter two new vertical markets, now has $60 million to expand on those plans.
BETHESDA, Md.—Capital One announced Feb. 12 that it closed two new transactions—one with Envysion, a managed-video-surveillance-as-a-service provider based in Louisville, Colo., and a separate $20 million deal with full-service security company Vyanet Security of Bend, Ore.
BOSTON—BV Investment Partners, a private equity firm based here, is the new owner of DTT Surveillance, a provider of managed surveillance and business intelligence to the restaurant and hospitality industries, following a recapitalization announced March 15. The deal includes $40 million credit line from Capital One Bank.
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.
GREENVILLE, S.C.—Fueled by a new $10 million line of credit from CapitalSource, Priority One Security, a full-service security company based here, completed one acquisition and has plans for more growth.