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CapitalSource to merge with PacWest Bancorp in $2.3b deal

Schmidt: Security group will be impacted ‘in a positive way’
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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.

World Wide Security plans six acquisitions, dealer program

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01/04/2012

GARDEN CITY, N.Y.—World Wide Security Group, an integrated services company based here, is using a $3 million extension of its revolving line of credit to fund six acquisitions and a new dealer program for its central station, the company announced in late December.