BELTSVILLE, Md.—By wrapping up the year with two major acquisitions that add $615,000 in RMR, opening two new branch offices, and having a plan in place for “significant sales force expansion,” ASG Security CEO Joe Nuccio said the company is ready for “explosive growth in 2012.”
CHARLOTTE, N.C.—Two new groups recently formed by the Electronic Security Association —one for sales and marketing professionals and another for installation and service professionals—will hold their inaugural meetings next week at the Electronic Security Expo (ESX), to be held here June 6-10.
The groups, which will meet on June 8, have attracted more than 250 members so far, according to organizers. The strong response shows that the industry has a need for both the ISP (installation service professionals) group and the SMP (sales and marketing professionals) group, according to the chairmen of the groups.
ATLANTA—Goldman Sachs doesn’t have a security investment group, but three members of its seven-year-old Specialty Lending Group—managing director David Miller, director Greg Watts and VP Chris Semple—specialize in the security space.
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.