DALLAS - Security industry lender Financial Security Services said in late 2003 that it had partnered with a major bank for new lending opportunities for the security industry and appointed a new president and chief executive officer.
Through its new, long-term banking relationship with Bank One, FSS will be able to continue to provide Ã¢â‚¬Å“line of credit and term loan financing to independent alarm dealers,Ã¢â‚¬Â said Jeffrey Peiper, FSSÃ¢â‚¬â„¢s new president and chief executive officer.
STAFFORD,Ã‚Â Texas - SweetwaterÃ‚Â Security CapitalÃ¢â‚¬â„¢s acquisition of approximately 1,500 monitoring accounts from DSS Security, a subsidiary of Eagle Broadband, late last year marked the fifth such deal for the firm in 14 months.
The acquisition of the accounts, which were purchased for an undisclosed amount of cash, puts Sweetwater closer to its objective of building a national security company.
BOCA RATON, Fla. - With more than 35 million Americans already over the age of 65 - and much of the baby boomer generation due to hit that benchmark in 2010 - ADTÃ¢â‚¬â„¢s personal emergency response business is signing a host of new partnerships and is tweaking its direct to the end-user sales approach.
MONTREAL - National installation firm Protectron made inroads in one of its target urban markets in December when it acquired a 20-year-old alarm company to add to its base of accounts in British Columbia.
With the purchase of Valley Alarms and its 4,000 accounts, Protectron grewÃ‚Â its subscriber base in the greater Vancouver marketÃ‚Â to more than 10,000 accounts, part of a strategic plan to boost the companyÃ¢â‚¬â„¢s market share in Vancouver and two other metropolitan markets in Canada - Toronto and Ottawa.
IDAHO FALLS, Idaho - RS&I, a distribution company that offers affinity programs in vertical markets, has renewed its partnership with SAFE Financial, based in San Ramon, Calif., to launch a new phase of the Alliance program.
DALLAS - A company that began as a network consulting firm is now the integrator for Lone Star Ranch, a development of 10,000 single-family homes in Frisco, Texas.
Network Traffic Controllers, which was just selected as a Sears Connected Home integrator (see related story), has already implemented structured wiring for 600 homes in the program, which will take 10 years.
TOPEKA, Kan. - Protection OneÃ¢â‚¬â„¢s credit rating has been downgraded by Standard & PoorÃ¢â‚¬â„¢s Rating Services, an implication that the up-for-sale alarm company may need to restructure its debt or file for bankruptcy after it finds a buyer.
TORONTO - Residential and commercial alarm company AlarmForce Industries announced in early December it had closed a previously announced bought deal financing led by Acumen Capital Finance Partners Limited to issue 1,000,000 common shares on a private placement basis. The price was $2.