Dynamark Monitoring secures $20M line of credit

BOSTON—Rockland Trust’s Security Alarm Lending Group announced recently that it has provided a $20 million revolving line of credit to Dynamark Monitoring Inc.

“We feel very fortunate to work with an experienced team at Rockland Trust who understands and supports our industry,” Dynamark Monitoring.President and CEO Trey Alter said in the announcement. “This facility will allow us to keep innovating in support of our dealers.”

Headquartered in Hagerstown, Md., Dynamark Monitoring provides wholesale security monitoring services for more than 500 security alarm dealers and retail security services for more than 13,000 customers across the United States.

Rockland trust said the proceeds from the revolving line of credit were used to refinance existing bank debt and the line of credit will be used in the future to support the organization’s expansive acquisition strategy and increase their footprint into new territories.  

“Dynamark Monitoring provides world-class security monitoring services for residential alarm systems (including interactive services), commercial fire alarm systems and elevator and interactive IoT alarms,” said Greg Spurr, executive in charge of Security Alarm Lending at Rockland Trust. “We are excited to have them as a customer, and we look forward to helping them grow the business through a combination of organic growth and acquisitions.”

Dynamark Monitoring is a Five Diamond Certified security provider, a recognition of security excellence granted each year to the highest quality security providers by Central Station Alarm Association (CSAA) International. This puts Dynamark within the top 5 percent of companies in the Security Alarm industry.

Mark Sandler of SPP Advisors, LLC. represented Dynamark Monitoring Inc. in this transaction.