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Titan Alarm secures $5m credit line, makes first acquisition of 2016

March 23, 2016Paul Ragusa

PHOENIX—After closing on a $5 million line of credit with The PrivateBank, Titan Alarm bought one company and plans to buy another before the end of the month.In its first acquisition of 2016, Titan bought Arizona Fire Test. Both companies are located here.Titan CEO Mike Proudfit told Security Systems News that securing the credit line allows for future growth opportunities for the company in the local Arizona market.“Arizona has a large need for a company that understands and deploys...

Arizona Fire Test, Mike Proudfit, The PrivateBank, Titan Alarm