Tag: Doug Bayerd
Devcon secures $215m credit facility
July 13, 2011Tess Nacelewicz
HOLLYWOOD, Fla.—Devcon Security, a super-regional that has rapidly expanded into a national player in the past year, yesterday announced a new $215 million credit facility that includes $110 million in new financing. The new financing package more than doubles what was available to the company previously.
“We're ecstatic,” Robert Farenhem, president and CEO of Devcon, which is based here, told Security Systems News.
“This is a fairly substantial increase in availability over...
Devcon goes national
May 5, 2011Martha Entwistle
HOLLYWOOD, Fla.—There's a new national player in the home security market—Devcon Security.
Over the past seven months, Devcon has quietly transformed from a super-regional with nine branches to a company with a national footprint and more than 50 branches across the country. Devcon has nearly doubled its employee headcount—going from 450 last October to 785 today. It opened a 100-employee, 23,000 square-foot national operations center in Irving, Texas, and hired top talent...