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DTT closes on $80m debt facility, makes first acquisition

January 9, 2018Paul Ragusa

LAS VEGAS—DTT, a provider of video-based managed loss prevention solutions to the hospitality and C-Store industries headquartered in Las Vegas, announced today the closing of an $80 million debt facility led by administrative agent Capital One and CapitalSource, a division of Pacific Western Bank. DTT also announced its first acquisition in its nearly 20-year history, acquiring LP Innovations Inc. (LPI), a loss prevention provider to the retail industry.“The purpose of the facility is...

DTT, LPI, Sam Naficy, Steven May