Tag: National Association
Vector secures $225 million
July 28, 2011Martha Entwistle
PITTSBURGH—Vector Security will use new financing to make acquisitions and investments that will better position the company for growth in the commercial space.
Vector, based here, announced July 28 the completion of a new $225 million credit facility that includes $75 million in new financing.
Vector CEO Pam Petrow told Security Systems News that the funding will be used to invest in three different areas.
“The first will be acquisitions [that position...
NYMP court hearing set for April 27
April 21, 2011Tess Nacelewicz
FREEPORT, N.Y.—Wayne Wahrsager, president of New York Merchants Protective Co., Inc. (NYMP)—a full-service alarm company here that's been in his family for more than 100 years—contends the company's court-appointed receiver is grossly mismanaging the business, causing “staggering waste and losses,” and also trying to fire the person vitally needed to ensure the business survives: Wayne Wahrsager.
“They're trying to terminate me as of right now,” Wahrsager...