Tag: PrivateBank
VRI makes PERS acquisition
July 20, 2017Spencer Ives
FRANKLIN, Ohio—VRI, a large PERS provider based here, recently purchased Healthcom, a healthcare technology provider based in Sullivan, Ill. VRI announced the partnership at the end of June.“We think the companies can grow more quickly together. There's opportunities to collaborate across the market segments,” Chris Hendriksen, CEO at VRI, told Security Systems News. “Secondly, we bring a little bit more scale and we have our own monitoring center, and so it allows us to do...
Securitas gets into electronic security; Iverify doubles in size
June 4, 2014Martha Entwistle
In two separate, but related transactions, Securitas is getting into electronic security and Iverify is nearly doubling in size and adding new capabilities.
Guarding giant Securitas is making a concerted move into electronic security and “integrated guarding” with the purchase, announced June 2, of a 24 percent stake in remote monitoring firm Iverify. In a related move also announced Monday, Iverify bought 100 percent of the shares of commercial security and fire company TransAlarm. Iverify...
Security Networks ups credit facility by $100 million
May 2, 2012Martha Entwistle
WEST PALM BEACH, Fla.—Security Networks, a super-regional based here, announced April 30 that it has extended its credit facility by $100 million, bringing the total to $250 million.“It allows us to stay ahead of the curve in terms of our capital structure, to execute our business plan,” Rich Perry Security Networks CEO told Security Systems News.The company is “40 percent over planned production” so far in 2012 and has had about 38 percent CAGR for the past five years....
ASG ups credit facility to $250m
April 25, 2012Martha Entwistle
BELTSVILLE, Md.—ASG Security now has a quarter of a billion dollars on hand, thanks to a recent $20 million extension of its previous $230 million credit facility, the company announced April 25.ASG closed that $230 million facility just over a year, in January 2011. Why add to it now?“The capital is available and terms are very favorable,” ASG CFO Ralph Masino told Security Systems News. “We didn't need the additional capacity today, but it gives us ample dry powder to...
Pinnacle has new $275m financing package
March 24, 2011Tess Nacelewicz
OREM, Utah—Pinnacle Security announced today that it has closed on a new financing package that is one of the largest credit facilities in the industry.
“It's a $275 million financing package that refinances existing debt and provides for several years of growth capital,” Sean Forrest, CFO of the major summer sales model security company, which is based here, told Security Systems News.
The deal includes an “opportunity for expansion to $400 million as the company grows,”...
ASG closes $230m line of credit
February 3, 2011Martha Entwistle
BELTSVILLE, Md.—ASG Security closed Jan 28 on a new $230 million line of credit. Lead by ASG's longtime banking partner, CapitalSource, this round also includes a new participant, Goldman Sachs.
Also participating in the round are previous investors: Bank of America, Citizens Bank, Madison Capital and PrivateBank.
“It gives us added capital to continue our growth strategy,” ASG CEO Joe Nuccio told Security Systems News. “There are a number of opportunities we've been looking...