Tag: John Robuck
Growing through M&A more viable than ever
June 13, 2018Paul Ragusa
YARMOUTH, Maine—Influenced greatly by the level of M&A activity each year, the security landscape is constantly changing and evolving. With so much happening in the M&A space right now within security, there are opportunities for companies to grow—even to expand their capabilities and technology offerings—through strategic acquisition.“Over the past few years we've seen an acceleration of M&A activity in the security industry, including a number of large deals that have reshaped...
Bates Security and Sonitrol of Lexington secured $10m line of credit
November 1, 2017Spencer Ives
LEXINGTON, Ky.—Capital One provided a five-year $10 million senior revolving line of credit to Bates Security and Sonitrol of Lexington, the financial institution announced yesterday.“We are simply positioning ourselves for … continued aggressive growth,” Jeremy Bates, company president, told Security Systems News. Seventy percent of Bates Security's revenue is from commercial and 30 percent is from residential, Bates said; additionally its customer based is currently 58 percent...
Interface Security Systems closes on $600m refinancing for new capital structure
August 7, 2017Paul Ragusa
ST. LOUIS and PLANO, Texas—Interface Security Systems on Aug. 3 announced the completion of a $600 million refinancing for a new capital structure that will facilitate strategic growth and expansion, with substantial contributions of new growth equity capital of $125 million from SunTx Capital Partners and Prudential Capital Partners.Pursuant to the $600 million refinancing, the company's existing debt—including the $50 million Capital One revolving credit facility, the $230 million senior...
Owen Security Solutions receives $5 million line of credit
June 28, 2017Spencer Ives
CALHOUN, Ga.—Owen Security Solutions, a residentially focused company based here, received a $5 million senior revolving line of credit from Capital One, the financial institution announced today.Justin Owen, company president, told Security Systems News that this funding will help the company expand organically and through acquisition. “This is going to allow us to have the ability to act quickly on an opportunity,” he said. “We're excited about the potential out there.”Owen...
Guest Commentary: Video surveillance innovation driving security industry growth, investor interest
December 21, 2016John Robuck
Over the past year, the security industry has continued to grow and draw significant interest from investors, due in part to the noteworthy gains of one technology in particular: video surveillance.A Capital One survey conducted in November found that more than half (52 percent) of security professionals see video surveillance as the technology trend that will have the biggest impact on their businesses in the coming year—a significant increase from 2015, when only 23 percent of respondents...
Bank survey forecasts lots of M&A activity for 2016
November 24, 2015Amy Canfield
CHEVY CHASE, Md.—Dealers will be actively acquiring over the next year, according to a recent survey from Capital One Commercial Banking.
“The survey indicated things we expected—a very positive outlook,” John Robuck, managing director of Capital One Commercial Banking, told Security Systems News.
A high percentage of dealers who responded—68 percent—said they would be buying at least one other company in the coming year; 16 percent expect to purchase three...
Security investment and finance in '14
December 12, 2014Martha Entwistle
YARMOUTH, Maine—Valuations, at least for smaller security deals, were generally higher in 2014 compared to 2013. That is one area of agreement among three security finance and investment experts who participated in a Security Systems News virtual round table.Participating in this year's round table were: Michael Barnes, founder of Barnes Associates, a consulting and advisory firm that specializes in the security alarm industry; John Robuck, managing director, Security Finance for Capital One's...
DTT lands $60M credit facility
October 30, 2013Martha Entwistle
LOS ANGELES—DTT Surveillance, which announced in July that it would open a new office in Las Vegas, hire 500 new employees and enter two new vertical markets, now has $60 million to expand on those plans.“It's fuel for the fire,” Sam Naficy, DTT president and CEO, told Security Systems News. “We've had strong growth in our core hospitality space and our two new vertical markets—specialty retail and the convenience store space, which we launched in July—have done...
Lots of deals done at Capital One
February 13, 2013Martha Entwistle
BETHESDA, Md.—Capital One announced Feb. 12 that it closed two new transactions—one with Envysion, a managed-video-surveillance-as-a-service provider based in Louisville, Colo., and a separate $20 million deal with full-service security company Vyanet Security of Bend, Ore.The Vyanet deal is a three-year, $20 million revolving line of credit. Capital One also provided a senior revolver for Envysion, but would not disclose the amount of the line of credit. Capital One was also involved...
DTT Surveillance recapitalizes
March 21, 2012Martha Entwistle
Updated March 23, 2012BOSTON—BV Investment Partners, a private equity firm based here, is the new owner of DTT Surveillance, a provider of managed surveillance and business intelligence to the restaurant and hospitality industries, following a recapitalization announced March 15. The deal includes a $40 million credit from Capiltal One Bank.“We recapitalized the debt and some of the equity,” Marco Ferrari, co-founder and principal at BV, told Security Systems News. “We now...