Tag: Alarm Financial Services
Alarm Financial Services provides financing in busy M&A market
November 15, 2021SSN Staff
SAN RAFAEL, Calif.—Alarm Financial Services (AFS) reports a flurry of activity in the mergers and acquisitions space for small to medium-sized alarm companies. AFS provided financing for three different acquisitions that closed in recent weeks, part of an ongoing trend.
“We’re as busy now as we’ve ever been when it comes to providing loans to alarm dealers who are looking to make acquisitions,” commented Jim Wooster, Jr., President of AFS.
In mid-October...
Fortress Security secures $2m in funding
May 24, 2017Paul Ragusa
DALLAS—Fortress Security, a full-service residential and commercial security system company based here, announced that it has secured funding worth up to $2 million, which will be used to expand the company, according to CEO Jerrod Smith.“The primary focus with the funding is almost exclusively to drive RMR growth,” Smith told Security Systems News. “That is our business model, so we will be bringing on new accounts—both commercial and residential—to increase our...
AFS gets new credit facility
September 29, 2011Martha Entwistle
CORTE MADERA, Calif.—Alarm Financial Services plans to help more small- and medium-sized alarm companies finance growth with a new credit facility it closed with RBS Citizens Bank, AFS president Jim Wooster announced this week.“We fit a niche for smaller loans, from $150,000 to about $1.5 million or perhaps up to $2 million,” Wooster said. He added: “That's well below what traditional banks in the alarm industry like to lend. Because of their scale, traditional lenders like...