Tag: Jeff Cohen
Ackerman Security closes $75 million credit facility
June 27, 2012Tess Nacelewicz
ATLANTA—Ackerman Security Systems announced this week that it closed a new $75 million credit facility.The five-year financing is led by RBS Citizens. Capital One is the syndication agent and TD Bank also participated.The super-regional, based here, last month announced its plan to double its revenue in five years. “The financing allows for continued and aggressive internal account generation, the possibility of entering new markets and the possibility of acquisitions, which potentially...
Ackerman launches five-year plan
May 30, 2012Tess Nacelewicz
ATLANTA—Ackerman Security Systems has a new president, plans to expand to a new market within about a year, and has revealed an ambitious new growth plan that calls for doubling its revenue over the next five years.The super-regional, based here, announced on Tuesday that Jim Callahan, the company's COO since 2009, is now president of Ackerman. He joined the company 14 years ago as VP of sales.The goal of doubling its revenue by the end of 2016 is “a pretty aggressive plan,“ Callahan...