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Tag: Robert Farenhem


Residential

Devcon secures $215m credit facility

July 13, 2011Tess Nacelewicz

HOLLYWOOD, Fla.—Devcon Security, a super-regional that has rapidly expanded into a national player in the past year, yesterday announced a new $215 million credit facility that includes $110 million in new financing. The new financing package more than doubles what was available to the company previously. “We're ecstatic,” Robert Farenhem, president and CEO of Devcon, which is based here, told Security Systems News. “This is a fairly substantial increase in availability over...

Bank of America, CapitalSource Finance, CIT, Devcon Security, Doug Bayerd, Golden Gate Capital, Robert Farenhem, The PrivateBank, Will Schmidt


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Residential

Devcon goes national

May 5, 2011Martha Entwistle

HOLLYWOOD, Fla.—There's a new national player in the home security market—Devcon Security. Over the past seven months, Devcon has quietly transformed from a super-regional with nine branches to a company with a national footprint and more than 50 branches across the country. Devcon has nearly doubled its employee headcount—going from 450 last October to 785 today. It opened a 100-employee, 23,000 square-foot national operations center in Irving, Texas, and hired top talent across...

Barnes Associates, Barnes Buchanan Conference, Brink’s Home Security, Broadview, Christopher Munday, Devcon Security, Doug Bayerd, Golden Gate Capital, Keith Patterson, Kristin Clark


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