Tag: SPP Advisors
Advanced Electronic Systems secures $5 million in financing
December 11, 2023SSN Staff
BOSTON— Advanced Electronic Systems (AES) announced that it has received a $5 million growth capital facility from Rockland Trust’s Security Finance Group.
This financing will enable AES to continue to provide top-of-the-line security products and services through ongoing growth strategies, the company said.
“AES was searching for a bank that would be a true partner in helping us grow our business. Rockland Trust provided immediate guidance and support that showed us they...
Dynamark Monitoring secures $20M line of credit
September 25, 2020SSN Staff
BOSTON—Rockland Trust’s Security Alarm Lending Group announced recently that it has provided a $20 million revolving line of credit to Dynamark Monitoring Inc.
“We feel very fortunate to work with an experienced team at Rockland Trust who understands and supports our industry,” Dynamark Monitoring.President and CEO Trey Alter said in the announcement. “This facility will allow us to keep innovating in support of our dealers.”
Headquartered in Hagerstown,...
Alarm New England continues to adapt and grow
March 27, 2019Paul Ragusa
ROCKY HILL, Conn.—Alarm New England, a provider of home and business security systems in New England, continues to adapt and grow the family business that has been going strong for more than 40 years. The company's most recent acquisition of Engineered Security Systems expands their reach in Rhode Island, adding 2,500 new customers, as well as talented new employees, to the Alarm New England team.“Engineered Security Systems is squarely in our footprint and Ken Soscia has been at it a...
Per Mar acquires Barone and PBSS
January 2, 2019
DAVENPORT, Iowa—Per Mar Security Services, a family-owned, full-service security company based here, announced it has acquired Barone and Polk Burnett Security Systems (PBSS) from Iverify for an undisclosed amount. Managing director of SPP Advisors, LLC, Mark Sandler, represented Iverify during the transaction.The acquisition helps expand Per Mar's presence in Nebraska and Wisconsin, specifically in Duluth, Eau Claire and the newly established Omaha location. “This [Omaha] is a new electronic...
Henry Edmonds presents on PERS valuations
October 9, 2013Leif Kothe
As I encounter new theories and projections about PERS valuations, I continue to find a refreshing lack of consensus among the experts. That's not to say there aren't areas of agreement. There are. Those watching the market often cite similar determinants of valuation, such as attrition rates, cash flow and the costs of creating new accounts. But experts seldom invest the same metrics with equal importance.
For example, Barry Epstein, president of Dallas-based Vertex Capital, believes reducing...
Security companies, others eye growth of PERS market
February 20, 2013Leif Kothe
YARMOUTH, Maine—With the market for personal emergency response systems projected to grow substantially in the coming years, it's easy to see why financial analysts and security companies alike are taking an interest in it.Fueled by factors such as an aging population, the potential cost savings for seniors who stay in their own home, and the relative resilience of the market, growth is in the forecast for PERS. However, the projections tend to belie two important points: First, that it's not...