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Tag: The PrivateBank


Residential

Supreme Security makes two acquisitions

May 4, 2016Paul Ragusa, Editor

UNION, N.J.—Supreme Security Systems, a regional security company based here, has acquired Homeguard Alarm Systems, based in Fair Haven, N.J., and CWR Security Systems, Inc., a residential, commercial and industrial security company with more than 30 years of experience serving Monmouth and Ocean counties in New Jersey.Terms of the deals were not released.“This is somewhat of a milestone for us because after taking care of some things in-house, and improving operations and the way we...

David Bitton, Homeguard Alarm Systems, NetOne, Supreme Security Systems, The PrivateBank


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Residential

Titan Alarm secures $5m credit line, makes first acquisition of 2016

March 23, 2016Paul Ragusa, Editor

PHOENIX—After closing on a $5 million line of credit with The PrivateBank, Titan Alarm bought one company and plans to buy another before the end of the month.In its first acquisition of 2016, Titan bought Arizona Fire Test. Both companies are located here.Titan CEO Mike Proudfit told Security Systems News that securing the credit line allows for future growth opportunities for the company in the local Arizona market.“Arizona has a large need for a company that understands and deploys...

Arizona Fire Test, Mike Proudfit, The PrivateBank, Titan Alarm


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Commercial

Eyewitness Surveillance secures $15 million

September 2, 2015Martha Entwistle

HANOVER, Md.—Eyewitness Surveillance, a provider and installer of video monitoring solutions for auto dealerships and metal recyclers, has received $15 million in new financing from The PrivateBank. Rush McCloy, Eyewitness CEO told Security Systems News that the funding will be used to “build out into new markets, hiring [sales and customer support] people, product development and enhancement.”Eyewitness Surveillance has revenue north of $5 million, has attrition of less than 5...

Eyewitness Surveillance, Rush McCloy, Security Systems News, The PrivateBank


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General News

Finance virtual roundtable: The most interesting deals of 2013 and predictions for 2014

December 30, 2013Martha Entwistle

Every January, Security Systems News asks security finance experts to share their opinions on deals done, valuations sought and won, and prospects for buyers and sellers in the coming year. This year, the following experts participated in a virtual roundtable discussion: Jennifer Holloway, managing director, Security Industry Group, at The PrivateBank and Trust Company, a Chicago-based commercial bank and wealth management institution with a national specialty lending group dedicated solely to the...

Ascent Capital, Barry Epstein, CapitalSource, Jennifer Holloway, Kastle Systems International, monitronics, physical security, Security Lender Group, Security Networks, SSN


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General News

Doing your due diligence

July 17, 2013Martha Entwistle

YARMOUTH, Maine—When a bank considers making a loan to a security company it goes through a standard due diligence process, so if you're a security company looking to acquire a competitor, “you should look for the same things that we look for in your business,” according to Jennifer Holloway, managing director in the Security Industry Group at The PrivateBank.Holloway's remarks were part of a presentation she gave during an educational session she participated in with Security Systems...

Jennifer Holloway, mergers and acquisitions, physical security, Security Industry Group, SSN, The PrivateBank


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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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