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Tag: Will Schmidt


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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Commercial

CapitalSource to merge with PacWest Bancorp in $2.3b deal

July 24, 2013Martha Entwistle

CENTURY CITY, Calif.—CapitalSource will still be a source of lending for the security industry after it merges with PacWest Bancorp in a $2.3 billion deal early next year. In fact, CapitalSource's managing director Will Schmidt says he expects the security team to grow in the next few months.“The merger will impact the security group only in a positive way,” Schmidt told Security Systems News. PacWest is supportive of CapitalSource's “streamlined credit process,” he...

CapitalSource, CapitalSource Bank, James J. Pieczynski, Matt Wagner, Pacific Western Bank, PacWest Bancorp, Will Schmidt


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General News

Following the money: Schmidt, Barnes and Christhilf talk deals, valuations and taxes

December 12, 2012Martha Entwistle

YARMOUTH, Maine—A number of big deals happened in 2012: the split-up of Tyco, the acquisition of Vivint and the creation of Securadyne, to name a few. As the end of the year approached, Security Systems News conducted a virtual roundtable with industry experts about the deals that went down and those that did not. How did valuations compare to 2011, and were buyers' and sellers' expectations matching up?Weighing in on these topics were Will Schmidt, managing director of CapitalSource; Michael...

ADT, Barnes Associates, Blackstone, CapitalSource, Michael Barnes, Pamlico Capital, Stuart Christhilf, Vivint, Will Schmidt


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Suppliers

EGD secures $42.5m

September 8, 2011Martha Entwistle

COLUMBIA, S.C.—Electric Guard Dog, based here, a manufacturer and installer of a solar-powered perimeter security system that is electrified and monitored by a central station, announced this week that it secured a new $42.5 million credit facility with CapitalSource. The new facility represents a $12.4 million increase to its existing credit facility. CapitalSource managing director Will Schmidt said EGD has “found a way to build significant RMR by providing perimeter protection, an...

CapitalSource, EGD, Electric Guard Dog, FedEx, Jack DeMao, UPS, Will Schmidt


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Suppliers

DTT gets $20m, eyes convenience store space

September 6, 2011Martha Entwistle

LOS ANGELES—With a $5 million increase in its credit facility, DTT Surveillance intends to enter new retail verticals, Sam Naficy, DTT president and CEO, told Security Systems News. Currently, DTT Surveillance's niche is QSR and hospitality. “We want to cross over to retail more broadly defined and are looking to make investments and accelerate growth with more staff and more office space,” he said. DTT Surveillance on Sept. 6 announced it closed a $20 million credit facility with...

CapitalSource, DTT Surveillance, Sam Naficy, Will Schmidt


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General News

Capital One is new entrant in security finance market

August 11, 2011Martha Entwistle

ST. LOUIS, Mo.—There were two separate, but related announcements in the world of security finance this week. Will Schmidt has taken over the role of managing director of CapitalSource and three CapitalSource executives—Bill Polk, Tom Pagnani and John Robuck—have left CapitalSource to head up a new security lending group at Capital One. Schmidt joined CapitalSource as part of the 2004 SLP Capital acquisition. He started his career at CapitalSource as a loan officer. He has served...

Bill Polk, Capital One, CapitalSource, John Robuck, Security Lending Group, Tom Pagnani, Will Schmidt


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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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Commercial

ASG closes $230m line of credit

February 3, 2011Martha Entwistle

BELTSVILLE, Md.—ASG Security closed Jan 28 on a new $230 million line of credit. Lead by ASG's longtime banking partner, CapitalSource, this round also includes a new participant, Goldman Sachs. Also participating in the round are previous investors: Bank of America, Citizens Bank, Madison Capital and PrivateBank. “It gives us added capital to continue our growth strategy,” ASG CEO Joe Nuccio told Security Systems News. “There are a number of opportunities we've been looking...

ASG Security, Bank of America, CapitalSource, Citizens Bank, Goldman Sachs, Joe Nuccio, Madison Capital, PrivateBank, Ralph Masino, Will Schmidt


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