Bank of America leads a five bank syndicate that has refinanced SAFE Security’s senior debt facility. The new facility provided by the Bank of Montreal, One West Bank, Madison Capital, and US Bank in addition to the Bank of America provides SAFE Security with $130 million of capital to pursue its growth strategy.
At the recently completed ESA Leadership Summit, the results of the annual ESA MegaTrends study, which polled association members on their businesses’ finances, product selection, and future plans, showed optimism and investment in the industry.
Applications for CSAA's Excellence Awards Program are now online, and CSAA is seeking central stations and their managers, operators and support people who perform in the highest professional manner and make significant contributions to the betterment of the alarm industry to apply for this prestigious awards program.
Vector Security, Pittsburgh, in partnership with Risk Management Services Loss Prevention LLC announced a Point-of-Sale (POS) monthly service to address the rise in employee theft and provide a tool for customers to review data and analytics to improve business processes.
Honeywell, Northford, Conn., appointed Gary Lederer to lead Honeywell Life Safety (HLS) – Fire Solutions Americas and oversee Fire Systems and System Sensor, both part of the Honeywell Automation and Control Solutions’ Life Safety business.
Pinnacle Security, Orem, Utah, has been in the news lately with several sales of various assets. Signs point to the dissolution of this company. And with rumors that parent company Golden Gate Capital is looking for a buyer for Devcon Security, this could mean Golden Gate is bowing out of the security industry. A spokesperson for Golden Gate Capital declined to comment.
DKS Wireless expansion boards from DoorKing Inc. connect card readers and keypads to DKS 1830 series access controllers without the need to run wiring, saving time, labor and money.
The convention started with the ESA-FL board of directors meeting, where the chapter’s leaders discussed new initiatives, planned strategies for reaching out to other groups as potential allies, and discussed development of training and education in the state.
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