Tag: Vecotr Security

PITTSBURGH— Vector Security began awarding Loss Prevention Foundation (LPF) scholarships in 2009 to provide financial support to loss prevention professionals or those interested in a loss prevention career, seeking to obtain LPF's Loss Prevention Qualified (LPQ) or Loss Prevention Certified (LPC) certifications. More than 260 scholarships totaling $262,460 have been awarded since this program began. This year, a total of 10 LPQ and 10 LPC scholarships will be awarded to U.S.-based professionals,...

PITTSBURGH—Vector Security, a provider of residential and commercial security and automation solutions, announced this week it has entered into a $450 million credit agreement led by PNC Bank, with National Association as Administrative Agent; PNC Capital Markets LLC as Sole Bookrunner and Joint Lead Arranger; and with Bank of America and U.S. Bank acting as Joint Lead Arrangers and Syndication Agents.This new credit agreement provides for a $450 million revolving credit facility commitment,...

PITTSBURGH—Vector Security announced the acquisition of ADS Security, headquartered in Nashville, Tenn. The transaction officially closed on Monday, June 3.ADS Security's strength in the Southeast combined with the current Vector Security footprint will establish a broader, deeper presence in the U.S. Collectively both companies will have close to $20 million in recurring monthly revenue and a customer base of nearly 400k subscribers.“We are excited to welcome the team members and customers...

ALBANY, N.Y.—Proposed legislation being developed by an alarm association committee here has created such a stir that the New York Burglar & Fire Alarm Association has decided to conduct an open forum discussion at its Feb. 10 board of directors meeting. The legislation in question, called Article 6-E, would require licensing of central station employees of any central station wishing to monitor alarms in the state of New York. “While the NYBFAA took numerous steps to alert the membership...