WOODLAND HILLS, Calif.– GHS Interactive Security, a provider of integrated security services for the residential and light commercial end markets, has protected a $50 million credit facility.
The financing will be utilized, in part, to broaden into Austin, Texas, Houston and Phoenix this year.
GHS presently has accounts in California.
The credit center was led by AB Private Credit Investors.
“The repeating income nature of the businessbusiness integrated with the high quality of GHS’s account origination abilities makes this an attractive financial investment opportunity,” Brent Humphries, group head of AB-PCI, stated in a ready statement.
GHS is controlled by New york city personal equity fund Topspin Partners.
Michael Barnes, a partner in the consulting and advisory firm Barnes Associates, which focuses on the security alarm market and co-sponsors the Barnes Buchanan Conference, recommended Baker and Topspin on the deal.
GHS recently reached $500,000 in RMR, Barnes said, which was a significant milestone for GHS.
It was time to broaden from their preliminary debt center. This time, we went looking for something larger and ideally with a lender that could offer an initial facility of up to $50 million, and then go much, much larger in future years. Additionally, we were searching for a group that could go deeper into the capital structure and supply flexibility to GHS around how quick they broadened,” Barnes informed Security Systems News.
For more on Micheal Barnes understandings into the nontraditional GHS deal, go right here.