Orem, Utah (PRWEB) February 24, 2015
NorthStar Alarm Services, LLC, has increased its credit facility to $ 80 million, doubling its facility since the companys recapitalization with Bank of America, Goldman Sachs and The Beekman Group, 20 short months ago. Bank of America remains the lead bank on the expanded credit facility and new participants include: The Private Bank, Capital Source, and Capital One. NorthStar will use the additional financing to support the companys anticipated growth over the next two years.
In mid-2014, it became apparent that an increased credit facility would be necessary to support the growth we were experiencing and it became essential after our acquisition of certain assets from Vision Security, said Jason Christensen, CEO of NorthStar. Its exciting to see the growth of NorthStar and see that we are on track to accomplish the goals we set as a company two years ago.
NorthStar has established itself as a key player in the security industry, doubling its RMR over the past two years from approximately $ 1MM to over $ 2MM. The company was noted by SDM Magazine as the 18th largest residential home security company in the nation in 2014, and is expected to climb the rankings in 2015.
About NorthStar Alarm Services
NorthStar Alarm is one of the fastest growing home security and automation companies in North America. For more than a decade, NorthStar has been providing families with peace of mind, while staying true to the core values of integrity, accountability, and service. NorthStar is now serving over 43,000 customers nationwide, and has the equipment, relationships, and reputation that you can count on. Visit NorthStarHome.com for more information.