Interface Security Systems Completes $115M Notes Offering
The proceeds of the offering will support Interface’s growth strategy to deliver security solutions in a fully integrated and managed IP bundle.
ST. LOUIS – Interface Security Systems plans to use the proceeds from a $115 million notes offering to support the firm’s growth strategy in the electronic security solutions market.
Interface Security is a portfolio company of Dallas-based private equity firm SunTX Capital Partners and provides IP-managed physical security and secured managed network services, to primarily large, commercial multi-site customers.
Many of the firm’s multi-location retail clients have taken advantage of how ISS bundles physical security, video and digital voice over a PCI-compliant private managed broadband network. So, ISS plans to use the funds to help its customers procure critical technology.
“Interface is pleased to have closed on this offering, which garnered significant interest from the investment community,” ISS Founder and CEO Michael Shaw says. “The proceeds from the offering will support the company’s continued focus on penetrating this expanding market segment with its unparalleled services.”
The notes were issued by Interface at the holding company level in this month and are unsecured, St. Louis Business Journal reports.
“Interface continues to strategically raise capital in support of its aggressive growth plan,” Craig Jennings, partner and CFO of SunTX Capital Partners says. “The strong reaction to this Offering reflects the tremendous confidence the investment community has in Interface’s compelling value proposition, and SunTx is proud to be an investor in and partner to Interface.”
Imperial Capital advised Interface and acted as sole book runner for the offering.
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add sales to your bottom line.
A free subscription to the #1 resource for the residential and commercial security industry will prove to be invaluable. Subscribe today!