SLP Capital Sold

CHEVY CHASE, Md. – Alarm industry lender SLP Capital has been purchased by commercial finance lender CapitalSource Inc. in an asset purchase valued at $75.2 million.

The acquisition, completed in early April, could be a lifesaver for a company that has been struggling since its main benefactor – Citizens Bank – put the clamps on what it was providing to SLP and its customers.

“Citizens reduced its lending to SLP and SLP had to squeeze its clients,” says security industry financial analyst Jack Mallon, publisher of Mallon’s Security Report. “This is a very positive thing for the industry.”

If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!

Security Is Our Business, Too

For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Commercial Integrator + 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 to your bottom line.

A FREE subscription to the top resource for security and integration industry will prove to be invaluable.

Subscribe Today!

Get Our Newsletters