Dynamark Monitoring Bags $20M in Financing From Rockland Trust
Proceeds from the revolving line of credit will be used to support Dynamark’s steady acquisition strategy as it expands its growing footprint.
BOSTON — Rockland Trust’s Security Alarm Lending Group announces it has provided a multi-year, $20 million revolving line of credit to Dynamark Monitoring.
Headquartered in Hagerstown, Md., Dynamark provides wholesale security monitoring services for more than 500 security alarm dealers and retail security services for over 13,000 customers across the United States.
“The Security Alarm Lending team at Rockland Trust has developed a solid working relationship with the executive leadership team at Dynamark. We look forward to strengthening this partnership and assisting Dynamark in their continued success,” says Joe Herzog, senior vice president of specialized lending at Rockland Trust. “We have a seasoned team of Security Alarm Lending professionals managing a robust portfolio that continues to grow. We are pleased to partner with an industry leader such as Dynamark.”
Proceeds from the revolving line of credit will be used to support the monitoring provider’s steady acquisition strategy as it expands its growing footprint, according to the announcement.
“Rockland has been terrific to work with and very supportive as we have rapidly expanded our business. This financing will allow us to continue our growth strategy and further develop some of the industry’s most innovative monitoring technologies to support dealers,” adds Trey Alter, CEO of Dynamark Monitoring.
Dynamark Monitoring was represented by SPP advisors and provides security monitoring services for intrusion, fire, video, medical and IoT alarms. Dynamark Monitoring is a Five Diamond accredited monitoring facility, a recognition of security excellence granted each year by The Monitoring Association, that represents companies committed to the highest standards in professional monitoring.
Dynamark previously received a $20 million credit facility from Rockland Trust in September 2020.
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