OGDEN, UT, May 31, 2019 – Becklar, LLC, parent company of both AvantGuard Monitoring Centers and Freeus, announced the closing of a new $25 million debt facility with Pacific Western Bank. The Edmonds Group served as exclusive financial adviser to Becklar.
Josh Garner, CEO of Becklar said, “The new debt facility will be used to support continued growth and acquisitions at both AvantGuard and Freeus. While we greatly appreciated the strong interest we received from the banking community in this process, we felt that Pacific Western Bank offered the best combination of pricing and flexibility. We look forward to continuing our relationship with them.”
“Henry Edmonds and his team ran a very effective process for us, ensuring that we identified the best partner and the most attractive terms,” said Garner. “Their effort on our behalf exceeded our expectations.”
Will Schmidt, Managing Director of Pacific Western Bank’s Security Lending Group added, “We are honored to be extending our relationship with Josh and his team. AvantGuard and Freeus are two of the best run organizations in the industry and we look forward to many more years of partnership.”
About Becklar, LLC
Becklar LLC is the parent company of independently operated sister companies, AvantGuard and Freeus.
About AvantGuard Monitoring Centers, LLC
AvantGuard provides professional third party monitoring and event response services to dealers in the security alarm, PERS, and IoT industries. For more information on AvantGuard visit www.agmonitoring.com.
About Freeus, LLC
Freeus is a wholesale provider of revolutionary mobile medical alerts, powered by its award-winning Orion platform. For more information on Freeus, visit www.freeus.com.
About Pacific Western Bank
Pacific Western Bank is a commercial bank with over $26 billion in assets and 74 full-service branches located throughout California and one branch in Durham, North Carolina. Our National Lending Group provides asset-based, equipment, real estate and security cash flow loans and treasury management services to established middle-market businesses on a national basis. We also offer Community and Venture Banking services. For more information about Pacific Western Bank, visit www.pacwest.com.
About The Edmonds Group, LLC
The Edmonds Group is a specialized investment bank focused on recurring revenue businesses with a particular emphasis on the security alarm industry, the PERS industry and related verticals. The Edmonds Group has closed over 55 transactions representing more than $3.5 billion in transaction value since its inception in 2004. For more information on The Edmonds Group, visit www.theedmondsgroup.com.