HOLLYWOOD, Fla.—Golden Gate Capital, the owner of Devcon Security—a super-regional based here that has been rapidly expanding as a national player in the past year—has named Richard Ginsburg as Devcon’s new CEO.
OREM, Utah and BOCA RATON, Fla.—They’ve had the same private equity owner—Golden Gate Capital—since 2009, but traditional model company Devcon Security and summer-sales model company Pinnacle Security have always maintained separate operations, until now.
, yesterday announced a new $215 million credit facility that includes $110 million in new financing. The new financing package more than doubles what was available to the company previously.
