Ackerman Security Systems receives $75M in financing

Atlanta-based Ackerman Security Systems announced this week that it recently closed a $75 million five-year financing deal.

In a statement, Ackerman President Jim Callahan said that the funds will be used to help the company grow.

"This credit facility will provide Ackerman with the financing it needs to continue its growth strategy," he said. "This includes funding for additional initiatives we are considering such as entering new markets or acquisitions."

The company, which has offices in both Atlanta and Washington, D.C., has doubled in size over the last five years and now boasts more than 85,000 customer sites and $2 million in recurring monthly revenue.

"This financing gives a tremendous boost to our long term growth strategy," said Bruce Turry, the company’s CEO. "It will enable us to offer more advanced systems and advanced technology to our customers.  We are gratified by the confidence our banks have in our strategy and the strength of our company."