Given a readily available supply of investment money to the security industry, might we see even more mergers and acquisition (M&A) activity in the coming year?
Such appeared to be one message as the Security Industry Association (SIA) Investment Trends Committee presented an update on security-related capital markets, M&A and investment information.
In the “middle market loan market,” where all but the top several security industry companies might look for money, there are plenty of funds available for M&A transactions, says Will Schmidt, Managing Director, Security Lending Group Company, Capital Source. “There is improvement every quarter, with more issuance (of money) going to M&A or growth activity (rather than refinancing). The shift toward new money issuance supports a capital investment trend that...