DTT, a Las Vegas, Nevada-based provider of video-based managed service solutions to the hospitality and C-Store industries, closed an $80m debt facility.
The financing was led by Administrative Agent, Capital One and CapitalSource, a division of Pacific Western Bank.
The facility will be utilized primarily for the acquisition of LP Innovations Inc. (LPI), a loss prevention provider to the retail industry and for additional growth capital.
The acquisition of LPI will enable DTT to continue developing innovative data analysis and risk mitigation technology and to maintain its position as a leading provider of managed loss prevention solutions in all of retail.
Led by Sam Naficy, CEO and Founder, DTT provides digital video surveillance solutions to the hospitality and specialty retail industries. The company has equipped, serviced and supported more than 35,000 clients including McDonald’s, SUBWAY®, Dairy Queen, Burger King, Taco Bell, KFC, Auntie Anne’s, and Potbelly Sandwich Works, among others.