CompuDyne Corporation
CompuDyne Corporation
Fund: II
Investment Date: December 1998
Exit Date: October 2001
Headquarters: Baltimore, Maryland

CompuDyne Corporation (“CompuDyne”), headquartered in Baltimore, Maryland, is a leading provider of security systems for the domestic corrections industry. CompuDyne is engaged primarily in the design, installation and maintenance of both electronic security and physical security (cell doors, guard booths, locking mechanisms, etc.) products.

Merit provided subordinated debt and common stock to finance the acquisition of CompuDyne’s largest competitor.