10/25/2016 | Announcement
Ironwood Capital Announces Mezzanine Investment in SAFE Security®
AVON, CONNECTICUT, October 25, 2016 – Ironwood Capital is pleased to announce a mezzanine investment in SAFE Security® (“SAFE”). Ironwood served as lead investor on the transaction, investing in conjunction with OFS Capital Corporation (NASDAQ: OFS). Peter Flynn of SPP Advisors represented SAFE in the transaction.
Founded in 1988 and headquartered in San Ramon, California, SAFE is one of the largest providers of security alarm systems in the US. SAFE provides alarm monitoring and related services to over 100,000 customers in all 50 states, Puerto Rico and Canada.
“Our extensive experience in the security alarm industry, combined with the quality of management, makes SAFE a good fit for us,” said Carolyn Galiette, president and chief investment officer at Ironwood Capital. “SAFE’s established customer base, organic growth engine, growing dealer program and strong relationships with independent dealers is impressive. We like the team, we like their growth plan and we like the business trajectory,” noted Roger Roche, Ironwood Capital senior managing director.
“With the completion of this critical financing, SAFE can continue executing its business plan. We look forward to working with Ironwood,” noted SAFE Chief Executive Officer Paul Sargenti.
About Ironwood Capital
Ironwood Capital is a Connecticut-based private equity firm that provides non-control growth capital to middle market companies. Over the past 15 years, we have invested $600 million in over 100 companies. We take a straightforward approach in providing profitable, well-managed companies with growth and transition capital coupled with strategic, operational and financial guidance. Ironwood invests in the form of subordinated debt and preferred stock in amounts ranging from $5 million to $20 million to support business owners and financial sponsors in growth financings, full and partial recapitalizations, generational transitions and buyouts. With nearly 30 years of middle market experience, we seek to simplify a process that is often unnecessarily wrought with complexity and contention. For more information, please visit www.ironwoodcap.com.
About SAFE Security®
Founded in 1988, SAFE Security® consistently ranks among the top 25 largest security alarm companies in the United States and is one of the few fully national alarm companies with operations in 50 states, Puerto Rico and Canada. SAFE’s platform includes an experienced management team, wholly-owned central monitoring station, an active dealer program, authorized national service provider network and the resource infrastructure to provide business and account management services. SAFE is headquartered in San Ramon, California. For more information, visit the company’s website at www.safesecurity.com.
Contacts:
Carolyn C. Galiette
President and
Chief Investment Officer
(860) 409-2105
galiette@ironwoodcap.com
Kathy Butler
Marketing and Communications
Director
(860) 409-2117
butler@ironwoodcap.com
