September 14, 2015 – New Canaan Funding (“NCF”) provided financing to support the acquisition of Safemark, Inc. (“Safemark”) by MSouth Equity Partners. New Canaan Funding (“NCF”) provided subordinated notes and equity in Safemark as part of this acquisition.
Founded in 1983 and headquartered in Orlando, Florida, Safemark is the global leader in providing technology-enabled secure storage, mobility, and guest amenity solutions to the hospital and entertainment & leisure-related industries through three well-positioned brands. Safemark Systems is the largest supplier of safes to the U.S. hotel industry. Safemark’s Best Lockers division is the leading designer and producer of personal storage solutions, primarily lockers. ScooterBug, acquired by Safemark in August 2014, is the leading designer and provider of mobility and guest amenity solutions for over 20 years.
New Canaan Funding, with offices in New Canaan, Connecticut and Wheaton, Illinois, is a mezzanine firm focused on the middle market private sponsor community. Since its beginnings in 1995, NCF has targeted acquisitions, recapitalizations and growth financings in conjunction with its private equity clients. NCF is currently investing out of its fifth fund. The investment in Safemark represents NCF’s seventeenth investment in the fund. This financing represents the second with MSouth Equity Partners.
MSouth Equity Partners, based in Atlanta, Georgia, is a private equity investment firm that provides equity capital and expertise to support management teams in acquisitions and recapitalizations of lower middle market companies. MSouth invests primarily in the South with a consistent focus on management buyouts of business services, distribution, specialty manufacturing and telecommunications/media companies.
Contact and additional information for MSouth Equity Partners can be found at http://www.msouth.com/.
Contact at New Canaan Funding:
Bradley A. Ament