March 19, 2020 – New Canaan Funding (“NCF”) provided financing to support the add-on acquisition of nexVortex by BCM Group Holdings, Inc. (“BCM One” or the “Company”). BCM One is a portfolio company of Thompson Street Capital Partners (“TSCP”). NCF provided debt financing in BCM One as part of this acquisition.
BCM One, headquartered in New York, New York, is a leading provider of technology solutions supporting critical network infrastructure including technology expense optimization, unified communications, SD-WAN, cloud, security, and connectivity. TSCP acquired BCM One and consolidated two add-on acquisitions, SIPCo and Arena One in 2019 and the acquisition of nexVortex represents the third add-on acquisition to the BCM One platform.
New Canaan Funding, with offices in Naples, Florida, 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 sixth fund. The investment in BCM One represents NCF’s thirteenth investment in the fund. This financing represents the first investment with TSCP.
Thompson Street Capital Partners is a St. Louis-based private equity firm focused on founder-led middle-market businesses in the healthcare and life science services, software and technology services and business services and engineered products sectors. Founded in 2000, the firm has acquired more than 100 companies and has managed more the $2.6 billion in equity. TSCP partners with management teams to increase value by accelerating growth, both organically and via acquisitions.
Contact and additional information for Thompson Street Capital Partners can be found at https://www.tscp.com.
Contact at New Canaan Funding: