Southfield Capital Investment News & Updates

Protos Security and Southfield Announce the Strategic Acquisition of AT-RISK International to Accelerate the Buildout of a Global Intelligence-led Protective Services Platform

Mon, 27 Apr 2026 18:00:46 GMT

Acquisition strengthens Protos’ overall integrated protection solutions offering through the addition of enhanced intelligence, executive protection, and consulting services

Greenwich, CT – April 27, 2026 – Southfield Capital (“Southfield”), a premier lower middle market private equity firm, announced today that Security Services Holdings LLC, (“Protos”), a Southfield portfolio company and a leading national tech-enabled managed services security provider in North America, has acquired AT-RISK International (“AT-RISK”), a globally-recognized provider of executive and general protective services, intelligence, and risk consulting services.

Since its founding in 2006, Protos has established itself as a leading tech-enabled managed security services provider with a unique service model that provides clients with access to a comprehensive security service network. The partnership with AT-RISK marks a significant milestone in Protos’ long-term strategy of building a category-leading, software-enabled integrated protection platform with substantial reach and a differentiated mix of high-value specialized services designed to address the increasingly complex and evolving security needs of its clients. By acquiring AT-RISK, Protos now has the ability to solidify its position as a market leading provider of off-duty and specialized services, as well as further advance its differentiated managed services provider model.

AT-RISK, which was founded in 2013 and is headquartered in Washington D.C., brings deep domain expertise across risk consulting, investigations, threat assessments, global risk monitoring and protective services, including executive, residential, event, and asset protection. These capabilities enhance Protos’ existing platform and position the company to meet rising demand for intelligence-led, end-to-end security solutions among enterprise and high-net-worth clients.

“This acquisition marks an important milestone in our growth strategy as we look to continue expanding our addressable market and tap into additional high-growth areas,” said Mark Hjelle, CEO of Protos. “AT-RISK’s specialized capabilities perfectly complement our existing platform, and our combined offering better equips us to continue providing industry leading solutions that allow our clients to navigate their evolving security needs.”

Southfield Partner, Brandon Pinderhughes, commented, “Protos continues to execute on its disciplined acquisition strategy focused on building a scaled, differentiated provider of protection solutions. The addition of AT-RISK represents an important step in this evolution, and we are excited to continue supporting Mark and the Protos team in this next phase of the Company’s growth story.”

The partnership with AT-RISK represents Protos’ 12th acquisition since partnering with Southfield.

About Southfield Capital

Southfield Capital is a premier private equity firm with a foundational commitment to driving value at high-growth, lower middle market companies in the business services sector. The firm leverages its deep team of highly-experienced investment, technology and value-creation professionals, combined with fully-integrated AI-driven capabilities to partner with founders and manager-owned teams. For more information, please visit www.southfieldcapital.com

About Protos Security

Protos Security is a leading tech-enabled managed security services provider offering physical guarding, off-duty officers, specialized and remote monitoring services for a diverse customer base across North America. Through a unique managed services model, clients gain access to a vast and agile provider network for security service delivery. Protos’ unwavering commitment to innovation paired with real-time security program data insights ensures that Protos is a relentless advocate for clients and their people. For more information, please visit www.protossecurity.com

Bob Root on Nasdaq Trade Talks: Delivering AI Solutions to Middle Market Businesses

Fri, 17 Apr 2026 15:46:57 GMT

Greenwich, CT – April 17, 2026 – Southfield Capital’s Transformation Partner Bob Root recently appeared on Nasdaq Trade Talks to discuss how Southfield, through its acquisition and integration of Contextual.io, is positioned as the technology leader in the lower middle market. Together, Southfield and Contextual are delivering customized AI-driven solutions to founder and family-owned businesses in the lower middle market, improving operational efficiency and identifying new sources of revenue and lines of business.

Watch Bob's segment here: www.nasdaq.com/videos/integrating-ai-private-equity-investment-banking-operations

The views and opinions expressed in this video are those of the speakers and are subject to change at any time. These views may not necessarily reflect the views of Southfield Capital LP. This content is for informational purposes only and should not be construed as investment advice or a recommendation to buy or sell any security.

Southfield Makes Majority Investment in Specialist Search Platform Metric to Establish Leading Global Human Capital Solutions Firm

Tue, 24 Mar 2026 12:00:34 GMT

Institutional Partnership with Southfield to Further Metric’s Expansion and Acceleration of Global Footprint as a Market Leader in the Specialist Search & Recruitment Space

Greenwich, CT – March 24, 2026 – Southfield Capital (“Southfield”), a premier lower middle market private equity firm, today announced that it has made a majority investment in Metric Search, Ltd. (“Metric,” or the “Company”), a leading specialized provider of talent solutions and human capital placement services for niche, high-growth sectors, including MedTech, life sciences, engineering, and data centers.

Founded in New York in 2019, Metric has quickly established itself as an industry leader in the executive search and talent solutions space with over 130 consultants globally across seven offices in the U.S. and UK. The Company, which delivers senior and executive-level search through four specialist sub-brands – Metric Geo (Engineering and Infrastructure), Metric DCX (Data Centers), Metric Bio (Life Sciences and MedTech), and Metric Exec (C-suite and PE-backed executive search) – has been recognized in the Financial Times FT1000 list of fastest-growing companies in both 2025 and 2026. Metric Founder & CEO, Joe Jani, will remain in his position as part of the firm’s management team and work alongside Southfield to continue executing on the next phase of the Company’s ambitious growth strategy.

Joe Jani commented, “This is a defining moment, not because of the capital, but because of what it represents. Every decision we have made since 2019 has been about staying disciplined, staying specialist, and earning the trust of the clients and candidates we work with. Our sectors, Data Centers, Life Sciences, Infrastructure, and Engineering, are at the center of the most important capital flows in the global economy, and the cost of getting talent wrong in those markets is high. Metric exists to solve that problem, and with Southfield’s backing we now have the platform, the resources, and the team to do it at scale.”

Metric’s strong management team, specialized micro niche-focused service strategy, unique internal recruitment and training model, and strong client value proposition, position it to continue capitalizing on the emerging imbalances across the labor market. Partnering with Southfield now provides Metric with significant runway and support for both organic and inorganic growth within the highly fragmented industry, while also expanding its service offerings to better serve their current and future clientele.

“We were immediately impressed by the differentiated offering Metric has created since its founding in 2019, especially in a market that is often commoditized,” said Chris Grambling, Partner at Southfield Capital. “Their focus on sectors with structural talent scarcity, together with their depth of expertise and track record within those sectors, has allowed them to establish an exceptional, best-in-class, and highly scalable platform. We are excited to be partnering with Joe and the rest of the Metric team as part of their ambition to be a global leader in the specialist executive search space.”

Having invested in more than 100+ entrepreneur-built businesses since 2002, Southfield’s majority investment in Metric is the third platform made from its current flagship fund, Southfield Capital IV.

Tree Line Capital Partners provided debt financing. Finn Dixon & Herling LLP and Simmons & Simmons LLP provided legal counsel to Southfield. Houlihan Lokey acted as the exclusive financial advisor to Metric.

About Southfield Capital

About Metric Search

Metric is a specialist executive search and talent solutions firm, operating across Engineering, Infrastructure, Data Centers, Life Sciences, and MedTech. Founded in New York in 2019 by Joe Jani, Metric has grown to over 130 consultants across seven global offices, serving clients through four specialist sub-brands: Metric Geo, Metric DCX, Metric Bio, and Metric Exec. Recognized on the FT1000 list of fastest-growing companies in 2026, Metric has established a reputation for sector depth, delivery quality, and long-term client and candidate relationships. For more information, please vis it www.metricsearch.com

Southfield Capital Portfolio Company Franchise FastLane Acquires Franchise Creator to Strengthen and Expand Its Vertically Integrated Ecosystem

Fri, 20 Mar 2026 20:37:55 GMT

Acquisition Furthers Ongoing Growth Strategy and Positions FastLane as Integrated Growth Platform Supporting Franchisors from Concept Through Scale .

Greenwich, CT – March 20, 2026 – Southfield Capital (“Southfield”), a premier lower middle market private equity firm, today announced that its portfolio company, Franchise FastLane (“FastLane” or “the Company”), a leading franchise sales organization, has completed the strategic acquisition of Franchise Creator, a premier firm specializing in identifying and guiding early-stage franchisors through concept validation, franchise readiness, and foundational growth planning.

The addition of Franchise Creator allows FastLane to establish an integrated growth platform that supports franchisors from concept through scale, leveraging Franchise Creator’s strong reputation working with emerging brands at the earliest stages of their franchising journey and helping founders validate their models, prepare for franchising, and establish strong foundations for growth. As part of FastLane, Franchise Creator will continue to focus on early-stage brand identification and support, while benefiting from the scale, infrastructure, and development capabilities of the broader FastLane ecosystem, enabling it to better help founders build strong, scalable franchise models.

“This acquisition represents an exciting step in FastLane’s evolution and the continued execution of our organic and targeted M&A growth strategy,” said Tim Koch, President & COO of FastLane . “In partnering with Southfield, we have set out to build more than a franchise sales organization. Franchise Creator’s best-in-class ability to identify and guide early-stage brands is a powerful complement to FastLane, and we’re excited to integrate their insights and capabilities into our platform. Through this combination, we are able to further our mission of building the first end-to-end franchise services business, capable of working with brands from their formation through maturity.”

“From day one, Franchise Creator has been about helping founders turn great ideas into real, viable franchise brands,” said Hossein Kasmai, Founder of Franchise Creator. “FastLane shares that same belief, and they bring the resources, experience, and platform to help our clients go further and faster. This partnership allows us to stay true to who we are while expanding what’s possible for our team and the founders we serve.”

“This acquisition aligns perfectly with FastLane’s long-term strategy of building a differentiated, vertically integrated platform across the franchising lifecycle,” said Josh Sylvan, Principal at Southfield Capital. “By expanding upstream into early-stage brand creation and readiness, FastLane is strengthening its recurring revenue profile, improving brand quality entering development, and building a more durable enterprise. We’re excited to have the opportunity to partner with Hossein and the Franchise Creator team to continue building on the Company’s momentum and strengthening both its market position and ability to serve franchisors and founders across the country.”

TPG Twin Brook provided debt financing. Troutman Pepper Hamilton Sanders LLP provided legal counsel to FastLane and Southfield. Boxwood Partners acted as the exclusive financial advisor to Franchise Creator.

About Southfield Capital

About Franchise FastLane

Franchise FastLane provides franchise development services. It manages the entire franchisee sales lifecycle from initial lead generation to prospect qualification through to deal closure. FastLane works with franchisors to perfect their discovery process, bring qualified franchisee leads, and drive strong growth. FastLane leverages a rigorous diligence and onboarding process, industry-leading technology platform, and exceptional sales executives to drive successful franchise development for its franchisor clients. For more information, please visit www.franchisefastlane.com

About Franchise Creator

Franchise Creator specializes in identifying and guiding early-stage franchisors through concept validation, franchise readiness, and foundational growth planning, helping founders build strong, scalable franchise models and provides back-end services like bookkeeping and marketing. For more information, please visit www.franchisecreator.com

Southfield Capital Acquires and Integrates AI Orchestration Platform Contextual.io to Enhance its Value Creation Abilities in The Lower Middle Market

Mon, 26 Jan 2026 14:17:39 GMT

AI-driven Full-Service Business Model Complements Firm’s Technology Expertise and Business Services Focus, Furthering Ongoing Mission to Drive Value Transformation for Founders and Manager-Owners

Contextual to Provide Customized AI Solutions for Small and Medium Sized Businesses

GREENWICH, CT — January 26, 2026 — Southfield Capital (“Southfield” or the “Firm”), a premier lower middle market private equity firm, today announced that it has acquired Contextual.io (“Contextual” or the “Company”), a solutions-oriented AI orchestration platform that provides practical and actionable AI-driven value creation solutions to businesses across sectors. As part of the acquisition, Contextual’s AI-driven capabilities will be fully embedded into Southfield’s partnership model, facilitating the delivery of the Firm’s ongoing mission to be a future-ready innovation and technology leading partner for founders and manager-owned businesses in the lower middle market. Terms of the transaction have not been disclosed.

Founded and led by CEO Andrew Brooks and the team that developed and successfully managed SmartThings through its acquisition by Samsung, Contextual is an AI solutions provider that rapidly deploys cost-effective, enterprise-grade AI solutions for any process, data, AI platform, business operating system, or industry. Working hand-in-hand with business leaders, Contextual’s “Own your AI” mantra enables companies of all sizes to cost-effectively develop scalable AI solutions that provide meaningful competitive differentiation. The Company leverages a consultative sales approach to engage directly with businesses across sectors to identify areas ripe for AI solutions, facilitating the creation of fit-to-purpose work process automation that delivers immediate ROI and can open new lines of business or revenue. Contextual has an established track record of providing valuable cost reduction, increasing wallet share, and developing new service offerings across industries.

Since its founding in 2002, Southfield has partnered with exceptional founders and management teams to help transform businesses across the lower middle market. The integration of Contextual represents a natural next step in the Firm’s commitment to scaling transformation by utilizing technology and shoulder-to-shoulder support to accelerate reporting and diligence structures, as well as drive operational excellence. Contextual’s full-service business model, combined with Southfield’s operational and financial expertise, allows for seamless integration of customized and practical AI-driven solutions specifically structured to identify new lines of revenue and meet the needs of each of its founder and manager-owned partners throughout the lifecycle of an investment. Additionally, Southfield will benefit from enhanced identification and vetting of new investment opportunities where AI-driven levers could have the most potential impact, helping to unlock growth opportunities across new sectors where operational excellence and automation can create a decisive competitive edge.

“Small and medium sized businesses have historically been under-served from a technology standpoint,” said Bob Root, Transformation Partner at Southfield. “With Contextual, we can close this gap by providing a future-ready blueprint supported by a full-service business model that combines best-in-class business transformation expertise, technological acumen, cost-effectiveness, and speed and efficiency of execution. Throughout my more than two decades in functional technology implementation, Contextual’s technological capabilities and deep understanding of business and market operations has stood out, and we have seen first-hand the impact these solutions and their partnership can have. The wholistic integration of Contextual into Southfield represents an important milestone in the ongoing evolution of our value creation model, marrying our on-the-ground, personal partnership approach with cutting edge AI solutions and infrastructure support built for company-specific applications across the duration of the business’s lifecycle.”

This latest step in Southfield’s evolution follows the addition of Bob Root in 2023 to head the Firm’s value creation efforts. The Contextual team adds to Southfield’s unparalleled value transformation capabilities, adding the ability to develop and implement practical AI-driven solutions supported by a strong understanding of business operations. The formation of a highly-experienced senior team that combines investment acuity with deep technology and operational expertise, is part of Southfield’s ongoing commitment to creating a diverse and specialized workforce designed to drive transformational value creation opportunities and directly lead the AI revolution for portfolio companies and LPs through a cutting-edge and innovative approach.

“Value creation has always served as the foundation for everything we do at Southfield, and we are strong proponents of the potential AI has to dramatically accelerate growth at each and every business,” said Andy Levison, Founder & Managing Partner of Southfield. “Contextual complements our existing technology expertise, exceptional transformation leadership and shoulder-to-shoulder approach, which will re-align how we can meet and exceed the evolving needs of our founder and manager partners. We are excited to capitalize on this generational opportunity — for Contextual as it expands its breadth and market share, our portfolio companies as they partner closely with Andrew and his team, and for Southfield as we leverage these capabilities to enhance our processes and identify new avenues of growth potential.”

“Southfield’s get-it-done mindset, foundation in innovation and collegial culture rooted in collaboration, respect, authenticity, and transparency, aligns with our growth-focused mentality and core values at Contextual,“ said Andrew Brooks, CEO of Contextual. “We see a unique opportunity to help disrupt and bring meaningful efficiencies across the business services market, and Southfield’s focus positions us well to quickly accelerate our growth. As an integrated part of the Southfield team, we are excited to bring technology and execution prowess to effectively utilize AI tools and evolve the value creation capabilities into an offering that is differentiated from all others in the lower-middle market.”

About Southfield Capital

Southfield Capital is a premier private equity firm with a foundational commitment to driving value at high-growth, lower middle market companies in the business services sector. The firm leverages its deep team of highly-experienced investment, technology and value-creation professionals, combined with fully-integrated AI-driven capabilities to partner with founders and manager-owned teams of companies with $4-20 million in EBITDA. For more information, please visit www.southfieldcapital.com .

About Contextual.io

Contextual designs, builds, and operates purpose-built AI Solutions on a proprietary AI Orchestration platform designed for enterprise solutions — not POCs. By combining a client's unique data and workflows with Contextual's pre-built tools and proven expertise in leveraging AI for true transformation, clients see production ROI impact in weeks, not months. For more information, please visit www.contextual.io .

Kelvin Group and Southfield Capital Announce the Strategic Acquisition of PermaCold Engineering

Wed, 07 Jan 2026 07:34:07 GMT

GREENWICH, CT – Southfield Capital, a premier lower middle market private equity firm, announced today that Kelvin Group, (“Kelvin”), a leading national provider of industrial and commercial mission-critical mechanical refrigeration services, process safety management and environmental compliance, has completed the acquisition of PermaCold Engineering, Inc. (“PermaCold”), a premier industrial refrigeration company headquartered in the Pacific Northwest. The acquisition of PermaCold represents Kelvin’s fourteenth acquisition since partnering with Southfield.

Founded more than 30 years ago by industry pioneers, Steve Jackson and Randy Cieloha, PermaCold has built a reputation for excellence, innovation and reliability in the industrial refrigeration industry. The company is widely recognized for its expertise in ammonia and CO2 refrigeration systems as well as its ability to deliver complex, high-performance solutions to clients across the western United States.

The integration of PermaCold into Kelvin Group's family of companies, which features reputable brands such as ARC Mechanical, Refrigeration Design & Service (RD&S), RC&E, HCG Associates, and JS Compliance, further solidifies Kelvin's standing as a national provider of mission-critical mechanical services.

“Kelvin’s acquisition of PermaCold represents an exciting milestone as the company continues its national expansion strategy by entering the Pacific Northwest. PermaCold’s deep technical expertise, admired technician team and customer service focus makes them a natural partner for Kelvin,” said Harry Gray, CEO of Kelvin Group. “Together, we look forward to offering an enhanced set of capabilities to support our combined customer base.”

“When we decided to sell, Randy and I were adamant in locating an organization that shares our company’s culture and values relating to customers and employees, and Kelvin more than achieved this goal,” said Steve Jackson, “We’re excited to leverage Kelvin’s national footprint to better serve our customers while staying true to the values that have guided us for more than 30 years.”

Southfield Partner, Chris Grambling, commented on the transaction, "We are delighted to welcome the PermaCold team to the Kelvin family. PermaCold has built a phenomenal reputation in the Pacific Northwest and their addition bolsters Kelvin’s geographic coverage, establishing Kelvin as a coast-to-coast mechanical services provider."

Deerpath Capital Management and Crescent Capital provided debt financing. G2 Capital Advisors served as the buy-side advisor to Kelvin. Finn, Dixon & Herling provided legal counsel to Kelvin and Southfield Capital.

About Kelvin Group
Kelvin Group is a national leader in the field of industrial and commercial mission-critical mechanical services, process safety management and environmental compliance. Its turnkey solutions provide design/installation, service and planned maintenance and testing and compliance of world-class mechanical systems for leaders in the food and beverage, cold storage, pharmaceutical, educational, health care, and process industries. Once engaged with customers, Kelvin assists business owners achieve mandated health, safety, environmental and regulatory compliance standards.

For more information, please visit www.kelvin.cool .

About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the business services sector. The firm targets companies with $4 - 20 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.

For more information, please visit www.southfieldcapital.com .

Milrose Consultants and Southfield Capital Announce the Strategic Acquisition of Borne Consulting

Thu, 04 Sep 2025 16:55:36 GMT

GREENWICH, CT – Southfield Capital, a premier lower middle market private equity firm, announced today that Milrose Consultants (“Milrose”), a leading national regulatory consulting and compliance firm serving the built environment, has completed the acquisition of Borne Consulting (“Borne”), a San Francisco-based architectural engineering firm specializing in building envelope solutions. The acquisition of Borne represents Milrose’s fourteenth acquisition since partnering with Southfield and further expands Milrose’s presence in Northern California.

Borne has built a reputation for delivering high-quality technical expertise and pragmatic solutions for complex building rehabilitation projects. With a focus on façades, roofing, balconies, and below-grade waterproofing, Borne provides a full suite of services including condition assessments, construction documentation, permitting support, capital asset planning, bidding coordination, and construction administration.

The acquisition of Borne extends Milrose’s architectural and engineering presence in Northern California and adds specialized expertise in envelope consulting and restoration services. Borne’s trusted local relationships and proven project delivery enhance Milrose’s ability to support complex rehabilitation projects in the region.

Cade D. Osborne, PE, Founder and Principal of Borne, expressed his enthusiasm, “I’m excited to join forces with Milrose Consultants. Milrose’s national platform and commitment to excellence will allow us to scale our impact and continue providing thoughtful, high-performance solutions to building owners and managers across the country.”

“Cade’s deep technical knowledge and client-first approach align perfectly with Milrose’s mission to deliver best-in-class building lifecycle services,” said Dominic Maurillo, CEO of Milrose Consultants. “This acquisition strengthens our capabilities in architectural engineering and expands our presence in the Bay Area, allowing us to better serve our clients with enhanced envelope consulting and restoration services.”

Southfield Partner, Chris Grambling, commented on the transaction, “The addition of Borne to the Milrose platform underscores our commitment to expanding both our national footprint and the depth of expertise we offer clients. We look forward to working with Cade to enhance Milrose’s suite of services and presence in the Bay Area.”

About Milrose Consultants
Milrose Consultants is the national leader in the field of building code consulting and municipal expediting with headquarters in New York City and offices nationwide. Customers rely on Milrose to provide end-to-end building compliance services that include permitting, code & zoning, regulatory filing, special inspections, façade inspections, due diligence & research, and other compliance solutions. Milrose provides high-end services across various large, growing industries, including commercial, multi-family residential, retail, industrial, healthcare, and academia.

For more information, please visit www.milrose.com .

About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the business services sector. The firm targets companies with $4 - 20 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.

For more information, please visit www.southfieldcapital.com .

Protos Security and Southfield Capital Announce the Strategic Divestiture of Mulligan Security

Wed, 20 Aug 2025 07:49:27 GMT

GREENWICH, CT – Southfield Capital, a premier lower middle market private equity firm, announced today that Security Services Holdings LLC, (“Protos”), a leading national tech-enabled managed services security provider in North America, has completed the divestiture of Mulligan Security (including MG Security Services) to Allied Universal. The transaction closed on July 3, 2025.

The divestiture is a key step in Protos’ strategic plan to increase its investment in, and purposefully focus its efforts on, its managed services platform while accelerating growth. Protos’ singular focus is to drive a differentiated, data driven and tailored service experience for customers seeking a better way to manage their security programs. This divestiture reinforces Protos’ commitment to investing in high-growth areas where technology and operational excellence drive measurable client outcomes.

Protos is a leading tech-enabled managed services provider in the security industry, with the largest North American supplier network of guarding and off-duty service providers, complemented by specialized security and remote video solutions. This divestiture underscores Protos’ disciplined approach to provide a differentiated client experience while accelerating its investment in a scalable, high-growth platform driven by technology and data intelligence.

“With the divestiture of Mulligan, Protos will be laser-focused on driving a superior customer experience across its national footprint through our supplier managed model,” said Mark Hjelle, Protos CEO. “The Protos managed services model is unique to the marketplace and provides customers with improved operational transparency, flexibility and cost control.”

Southfield Partner, Brandon Pinderhughes, commented on the transaction, “This transaction marks an important step in Protos’ strategic journey. By concentrating on its tech-enabled model, Protos is positioned to drive innovation, expand its capabilities, and deliver exceptional results for clients, regardless of their end market or their footprint inside North America.”

About Protos Security
Protos Security is a leading tech-enabled managed security services provider offering physical guarding, off-duty officers, specialized and remote monitoring services for a diverse customer base across North America. Through a unique managed services model, clients gain access to a vast and agile provider network for security service delivery. Protos’ unwavering commitment to innovation paired with real-time security program data insights ensures that Protos is a relentless advocate for clients and their people.

For more information, please visit www.protossecurity.com.

About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the business services sector. The firm targets companies with $4 - 20 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.

For more information, please visit www.southfieldcapital.com.

Milrose Consultants and Southfield Capital Announce Strategic Acquisition of ARC Private Provider Services

Tue, 12 Aug 2025 17:06:59 GMT

GREENWICH, CT – Southfield Capital, a premier lower middle market private equity firm, announced today that Milrose Consultants (“Milrose”), a leading national provider of building code compliance, fulfillment, and consulting solutions, has completed the acquisition of ARC Private Provider Services, Inc. and Plans Runner, Inc., (collectively “ARC”). The acquisition of ARC represents Milrose’s thirteenth acquisition since partnering with Southfield, and first in the Florida market.

ARC provides permitting and code compliance services, specializing in expediting the process for Florida customers through the state's Alternative Plans Review and Inspections Program. With a decade of experience, ARC has supported billions of dollars in public and private construction throughout Florida by providing expert plans review, permitting, and private provider services.

The partnership with ARC will allow Milrose to expand its core permitting and special inspections services into the South Florida market. ARC’s strong regional footprint and longstanding relationships with building departments also enable Milrose to better serve national accounts operating in the region. Additionally, ARC introduces a complementary third-party review and inspection service, unique to Florida, that enhances Milrose’s ability to offer faster permitting approvals and fully integrated inspection packages on major projects.

Ricardo Bermudez, President of ARC Private Provider Services, Inc., expressed his enthusiasm for the partnership, saying, "Partnering with Milrose Consultants opens the door to new opportunities to deliver value across a broader range of markets and deepen relationships throughout the Milrose Companies. We’re excited to merge our strengths to drive innovation in the industry across our permitting, Alternative Plans Review and Inspections Program offerings.”

"We are excited to welcome Ricardo, Nate, and the very talented team at ARC into the Milrose family," said Dominic Maurillo, CEO of Milrose Consultants. “ARC’s deep expertise in Florida permitting, private provider inspections, and third-party plan review expands our capabilities and strengthens our ability to deliver end-to-end code compliance solutions for clients with complex projects in key regional markets. This acquisition reinforces our commitment to providing comprehensive, high-quality support throughout every stage of the construction process, while enhancing our local presence and responsiveness in South Florida.”

Southfield Partner, Chris Grambling, commented on the transaction, “The addition of ARC to Milrose represents another milestone in our mission to expand Milrose’s geographic coverage and range of services as an end-to-end national provider of building compliance consulting. We are thrilled to collaborate with Ricardo, Nate, and their team as we deliver even greater value to our clients.”

Wiggin and Dana LLP provided legal counsel and Monroe Capital provided financing to Milrose and Southfield Capital.

About Milrose Consultants
Milrose Consultants is the national leader in the field of building code consulting and municipal expediting with headquarters in New York City and offices nationwide. Customers rely on Milrose to provide end-to-end building compliance services that include permitting, code & zoning, regulatory filing, special inspections, façade inspections, due diligence & research, and other compliance solutions. Milrose provides high-end services across various large, growing industries, including commercial, multi-family residential, retail, industrial, healthcare, and academia.

For more information, please visit www.milrose.com.

About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the business services sector. The firm targets companies with $4 - 20 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.

For more information, please visit www.southfieldcapital.com.

Osprey Landscape Group and Southfield Capital Announce Strategic Partnership with Earthworks, Inc.

Tue, 15 Jul 2025 04:22:08 GMT

GREENWICH, CT – Southfield Capital, a premier lower middle market private equity firm, announced today that its portfolio company, Osprey Landscape Group (“Osprey”), a leading commercial landscape management company, has partnered with Earthworks, Inc. (“Earthworks”), a Texas-based provider of commercial landscaping services to multifamily, commercial, and HOA customers. The partnership with Earthworks builds on the platform Osprey began with Pacific Landscape Management and marks its third transaction since partnering with Southfield.

For over 40 years, Earthworks has delivered high-quality landscaping services, including maintenance, irrigation, enhancement, tree care, and floriculture services in the Dallas / Ft. Worth and Houston markets. With a skilled team of dedicated landscape professionals, Earthworks has built a strong reputation for reliability, service quality, and long-term client relationships.

The new partnership between Osprey and Earthworks expands Osprey’s geographic reach into the Dallas / Ft. Worth and Houston metropolitan areas, two of the most attractive and fast-growing markets in the country. The expansion strengthens Osprey’s ability to serve clients in these regions and reinforces its presence across an increasingly broad national footprint.

Chris Lee, CEO of Earthworks, shared his enthusiasm about the partnership, stating, “Teaming up with Osprey is a tremendous opportunity to further enhance our services. We’re excited to continue providing the service and quality our customers expect from us, while also leveraging Osprey’s best practices to deliver even greater value.”

"We are excited to welcome Chris and the talented team at Earthworks into the Osprey family," said Josh Dake, CEO of Osprey. “Earthworks’ strong presence in Texas and commitment to high-quality commercial landscaping services align perfectly with our mission to deliver exceptional maintenance and enhancement solutions to our customers. This partnership expands our reach into key growth markets and reinforces our commitment to providing high-quality, reliable services to our clients.”

Southfield Partner, Heb James, commented on the transaction, “Our new partnership with Earthworks marks an important step in our effort to build a group of market-leading commercial landscaping businesses. We’re pleased to partner with Chris and the Earthworks team as we expand our capabilities and deliver even greater value to our clients.”

Finn Dixon & Herling LLP provided legal counsel and Monroe Capital provided financing to Osprey and Southfield Capital.

About Osprey Landscape Group
Osprey Landscape Group is a leading national provider of commercial landscaping services with locations in Seattle, Portland, Dallas / Ft. Worth, and Houston. Osprey offers end-to-end commercial landscaping services that include landscape management, maintenance, enhancement, design, snow & ice, and floriculture. Osprey delivers high-quality services across various large, growing industries, including commercial, multi-family, retail, industrial, education, and healthcare.

For more information, please visit www.ospreylg.com.

About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the business services sector. The firm targets companies with $4 - 20 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.

For more information, please visit www.southfieldcapital.com.

Milrose Consultants and Southfield Capital Form Strategic Partnership with Surface Design Group

Thu, 10 Jul 2025 04:22:55 GMT

GREENWICH, CT – Southfield Capital (“Southfield”), a premier lower middle market private equity firm, announced today that Milrose Consultants (“Milrose”), a leading building lifecycle firm providing building regulatory, code compliance, permitting fulfillment, and consulting solutions has formed a strategic partnership with Surface Design Group (“Surface Design”), a New York-based firm specializing in building envelope design and construction architecture. This collaboration expands Milrose’s architecture and engineering consulting service offering and enhances Milrose’s ability to deliver comprehensive, end-to-end solutions to its clients.

This strategic partnership unites Milrose’s industry-leading building compliance services with Surface Design’s specialized expertise in façade consulting, including new metal and glass curtain walls, masonry restoration, window replacement, specialty structures, and complex geometric designs. By leveraging each other’s strengths, Milrose and Surface Design will deliver enhanced value to clients, offering seamless solutions from early schematic design through construction administration.

AJ LaBelle, President of Surface Design, shared his excitement about the partnership, stating "I am personally thrilled to be joining forces with Milrose. This partnership allows us to extend our reach and enhance our ability to deliver innovative façade solutions to clients nationwide with the same level of quality that we are known for within our local market sector. Together, we will provide a deep bench of unparalleled service, with years of experience behind the work ensuring our clients’ visions are realized with precision, efficiency, and real-world knowledge of our trade."

“We are pleased to welcome Surface Design Group to the Milrose family,” said Dominic Maurillo, CEO of Milrose. “Their extensive expertise in building envelope design and construction, combined with their commitment to personalized client relationships, perfectly complements our mission to provide mission-critical compliance solutions. This partnership strengthens our ability to serve clients across the building lifecycle, ensuring their projects are completed efficiently and to the highest standards.”

Southfield Partner, Chris Grambling, commented on the transaction, “Our partnership with Surface Design marks another significant step forward for Milrose as it strengthens its position as an industry leader. We’re excited to partner with AJ and his team as we expand our capabilities to deliver end-to-end solutions for clients navigating complex building compliance and façade design challenges across the U.S.”

About Milrose Consultants
Milrose Consultants is the national leader in the field of building code consulting and municipal expediting with headquarters in New York City and offices nationwide. Customers rely on Milrose to provide end-to-end building compliance services that include permitting, code & zoning, regulatory filing, special inspections, façade inspections, due diligence & research, and other compliance solutions. Milrose provides high-end services across various large, growing industries, including commercial, multi-family residential, retail, industrial, healthcare, and academia.

For more information, please visit www.milrose.com.

About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the business services sector. The firm targets companies with $4 - 20 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.

For more information, please visit www.southfieldcapital.com.

Alba and Southfield Capital Announce the Strategic Acquisition of The Perishable Specialist

Tue, 20 May 2025 04:23:47 GMT

GREENWICH, CT – Southfield Capital, a premier lower middle market private equity firm, announced today that Alba Wheels Up (“Alba”), a provider of customs brokerage, freight forwarding, trade compliance and other logistics services, based in Valley Stream, NY, has acquired The Perishable Specialist, Inc. (“PSI”), a strategic move that strengthens Alba’s expertise in perishable logistics and expands its presence in Miami, FL.

PSI has built a strong reputation based on its expertise importing a diverse range of fresh produce. Owned by industry veterans Frank and Ana Ramos, who will remain with the business, PSI has provided critical services to U.S. importers of fresh and frozen fruits and vegetables for over two decades. Given PSI’s focus on time-sensitive and highly regulated commodities, the partnership aligns seamlessly with Alba’s core areas of expertise and growth strategy.

This acquisition enhances Alba’s footprint in Miami, a key gateway for perishables, while offering PSI’s clients access to Alba’s nationwide network of offices located at major perishable-focused U.S. ports. Additionally, PSI’s customers will benefit from Alba’s advanced transportation, technology, and trade compliance solutions, ensuring streamlined, efficient supply chain management.

With this partnership, Alba strengthens its position as one of the largest customs brokerage and logistics service providers supporting the produce industry and other key, trade sensitive end markets.

“Ana and Frank Ramos are highly respected in the produce industry, in Miami and across Central and South America,” said Luis Eraña, CEO of Alba. “We’re thrilled to welcome them and their team to Alba.”

“Investing in our capabilities and technology has been a long-standing goal for us,” said Ana and Frank Ramos, Co-Presidents of PSI. “Alba’s platform and vision align perfectly with PSI, and we’re excited about the enhanced services and solutions we will provide to our clients.”

Southfield Partner, Heb James, commented, “We are thrilled to partner with Ana and Frank. The addition of PSI meaningfully enhances our capabilities in an important trade-sensitive category.”

About Alba Wheels Up
Alba is a fully integrated logistics provider offering customs brokerage, logistics, trade intelligence and industry-leading supply chain solutions to middle market and enterprise companies. Alba is headquartered in NY with offices in CA, FL, MD, NJ, PA, and VA.

For more information, please visit www.albawheelsup.com.

About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services sector. The firm targets companies with $4 - 20 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.

Southfield Capital Closes Oversubscribed Fund IV at $560 million

Thu, 08 May 2025 04:24:46 GMT

GREENWICH, CT – Southfield Capital, a premier lower middle market private equity firm, announced the final close of Southfield Capital IV (“Fund IV”) with $560 million of capital commitments. Fund IV was oversubscribed and exceeded its original hard cap.

Fund IV attracted strong support from existing investors and broadened its limited partner base with select new institutional investors across the U.S. and internationally, including family offices, consultants, pension funds, insurance companies, and fund of funds.

With over twenty years of experience, Southfield works collaboratively with management teams to accelerate organic growth and implement targeted add-on acquisition strategies with the goal of at least tripling the size of the businesses. Fund IV seeks to continue Southfield’s successful strategy of partnering and investing in entrepreneur-built, growth-oriented business services companies in the lower middle market. Southfield’s partnership-first model complements its deep experience and track record in creating value for their limited partners and management teams.

Andy Levison, Managing Partner at Southfield, said, “We are grateful for the continued trust and support of our limited partners, both returning and new. The successful closing of Fund IV is a testament to the strength of our investment strategy and the caliber of our team. We remain committed to partnering with outstanding management teams to unlock significant value through digital transformation and strategic growth to deliver exceptional returns for our investors.”

Atlantic-Pacific Capital served as Fund IV’s exclusive global placement agent and advisor.

About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services sector. The firm targets companies with $4 - 20 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.

For more information, please visit www.southfieldcapital.com.

Alba Wheels Up and Southfield Capital Announce Cobalt Wine Logistics’ Strategic Acquisition of North Coast Logistics, Inc.

Tue, 18 Mar 2025 04:25:31 GMT

GREENWICH, CT – Southfield Capital, a premier lower middle market private equity firm, announced today that Alba Wheels Up (“Alba”), a provider of customs brokerage, freight forwarding, trade compliance and other logistics services, based in Valley Stream, NY, has acquired North Coast Logistics, Inc. (“NCL”), a strategic move to enhance logistics solutions within the wine and spirits storage and transportation industry. The acquisition of NCL will be integrated into Alba’s Cobalt Wine Logistics business unit and represents Alba’s fifth acquisition since partnering with Southfield.

The acquisition strengthens Cobalt’s position in the wine and spirits logistics sector by expanding its transportation capabilities. Based in Napa, CA, Cobalt is a leader in international wine and spirits logistics, while NCL, headquartered in Petaluma, CA and founded and managed by Tammie and Travis Pisors, has been operating for 25 years in the domestic wine consolidation and distribution space delivering over-the-road services. By combining expertise, the newly integrated organization will offer seamless, end-to-end over-the-land eastbound and westbound solutions for the wine industry, providing expanded efficiencies for current and future customers.

“NCL’s distribution services perfectly complement Cobalt’s intermodal logistics portfolio, allowing us to expand further the range of services offered to our clients,” said George McGowen, President of Cobalt Wine Logistics. “Since we started collaborating with Tammie and Travis several years ago, we identified the incredible potential of combining our strengths, and I’m excited to work alongside the NCL team to develop innovative new solutions for the industry.”

Tammie Pisors, President of North Coast Logistics, Inc., shared similar enthusiasm, “This partnership opens up significant opportunities for our clients, leveraging Cobalt’s international capabilities and robust demand planning tools. The synergies between our companies will drive real value for the industry.”

Southfield Partner, Heb James, commented, “We are thrilled to partner with Tammie and Travis. The addition of NCL further enhances Alba’s wine and spirits logistics capabilities adding over-the-road services to its service offering and reinforces our leadership position in the food and beverage transportation space.”

About Alba Wheels Up
Alba is a fully integrated logistics provider offering customs brokerage, logistics, trade intelligence and industry-leading supply chain solutions to middle market and enterprise companies. Alba is headquartered in NY with offices in CA, FL, MD, NJ, PA TX, and VA.

For more information, please visit www.albawheelsup.com.

About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services sector. The firm targets companies with $4 - 20 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.

For more information, please visit www.southfieldcapital.com.

Southfield Capital Announces the Promotion of Chris Grambling to Partner

Wed, 15 Jan 2025 04:26:42 GMT

GREENWICH, CT – Southfield Capital, a premier lower middle market private equity firm, announced today that Chris Grambling has been promoted to Partner.

Since joining Southfield as a Vice President in 2018, Chris has added significant value to Southfield, and his strategic insight and dedication have been instrumental to the firm’s success. In his new role as Partner, Chris will continue to provide invaluable leadership and further drive greater impact for an even more successful future for Southfield.

Andy Levison, Managing Partner at Southfield Capital, stated, “Chris has been a dedicated leader for a number of years, consistently demonstrating excellence and commitment. He personifies Southfield’s culture.”

Chris is currently on the board of directors of Business Development Resources, Kelvin Group, Milrose Consultants, and Alba Wheels Up, and previously served on the board of Ntiva.

Prior to joining Southfield, Chris was a Senior Associate at A&M Capital Opportunities, where he focused on growth-oriented investments in the lower middle market. Prior to joining A&M Capital, Chris was a Senior Associate at RFE Investment Partners, a lower middle-market private equity fund focused on growing companies in the niche manufacturing, business services and healthcare services industries. Previously, Chris was an Associate of TAP Advisors, a boutique investment banking and advisory firm. Chris began his career as an Analyst in the M&A group at Deutsche Bank Securities.

Reflecting on his promotion, Chris stated, “I’m excited to step into this new role as Partner and eager to continue our dedication to growth, innovation, and value creation for our investors and portfolio companies.”

About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services sector. The firm targets companies with $4 - 15 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.

For more information, please visit www.southfieldcapital.com

Milrose Consultants and Southfield Capital Announce Strategic Acquisition of Construction Specifications, Inc.

Mon, 16 Dec 2024 04:29:43 GMT

GREENWICH, CT – Southfield Capital, a premier lower middle market private equity firm, announced today that Milrose Consultants (“Milrose”), a leading national provider of building code compliance, fulfillment, and consulting solutions, has completed the acquisition of Construction Specifications, Inc. (“CSI”), a New Jersey-based firm specializing in architectural specification writing and consulting. The acquisition of CSI represents Milrose’s eleventh acquisition since partnering with Southfield.

CSI has over 50 years of experience as the country’s leading provider of high-quality, accurate, and timely architectural specifications. The firm has contributed to both public and private renovation and construction projects worldwide, by servicing a diverse clientele that includes government agencies, educational institutions, commercial enterprises, and residential developments.

The new Milrose Consultants and CSI partnership will allow both companies to leverage each other's capabilities and geographic reach to better serve their clients and enhance the portfolio of services they can offer across an expanded national footprint.

Aaron Pine, CEO of CSI, shared his excitement about the partnership, stating, "Joining forces with Milrose Consultants presents an incredible opportunity to offer immediate value in more end markets and throughout the Milrose family of companies. We are excited to combine our expertise and provide industry leading innovation and highest level of client service and expertise solutions to our current and new clients."

"We are excited to welcome Aaron and the very talented team at Construction Specifications, Inc. into the Milrose family," said Dominic Maurillo, CEO of Milrose Consultants. "CSI's leading national expertise in architectural specification consulting complements our existing services and enhances our ability to provide end-to-end building compliance solutions for our clients. This acquisition underscores our commitment to delivering comprehensive, high-quality consulting services across all stages of the construction project lifecycle in all locations nationally."

Southfield Partner, Chris Grambling, commented on the transaction, “The addition of CSI to Milrose represents another milestone in our mission to solidify Milrose’s leadership in the industry. We are thrilled to collaborate with Aaron and his team as we broaden our capabilities and deliver even greater value to our clients.”

Wiggin and Dana LLP provided legal counsel and Monroe Capital provided financing to Milrose and Southfield Capital.

About Milrose Consultants
Milrose Consultants is a national leader in the field of building code consulting and municipal expediting with headquarters in New York City and offices nationwide. Customers rely on Milrose to provide end-to-end building compliance services that include permitting, code & zoning, regulatory filing, special inspections, façade inspections, due diligence & research, and other compliance solutions. Milrose provides high-end services across various large, growing industries, including Commercial, Multi-Family Residential, Retail, Industrial, Healthcare, and Academia.

For more information, please visit www.milrose.com.

About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services sector. The firm targets companies with $4 - 15 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.

For more information, please visit www.southfieldcapital.com.

Kelvin Group and Southfield Capital Announce Strategic Acquisition of JS Compliance, LLC

Thu, 21 Nov 2024 04:30:53 GMT

GREENWICH, CT – Southfield Capital, a premier lower middle market private equity firm, announced today that Kelvin Group (“Kelvin”), one of the largest independent industrial and commercial mission-critical mechanical services companies in the United States, has completed the acquisition of JS Compliance, LLC (“JSC”), a nationwide process safety and risk management (“PSM”) and risk management consultancy organization. The acquisition of JSC represents Kelvin’s thirteenth acquisition since partnering with Southfield.

With a wide range of service capabilities, JSC provides process safety management, health safety, and environmental and hazardous materials compliance advice across the continental U.S. The acquisition benefits Kelvin’s existing compliance customers, adding to its offering of premier ammonia refrigeration services and expanding geographic reach and PSM expertise across the broader organization.

“I could not think of a better fit for JS Compliance,” said Jeanette “Jet” Stiffler, Founder and President of JS Compliance. “Our mission has always been to prioritize people, both in our workplace and in the solutions we provide to clients. With Kelvin we’re able to expand that mission, offering greater support to our employees and clients as we help them navigate the complexities of safety and compliance.”

“Welcoming Jet Stiffler and her talented group into Kelvin is a significant milestone, and we’re ready to achieve even greater things together,” said Kelvin CEO Harry Gray. “Kelvin’s strength as a leading national company lies in building long-term client partnerships based on trust, adaptability, and a deep commitment to safety. This acquisition enables us to offer even more robust solutions for managing compliance, ensuring clients can operate safely and effectively.”

Southfield Principal, Chris Grambling, commented on the transaction, "JS Compliance represents another great addition to Kelvin. We welcome Jet and her team as we continue to build on Kelvin’s industry leadership by partnering with strong companies and cultures that align with Kelvin’s mission and values.”

G2 Capital Advisors served as the buy-side advisor to Kelvin. Finn, Dixon & Herling provided legal counsel to Kelvin and Southfield Capital.

About Kelvin Group
Kelvin Group is a leader in the field of industrial and commercial mission-critical mechanical services, process safety management and environmental compliance. Its turnkey solutions provide design/installation and ongoing service and preventative maintenance of world-class mechanical systems for leaders in the food and beverage, cold storage, pharmaceutical, educational, health care, and process industries. Once engaged with customers, it assists business owners achieve mandated health, safety, environmental and regulatory compliance standards.

For more information, please visit www.kelvin.cool.

About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services sector. The firm targets companies with $4 - 15 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.

For more information, please visit www.southfieldcapital.com.

Southfield Capital Partners with TFS

Sun, 21 Jul 2024 04:31:43 GMT

GREENWICH, CT - Southfield Capital, a premier lower middle market private equity firm, announced today its partnership with TFS, Ltd. (“TFS” or the “Company”), a leading independent, nationwide provider of material handling fleet management services. TFS was acquired from OnPoint Group, a facility management provider servicing commercial docks and doors. The team led by President Michael Quimby will remain in their existing roles post-close while Founder & former CEO Brent Parent and former COO Todd Roberts will also return to the Company to further bolster the executive team.

Headquartered in Perrysburg, OH, TFS provides outsourced fleet management solutions for critical material handling assets such as forklifts and automated guided vehicles to customers nationwide. The Company provides brand-independent, comprehensive fleet management service throughout an asset’s lifecycle including data driven offerings helping clients achieve yearly savings by optimizing fleet size, asset utilization and safety. TFS also originates financing and leasing solutions by connecting vendors, end-users and financial institutions through its subsidiary, OnPoint Capital. The Company services over 100 customers with over 35,000 total assets under management across over 2,100 sites nationwide.

“We are delighted to join forces with Southfield and confident that our collaboration will enable the Company to continue growing in our primary market while expanding to new service lines. With Southfield’s backing we will be able to enhance our service capabilities and strengthen our technology platform. We have had a long-standing relationship with the Southfield team over the last twenty years and their vision for the future of TFS aligns well with what we intend to develop in the coming years,” said Michael Quimby.

Andy Cook, Partner at Southfield Capital, commented, “Southfield’s history and relationship with TFS provides us with a unique opportunity to re-invest in a team we have worked with before and have full belief in TFS’s remarkable success is due to the team’s deep sector expertise and relentless customer service. We look forward to supporting TFS as they continue to deliver excellent outcomes for customers while growing and expanding their service offering.”

Comvest Credit Partners provided debt financing and Finn Dixon & Herling LLP provided legal counsel to Southfield Capital.

About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services sector. The firm targets companies with $4 - 15 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.

For more information, please visit www.southfieldcapital.com.

Southfield Capital Announces Partnership with Business Development Resources, Inc.

Wed, 10 Jul 2024 04:32:43 GMT

GREENWICH, CT – Southfield Capital, a premier lower middle market private equity firm, announced today its partnership with Business Development Resources, Inc. (“BDR” or the “Company”), a leading business coaching and training organization to field services contractors and distributors. As part of Southfield’s investment in BDR, the Company simultaneously acquired BxB Media, a full-service marketing agency supporting similar field services contractors. BDR’s owner, Bruce Wiseman, will remain involved in the business post-close, with Mr. Wiseman continuing in his existing capacity as CEO.

BDR provides business coaching and training to field services contractors and distributors. The Company helps founder-owned services businesses build sustainable companies through a broad portfolio of coaching services focused on strategy, accounting and marketing. The Company leverages a rigorous curriculum and exceptional team of coaches to succeed in driving value for its partners. BDR was founded in 1998 by Bruce Wiseman and Barry Burnett (in memoriam) and is headquartered in Seattle, WA.

BDR and BxB Media have been partnering for over a decade to support the growth of field service contractors nationwide. That history, paired with aligned missions, visions, and values, led to a natural fit in the acquisition process. The BxB Media brand will operate under BDR as a new “Marketing Services” department, continuing to expand the reach of two first-class industry brands.

“We are excited to partner with Southfield and believe this partnership will enable BDR to accelerate growth and expand our reach and capabilities for our clients. From the beginning of this process, it was clear the Southfield team aligned with our organization both culturally and in their strategic vision,” said Bruce Wiseman. “Southfield’s proven track record of building exceptional growth businesses makes us confident we will successfully expand our core markets while maintaining our position as a leading coaching and training organization with a winning culture. We will continue to provide best-in-class service to the home service industry, driving exemplary results for our clients.”

Chris Grambling, Principal at Southfield Capital, commented, “We are pleased to partner with Bruce and the BDR team. They have built a tremendous business over their 25-year history and have numerous growth opportunities that Southfield is ready to assist with. With BDR’s impressive team and client base, alongside an industry-best curriculum, we believe there is a very exciting road ahead.”

Tree Line Capital Partners provided debt financing. Troutman Pepper Hamilton Sanders LLP provided legal counsel to Southfield Capital and Houlihan Lokey acted as Southfield’s exclusive financial advisor. Uplift Partners acted as the exclusive financial advisor to BDR and BxB.

About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services sector. The firm targets companies with $4 - 15 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.

For more information, please visit www.southfieldcapital.com .

Kelvin Group and Southfield Capital Announce RD&S's Strategic Acquisition of GMS Services

Tue, 18 Jun 2024 04:33:47 GMT

GREENWICH, CT – Southfield Capital, a premier lower middle market private equity firm, announced today that Kelvin Group (“Kelvin”), a platform dedicated to building a collaborative group of independent industrial and commercial mission-critical mechanical services companies in the U.S., has completed the acquisition of GMS Services (“GMS”), a commercial refrigeration and HVAC services provider headquartered in Charleston, SC. The acquisition of GMS will be integrated into Kelvin’s RD&S business unit and represents Kelvin’s twelfth acquisition since partnering with Southfield.

With a wide range of service capabilities, GMS’s solutions offer optimized tailored cooling systems for supermarkets, and other commercial needs. GMS’s commitment to excellence provides refrigeration solutions that ensure efficiency and reliability for large and mid-sized supermarkets, food storage areas, walk/reach-in systems, ice machines and process cooling. GMS provides a full range of maintenance, rebuild and repair services, covering all areas of refrigeration.

“With the acquisition of GMS, we’re expanding our offerings in the Mid-Atlantic and Southeast markets and providing a larger scope of services for our valued customers,” said Harry Gray, CEO of Kelvin Group. “The collaboration between RD&S and GMS promises efficient and reliable solutions of commercial and industrial HVAC/R systems, specifically in the supermarket sector.”

“We’re thrilled to announce our new partnership with RD&S and Kelvin Group. This collaboration heralds a period of dynamic growth and innovation, marking a significant milestone for us,” said David Moran, President and former owner of GMS. “By combining our experience with the expertise of RD&S and Kelvin Group, we’re poised to deliver enhanced value to our clients. Moreover, by joining the Kelvin Group family, we are now positioned to provide extensive benefits and professional development opportunities for our associates. Our team is energized by the endless possibilities this acquisition brings.”

Southfield Principal, Chris Grambling, commented on the transaction, "We are excited to join forces with the GMS team. GMS represents RD&S’s second acquisition under Kelvin Group and expands our service capabilities, significantly enhancing the value we can provide for our customers in the Mid-Atlantic and Southeast.”

Deerpath Capital Management and Crescent Capital Group provided debt financing. Finn, Dixon & Herling provided legal counsel to Kelvin and Southfield Capital.

About Kelvin Group
Kelvin Group is a leader in the field of industrial and commercial mission-critical mechanical services, process safety management and environmental compliance. Its turnkey solutions provide design/installation and ongoing service and preventative maintenance of world-class mechanical systems for leaders in the food and beverage, cold storage, pharmaceutical, educational, health care, and process industries. Once engaged with customers, it assists business owners achieve mandated health, safety, environmental and regulatory compliance standards.

For more information, please visit www.kelvin.cool .

About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services sector. The firm targets companies with $4 - 15 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.

For more information, please visit www.southfieldcapital.com .

Protos Security and Southfield Capital Announce the Strategic Acquisition of Summit Off Duty Services

Tue, 04 Jun 2024 04:34:32 GMT

GREENWICH, CT – Southfield Capital, a premier lower middle market private equity firm, announced today that Security Services Holdings LLC, (“Protos”), a tech-enabled vendor managed security services provider in North America, has completed the acquisition of Summit Off Duty Services (“Summit”), an off-duty police officer security provider. The acquisition of Summit represents Protos’ tenth acquisition since partnering with Southfield.

Headquartered in Irving, TX, Summit manages onsite security for clients nationwide, providing security and law enforcement industry expertise through a vast nationwide network of police officers. Summit’s suite of services and features provides access to more than 60,000 police officers, representing more than 1,400 law enforcement agencies.

Alex Smith, President of Summit said, “Our commitment to providing high quality security solutions aligned closely with Protos’ mission, making the partnership a favorable path for Summit. I am confident that Protos and Summit will continue to drive success and improve the security experience. Our cultures are well-aligned in terms of our business models as we both focus on delivering reliable security solutions through physical security expertise and a tech-forward approach.”

“This acquisition greatly accelerates the growth of our organization and enhances our off-duty law enforcement service offering while also positioning us as the fourth largest security services provider nationally,” said Mark Hjelle, CEO at Protos. “The combination of the companies will allow us to better serve clients across the nation with a large network of off-duty officers and is a great investment. We couldn’t be prouder to have Summit in our portfolio.”

Southfield Partner, Brandon Pinderhughes, commented on the transaction, “We are delighted to welcome the Summit team to the Protos family. The addition of Summit provides greater scale in the attractive off-duty segment and significantly enhances the range of services available to our valued customers.”

By continuing to invest in its management team, technology and service capabilities, Protos continues to further its mission to provide differentiated, leading total-value security solutions that deliver world-class service to its customers.

About Protos Security
Protos Security is a premier software-enabled security services provider offering guarding services, off-duty services and remote services for a diverse customer base across North America. Through a unique managed services model, clients gain access to a vast and agile provider network for security service delivery. Protos’ unwavering commitment to innovation and software excellence paired with real-time security program data insights ensures that Protos is a relentless advocate for clients and their people.

For more information, please visit www.protossecurity.com.

About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services sector. The firm targets companies with $4 - 15 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.

For more information, please visit www.southfieldcapital.com.

Kelvin Group and Southfield Capital Announce RD&S’ Strategic Acquisition of Dahms Refrigeration Services

Thu, 09 May 2024 04:35:52 GMT

GREENWICH, CT – Southfield Capital, a premier lower middle market private equity firm, announced today that Kelvin Group (“Kelvin”), a platform dedicated to building a collaborative group of the largest independent industrial and commercial mission-critical mechanical services companies in the U.S., has completed the acquisition of Dahms Refrigeration Services (“DRS”), a regional industrial and commercial refrigeration services provider headquartered in Norristown, PA. The acquisition of DRS will be integrated into Kelvin’s RD&S business unit and represents Kelvin’s eleventh acquisition since partnering with Southfield.

DRS is a refrigeration services provider focused on providing plant service and ongoing maintenance to engine rooms and plant equipment across various sectors, including cold storage warehouses, milk & cheese processing, meat packing, food preparation, dairy product production, poultry services and frozen food production. In addition, DRS offers custom refrigeration and HVAC systems for manufacturing and production facilities.

“With the acquisition of Dahms, we’re enhancing our service offerings in the Mid-Atlantic market and reinforcing our position as a leader in the industry,” said Harry Gray, CEO of Kelvin Group. “The addition of their skilled employees brings valuable knowledge to the RD&S team, positioning us for even greater success in meeting the evolving needs of our customers.”

“This partnership not only marks a new chapter for our team but also opens up exciting opportunities for growth and innovation,” said Dan Dahms, former owner of DRS. “By leveraging our years of experience alongside the resources and expertise of RD&S and Kelvin Group, we will now provide even greater value to our clients. I am incredibly excited about the promising future ahead as we embark on this journey together.”

Southfield Principal, Chris Grambling, commented on the transaction, "We are excited to join forces with the DRS team. DRS represents RD&S’s first acquisition under Kelvin Group and expands our service capabilities, significantly enhancing the value we can provide for our customers in the Mid-Atlantic.”

Deerpath Capital Management and Crescent Capital Group provided debt financing. G2 Capital Advisors served as the buy-side advisor to Kelvin. Finn, Dixon & Herling provided legal counsel to Kelvin and Southfield Capital.

About Kelvin Group
Kelvin Group is a leader in the field of industrial and commercial mission-critical mechanical services, process safety management and environmental compliance. Its turnkey solutions provide design/installation and ongoing service and preventative maintenance of world-class mechanical systems for leaders in the food and beverage, cold storage, pharmaceutical, educational, health care, and process industries. Once engaged with customers, it assists business owners achieve mandated health, safety, environmental and regulatory compliance standards.

For more information, please visit www.kelvin.cool.

About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services sector. The firm targets companies with $4 - 15 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.

For more information, please visit www.southfieldcapital.com.

Kelvin Group and Southfield Capital Announce the Strategic Acquisition of RC&E

Tue, 13 Feb 2024 04:37:01 GMT

GREENWICH, CT – Southfield Capital, a premier lower middle market private equity firm, announced today that Kelvin Group, (“Kelvin”), a platform dedicated to building a collaborative group of large independent industrial and commercial mission-critical mechanical services companies in the U.S., has completed the acquisition of RC&E, an industrial refrigeration service provider headquartered in Fort Worth, TX. The acquisition of RC&E represents Kelvin’s tenth acquisition since partnering with Southfield.

RC&E is a full-service provider of industrial refrigeration services, offering maintenance services, engineering, facilities modeling, project management, industrial insulation, parts, and process safety and risk management. The integration of RC&E into Kelvin Group's family of companies, which features reputable brands such as ARC Mechanical, HCG Associates, Refrigeration Design & Service (RD&S), and AES Non-Destructive Testing, further solidifies Kelvin's standing as a national provider of mission-critical mechanical services.

“We are thrilled to welcome RC&E into the Kelvin Group family,” said Harry Gray, CEO of Kelvin Group. “This partnership with a high-valued brand such as RC&E marks a strategic move for us into Texas and the greater Midwest, further expanding our national footprint and reinforcing our commitment to excellence in industrial refrigeration. Together, we’ll bring innovative solutions to a broader clientele, solidifying our position as a great employer and leader in the industry.”

“We are extremely excited to be part of the Kelvin Group family of companies,” said Russell Munday, former owner of RC&E. “RC&E found an ideal partner in Kelvin Group, and we share the values that focus on being a great place to work, innovation, employee development and taking care of customers. Kelvin Group’s national scale and resources will enable RC&E to continue its growth in Texas and beyond.”

Southfield Principal, Chris Grambling, commented on the transaction, "We are delighted to welcome the RC&E team to the Kelvin family. RC&E has built a phenomenal reputation in the greater Texas market and bolsters Kelvin’s geographic coverage, further establishing Kelvin as a go-to national provider of mission-critical mechanical services."

Deerpath Capital Management and Crescent Capital Group provided debt financing. Finn, Dixon & Herling provided legal counsel to Kelvin and Southfield Capital.

About Kelvin Group
Kelvin Group is a leader in the field of industrial and commercial mission-critical mechanical services, process safety management and environmental compliance. Its turnkey solutions provide design/installation and ongoing service and preventative maintenance of world-class mechanical systems for leaders in the food and beverage, cold storage, pharmaceutical, educational, health care, and process industries. Once engaged with customers, it assists business owners achieve mandated health, safety, environmental and regulatory compliance standards.

For more information, please visit www.kelvin.cool .

About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services sector. The firm targets companies with $4 - 15 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.

For more information, please visit www.southfieldcapital.com .

Alba Wheels Up and Southfield Capital Announce the Strategic Acquisition of John A. Steer Co.

Thu, 11 Jan 2024 04:38:00 GMT

GREENWICH, CT - Southfield Capital, a premier lower middle market private equity firm, announced today that Alba Wheels Up (“Alba”), a provider of customs brokerage, freight forwarding, trade compliance and other logistics services, based in Valley Stream, NY, has acquired John A. Steer Co. (“Steer”, or the “Company”), a provider of customs brokerage, logistics and transportation solutions for customers in highly regulated end markets.

Founded in 1905, Steer provides customs brokerage and logistics services for clients worldwide across end markets such as food, beverage and chemicals and other highly regulated, multi-government agency-oriented verticals. Steer is headquartered in Philadelphia, PA and has five additional offices across the United States. The acquisition will broaden the company’s geographic reach, providing existing and new customers with a wider range of resources as well as more comprehensive service offerings and technology solutions.

"This acquisition marks a significant milestone for Alba as we continue to expand our footprint in the customs brokerage and broader logistics sector,” said Damien Stile, CEO of Alba. “We are excited to welcome the talented team from Steer. Our combined expertise and resources will create a powerhouse of global customs brokerage and logistics services. Clients of both Alba and Steer can expect an enhanced and seamless experience.”

Steer's CEO, Daniel Wackerman, echoed Mr. Stile's sentiments, stating, "The cultural fit and synergies are truly remarkable. Joining forces with Alba opens up new and exciting possibilities for Steer and our clients. This strategic move allows us to leverage our respective strengths, accelerate our technology transformation, and enhance the value we deliver to customers.”

Southfield Partner Heb James commented, "We are thrilled to join forces with Dan and the Steer team. The addition of Steer significantly enhances Alba’s geographic and service capabilities. The acquisition aligns perfectly with Alba’s strategy of providing critical customs brokerage and logistics services for trade sensitive end markets.”

Finn Dixon & Herling LLP provided legal counsel to Alba and Southfield Capital. G2 Capital Advisors served as exclusive financial advisor to Alba.

About Alba Wheels Up
Alba is a fully integrated logistics provider offering customs brokerage, logistics, trade intelligence and industry-leading supply chain solutions to middle market and larger companies. Alba is headquartered in Valley Stream, NY with offices in Jersey City, NJ, Houston, TX, Los Angeles, CA and San Francisco, CA.

For more information, please visit www.albawheelsup.com .

About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services sector. The firm targets companies with $4 - 15 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.

For more information, please visit www.southfieldcapital.com .

Kelvin Group and Southfield Capital Announce the Strategic Acquisition of Advanced Examination Services

Thu, 07 Dec 2023 04:39:26 GMT

GREENWICH, CT - Southfield Capital, a premier lower middle market private equity firm, announced today that Alba Wheels Up (“Alba”), a provider of customs brokerage, freight forwarding, trade compliance and other logistics services, based in Valley Stream, NY, has acquired John A. SteGREENWICH, CT – Southfield Capital, a premier lower middle market private equity firm, announced today that Kelvin Group, (“Kelvin”), a platform dedicated to building a collaborative group of the largest independent industrial and commercial mission-critical mechanical services companies in the U.S., has completed the acquisition of Advanced Examination Services (“AES”), a provider of non-destructive testing (“NDT”) services for the petroleum, chemical and agricultural industries. The acquisition of AES represents Kelvin’s ninth acquisition since partnering with Southfield.

Headquartered in Torrance, CA, with regional offices in Lakeville, MN and East St. Louis, IL, AES is a collaboration of experienced personnel with the knowledge and integrity necessary to provide a safe, economic and turnkey service with the newest and most advanced equipment and technology. With ever-changing processes, AES’s team is dedicated to retrieving accurate data for costly decisions.

Harry Gray, CEO of Kelvin Group, commented on the recent addition to the company’s portfolio, "We are excited to welcome the AES team into the Kelvin Group family of brands. Their reputation for delivering innovative technical services is a testament to their unparalleled expertise and unwavering commitment to safety and client satisfaction. This partnership presents an exciting opportunity for us to leverage AES's advanced non-destructive testing solutions, benefiting Kelvin's refrigeration customers, while concurrently fortifying HCG Associates' compliance offerings."

"The integration of AES into Kelvin Group is a testament to our shared values and vision for growth and success,” said Adam Shideler (Owner, AES). “This partnership represents an exciting chapter in our journey, one that amplifies our capabilities and resources. Together, we'll continue our legacy of safety, excellence and quality, forging new paths and fostering collaborative solutions that redefine industry standards."

Southfield Principal, Chris Grambling, commented on the transaction, "AES is highly complementary to Kelvin, providing new services to Kelvin customers while bolstering our compliance division with the latest technologies. We are thrilled to welcome Adam and the AES team to the Kelvin family."

Deerpath Capital Management provided debt financing. Finn, Dixon & Herling provided legal counsel to Kelvin and Southfield Capital. G2 Capital Advisors served as the buy-side advisor to Kelvin.

About Kelvin Group
Kelvin Group is a leader in the field of industrial and commercial mission-critical mechanical services, process safety management and environmental compliance. Its turnkey solutions provide design/installation and ongoing service and preventative maintenance of world-class mechanical systems for leaders in the food and beverage, cold storage, pharmaceutical, educational, health care, and process industries. Once engaged with customers, it assists business owners achieve mandated health, safety, environmental and regulatory compliance standards.

For more information, please visit www.kelvin.cool .

About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services sector. The firm targets companies with $4 - 15 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.

For more information, please visit www.southfieldcapital.com .
er Co. (“Steer”, or the “Company”), a provider of customs brokerage, logistics and transportation solutions for customers in highly regulated end markets.

Milrose Consultants and Southfield Capital Announce Strategic Partnerships with JM Zoning and Project Expeditors Consulting Corp.

Thu, 28 Sep 2023 04:40:46 GMT

GREENWICH, CT – Southfield Capital, a premier lower middle market private equity firm, announced today that Milrose Consultants (“Milrose”), a national leader in building compliance services and solutions, has completed its strategic partnership with JM Zoning, LLC, a well-known municipal permitting and zoning consulting firm based out of New York City, and Project Expediters Consulting Corp. (“PECC”), a well-established permit expediting firm based out of Englishtown, NJ. The two transactions represent Milrose’s eighth and ninth since partnering with Southfield.

JM Zoning, founded in 2006 by Joey Goldzal, provides guidance to the nation’s top property owners, development firms, and industry partners. Known for their consistent client service and professional expertise with a focus on multi-family residential, new building development, and commercial-to-residential conversions, JM Zoning has become a go-to municipal building consulting, permitting, and code and zoning firm in New York City.

PECC, founded in 2002 by Coral Silsbe, is a boutique expediting firm that specializes in helping clients navigate the planning and zoning approval process throughout the country. With over two decades of experience serving as the go-to permit expeditors for commercial and mixed-use developments, PECC offers a wide variety of services including entitlement approvals, code consulting, zoning analysis, due diligence, utility coordination and installation.

The combination of Milrose, JM Zoning and PECC will allow the companies to leverage each other's capabilities to better serve their clients and enhance the portfolio of services they can offer across a national footprint. The new alliance follows a series of investments that Milrose has made to broaden and scale its portfolio of services since partnering with Southfield.

Dominic Maurillo, CEO of Milrose, expressed his enthusiasm about the announcement, stating “We are excited to extend a warm welcome to JM Zoning and PECC, as they become an integral part of Milrose’s team of technical experts. JM Zoning has a phenomenal reputation in the New York real estate industry, and they bring a wealth of knowledge and experience in converting commercial properties into residential developments to the Milrose team and our clients. Additionally, the Milrose and PECC partnership will allow both companies to leverage each other's unique strengths to deliver better, more efficient consulting services to our clients at every stage of the project lifecycle and across all building end markets nationally.”

Southfield Principal, Chris Grambling, commented on the transaction, "We are thrilled to join forces with these two great companies. The addition of JM Zoning further diversifies our end markets and provides Milrose clients with expertise in converting commercial properties into residential developments. PECC adds new expertise and service offerings while broadening our geographic footprint, positioning Milrose to create unparalleled value for its clients.”

Monroe Capital LLC provided debt financing. Wiggin & Dana provided legal counsel to Milrose and Southfield. East Wind Advisors served as the financial advisor to JM Zoning.

About Milrose Consultants

Milrose Consultants is the leading national provider of building code compliance, fulfillment, and consulting solutions spanning a broad spectrum of industry sectors including commercial, retail, industrial, multi-family residential, healthcare, and life sciences. Founded in 1988, Milrose enables clients to outsource the burden associated with navigating the complex building compliance environment through its diverse portfolio of permitting, code and zoning, regulatory filing, due diligence, and other compliance solutions.

For more information, please visit www.milrose.com .

About Southfield Capital

Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services sector. The firm targets companies with $4 - 15 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.

For more information, please visit www.southfieldcapital.com.

Southfield Capital Announces Robert Root as New Partner to Lead Value Creation Initiatives

Thu, 24 Aug 2023 04:42:40 GMT

GREENWICH, CT - Southfield Capital, a premier lower middle market private equity firm, announced today that Robert Root has joined the firm as a Transformation Partner. In his new role, Bob will spearhead the firm’s value creation efforts, driving strategic initiatives to enhance portfolio company performance and growth.

Andy Levison, Managing Partner at Southfield Capital, stated, “We are delighted to welcome Bob to the Southfield team as a Transformation Partner. His experience implementing strategic change and operational innovation will be instrumental as we continue to elevate our portfolio companies to new heights of success."

Bob brings over twenty-five years of international operational and finance experience. Prior to joining Southfield, Bob was the Head of Global Transformation at Trident Seafoods, where he led enterprise-wide projects that encompassed commercial strategy renewal, supply chain optimization, and modernization of core business processes and technology. Previously, Bob
held various senior finance roles at Microsoft, with responsibility across functional groups and products, and oversaw large scale innovation projects. Prior to Microsoft, he spent over a decade at Procter & Gamble in finance leadership positions across a variety of disciplines, brands and countries, and led acquisition integration efforts.

Bob is currently on the board of directors of Protos Security. He holds his CMA certification and earned a Bachelor of Commerce in Finance from the University of Manitoba. “I’m excited to be part of Southfield and its unwavering commitment to transforming businesses. Together, we will continue to drive impactful growth and innovation across the portfolio,” added
Root.

About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services sector. The firm targets companies with $4 - 15 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.

For more information, please visit www.southfieldcapital.com.

Kelvin Group and Southfield Capital Announce ARC Mechanical’s Strategic Acquisition of Cooling & Heating Specialists

Wed, 09 Aug 2023 04:44:00 GMT

GREENWICH, CT – Southfield Capital, a premier lower middle market private equity firm, announced today that Kelvin Group, (“Kelvin”), a platform dedicated to building a collaborative group of the largest independent industrial and commercial mission-critical mechanical services companies in the U.S., has completed the acquisition of Cooling & Heating Specialists, Inc. (“CHS”), a regional commercial air conditioning and heating service provider headquartered in Newton, MA. The acquisition of CHS will be integrated into Kelvin’s ARC Mechanical (“ARC”) business unit and represents Kelvin’s eighth acquisition since partnering with Southfield. ARC is a leading mission critical mechanical services company in New England focused on commercial and industrial clients.

CHS is a full-service heating, ventilation, and air conditioning company with over 30 years of industry experience. Specializing in HVAC installation and service, the company caters to a wide range of clients, from small commercial units to large industrial systems. Well-versed in light and heavy oil systems, including gas-fired boilers and environmentally safe recovery methods, CHS offers expertise in new installations, tenant fit-ups, and retrofitting projects, ensuring successful and customized solutions.

Harry Gray, CEO of ARC’s parent company, Kelvin, commented on the recent addition to the company’s portfolio. "We are proud to witness ARC Mechanical's growth through CHS’s joining the Kelvin Group family of companies, which is a testament to our commitment to partnering with excellent teams and expanding our expertise in the cooling and heating industry."

"I am excited and proud to join the ARC Mechanical team following our recent acquisition,” said Don Green (President, CHS). “Becoming a part of ARC opens up new avenues for growth and allows us to leverage our decades of experience in the HVAC industry to deliver even greater value to our clients. Together, we’re poised to achieve remarkable success and set new standards of excellence in the market."

Southfield Principal, Chris Grambling, commented on the transaction, "We are thrilled to join forces with Don Green's team. The addition of CHS to ARC accelerates the expansion of our commercial HVAC capabilities in New England, significantly enhancing the range of services available to our valued customers."

Deerpath Capital Management provided debt financing. Finn, Dixon & Herling provided legal counsel to Kelvin and Southfield Capital.

About Kelvin Group
Kelvin Group is a leader in the field of industrial and commercial mission-critical mechanical services, process safety management and environmental compliance. Its turnkey solutions provide design/installation and ongoing service and preventative maintenance of world-class mechanical systems for leaders in the food and beverage, cold storage, pharmaceutical, educational, health care, and process industries. Once engaged with customers, it assists business owners achieve mandated health, safety, environmental and regulatory compliance standards.

For more information, please visit www.kelvin.cool.

About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services sector. The firm targets companies with $4 – 12 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.

For more information, please visit www.southfieldcapital.com.

Southfield Capital Announces the Promotion of Brandon Pinderhughes to Partner

Sun, 23 Jul 2023 04:44:54 GMT

GREENWICH, CT - Southfield Capital, a premier lower middle market private equity firm, announced today that the firm has promoted Brandon Pinderhughes to Partner.

Since joining Southfield in July 2014 as a Senior Associate, Brandon has made significant contributions to the firm’s success. In his new role as Partner, Brandon will play a valuable role in accelerating the firm’s growth and further enhancing Southfield’s investment efforts.

Andy Levison, Managing Partner at Southfield Capital, stated, “Brandon’s dedication and contributions have been pivotal to our growth. His promotion to Partner is well-deserved and helps set the stage for an even more successful future for Southfield.”

Brandon is currently on the board of directors of Protos Security, Condominium Associates, Pacific Landscape Management and previously served on the board of Biopharm Communications and Vanguard Dealer Services.

Prior to joining Southfield, Brandon was an Associate at Bayside Capital, HIG Capital’s special situations group, focused on distressed debt, direct lending and special situation buyouts. Prior to joining HIG, Brandon worked in the Investment Banking division of Morgan Stanley. Brandon obtained his Bachelor’s degree from Morehouse College, graduating summa cum laude. Prior to completing his undergraduate degree, Brandon was a free agent with the Philadelphia Eagles, Minnesota Vikings, and overseas in Germany through NFL Europe.

Reflecting on his promotion, Brandon stated, “I’m thrilled to step into this new role as Partner and excited to carry forward our commitment to growth, continuous improvement, and driving value for our investors and portfolio companies.”

About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services sector. The firm targets companies with $4 - 15 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.

For more information, please visit www.southfieldcapital.com.

Alba Wheels Up and Southfield Capital Announce the Strategic Acquisition of V.T. Mancusi, Inc.

Thu, 20 Jul 2023 04:45:53 GMT

GREENWICH, CT - Southfield Capital, a premier lower middle market private equity firm, announced today that Alba Wheels Up (“Alba”), a provider of customs brokerage, freight forwarding, trade compliance and other logistics services, based in Valley Stream, NY, has acquired V.T. Mancusi, Inc. (“V.T. Mancusi”, or the “Company”), a provider of customs brokerage and trade compliance services primarily for the flavors and fragrances and related end markets.

"We are thrilled to welcome V.T. Mancusi into the Alba family," said Alba CEO Damien Stile. "The strength of V.T. Mancusi lies in its history of consistent excellence and commitment to customer service. This acquisition amplifies our service portfolio, allowing us to deliver a broader range of solutions and further solidify our foothold as a top-tier provider of global logistics services."

Headquartered in Lawrence, NY, V.T. Mancusi provides customs brokerage with expertise in the flavors and fragrances end markets as well as expertise in foreign trade zone (“FTZ”) processing. The partnership will bolster Alba's customs brokerage and trade compliance capabilities. The V.T. Mancusi team will be joining the Alba team at Alba’s headquarters in Valley Stream, NY.

Tom Mancusi, President of V.T. Mancusi shared, “Joining the team at Alba, a company renowned for its dedication to customer service, is an exciting milestone for the entire V.T. Mancusi team. We believe that this partnership will create a synergy that benefits both our companies, and we look forward to working collectively to continue delivering unmatched service to our customers."

Southfield Partner Heb James commented, "We are excited to welcome the V.T. Mancusi team to Alba and believe it will be a strategically valuable partnership. The expansion of expertise in flavors, fragrances and FTZs combined with the resources and capabilities at Alba will help enable continued growth.”

Finn Dixon & Herling LLP provided legal counsel to Alba and Southfield Capital.

About Alba Wheels Up
Alba is a fully integrated logistics provider offering customs brokerage, logistics, trade intelligence and industry-leading supply chain solutions to middle market and larger companies. Alba is headquartered in Valley Stream, NY with branch offices in Jersey City, NJ, Houston, TX, Los Angeles, CA and San Francisco, CA.

For more information, please visit www.albawheelsup.com.

About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services sector. The firm targets companies with $4 - 15 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.

For more information, please visit www.southfieldcapital.com.

Franchise FastLane and Southfield Capital Announce the Strategic Acquisition of Raintree Franchise Growth

Wed, 12 Jul 2023 04:46:54 GMT

GREENWICH, CT - Southfield Capital, a premier lower middle market private equity firm, announced today that Franchise FastLane (“FastLane”), a leading franchise sales organization for emerging franchisors has acquired Raintree Franchise Growth (“Raintree” or the “Company”), a firm specializing in full-service brand development and marketing services for franchisors. Raintree’s owners will remain actively involved in the business post-close and Brent Dowling will serve as Chief Marketing Officer for the combined entity.

“In the effort to apply a comprehensive approach to the lifecycle of emerging franchise brands, this acquisition is an opportunity to help even more franchisors grow,” said Carey Gille, CEO of Franchise FastLane. “We’ve always had deep respect for the Raintree team. Now that we’re aligned, we will be in a position to deliver even more for both our brand and consultant partners through an unmatched messaging, marketing, and branding experience. In combining the strength and expertise found in each of our organizations, we’re looking to provide innovative new services for franchise development and other franchisor-related services.”

Both Franchise FastLane and Raintree rely on lead generation provided by multiple franchise brokerages and consultancies. Franchise FastLane and Raintree intend to enhance and strengthen these valuable relationships by continuing to provide best-in-class branding, messaging and collateral, as well as innovative new technology and marketing solutions.

“With this partnership, two of the biggest names in franchise development have partnered together to bring further value to the franchise industry,” said Brent Dowling, CEO of Raintree. “This is a big move, for not just us and our franchisor partners, but for future and current franchisees leveraging franchising as a pathway to wealth creation and community building.”

Southfield Vice President Josh Sylvan commented, "We are excited to welcome the Raintree team to FastLane and believe it will be a great combination of franchise service expertise. FastLane and Raintree have unique and complementary strengths that will create a powerful platform to grow emerging franchisors and their franchisee communities."

Troutman Pepper Hamilton Sanders LLP provided legal counsel to FastLane and Southfield Capital.

About Franchise FastLane
Franchise FastLane provides outsourced franchise development services to emerging franchisors. It manages the entire franchisee sales lifecycle from initial lead generation to prospect qualification through to deal closure. FastLane works with franchisors to perfect their discovery process, bring qualified franchisee leads and drive explosive growth. FastLane leverages a rigorous diligence and onboarding process, industry-leading technology platform, and exceptional sales executives to drive successful franchise development for its franchisor clients. FastLane is based in Omaha, NE.

For more information, please visit www.franchisefastlane.com.

About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services sector. The firm targets companies with $4 - 15 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.

For more information, please visit www.southfieldcapital.com.

Milrose Consultants Rings the Opening Bell at the New York Stock Exchange

Mon, 23 Jan 2023 04:47:48 GMT

On January 10th, the New York Stock Exchange (“NYSE”) welcomed our portfolio company Milrose Consultants (“Milrose”), along with the NYC Department of Buildings and John Gallin & Son, Inc., to ring the opening bell. The momentous occasion to ring the opening bell was to celebrate the completion of The NYSE Podium Accessibility Project.

Milrose has been the trusted code advisor and filing representative to the New York Stock Exchange for the past 20 years. More recently, the NYSE asked Milrose to help find an accessibility solution to their podium, the location where the opening and closing bell is rung to signal the daily global trading session. The podium is the balcony that overlooks the trading floor, yet it was not accessible for disabled individuals. Despite the challenges of changing a historic building built in the early 1900s, Milrose created a compelling code compliant solution that met the spirit of the law under voluntary accessibility applicability. After extensive planning and coordination with the Department of Buildings, Milrose’s solution was accepted through the CCD-1 process.

The Milrose Family of Companies continues to be the tip of the spear in all things compliance and fulfillment through their dedication and expertise, and we are proud of their involvement in making the legendary NYSE now accessible to all.

Here is the video celebrating this important and monumental achievement:
https://www.youtube.com/watch?v=0r9bGaQ5mMg&list=PL8VyXhTFhI7Bw56p7qjCbnHnIGe274wMQ&index=13

Alba Wheels Up and Southfield Capital Announce the Strategic Acquisition of KSI Corp.

Tue, 08 Nov 2022 05:44:55 GMT

GREENWICH, CT - Southfield Capital, a premier lower middle market private equity firm, announced today that Alba Wheels Up (“Alba”), a full-service logistics company based in Valley Stream, New York, has acquired KSI Corp. (“KSI”, or the “Company”), a provider of customs brokerage services on the west coast.

Headquartered in San Francisco, CA, KSI provides customs brokerage services with expertise in the biotech and semiconductor end markets and is one of the largest independent customs brokers in the Bay Area.

"The acquisition of KSI strategically complements our success in a number of other verticals where Alba is a nationally-recognized category leader," said Alba Wheels Up CEO Damien Stile. "For over seventy years, Alba's mission has steadfastly remained that our company's success is built on the success of our customers. Carl Bellante, KSI's CEO, and Dennis Siu, KSI's CFO, share that same philosophy."

Mr. Bellante and Mr. Siu believe that KSI's customers will benefit from Alba's shared values, including client and employee longevity, thought leadership and similarities in their approaches to trade sensitive sectors that require long-term relationships to build the technical and commercial knowledge required for success.

"Dennis and I have known Damien and senior members of the Alba team for more than twenty years. As we evaluated opportunities, Alba presented the best package for our employees and the strongest home for our customers," shared Carl Bellante.

KSI’s headquarters in San Francisco will become Alba's fifth office and the second on the west coast. KSI’s San Francisco, CA office expands Alba’s office footprint: Los Angeles, CA; Houston, TX; Jersey City, NJ; and the corporate headquarters in Valley Stream, NY.

Southfield Partner Heb James commented, "We are excited to welcome the KSI team to the Alba family and believe it will be a great combination of logistics expertise. Alba is an industry leader in several verticals, including apparel, home furnishings and medical devices. The expansion into semiconductors and biotech will be end markets where Alba can leverage their capabilities to grow its market share and provide additional services."

Deerpath Capital Management provided debt financing. Finn Dixon & Herling LLP provided legal counsel to Alba and Southfield Capital.

About Alba Wheels Up

Alba Wheels Up is a fully integrated logistics provider offering customs brokerage, logistics, trade intelligence and industry-leading supply chain solutions to middle market and larger companies. Alba is headquartered in Valley Stream, NY with branch offices in Jersey City, NJ, Houston, TX, Los Angeles, CA and now San Francisco, CA. For more information, please visit www.albawheelsup.com .

About Southfield Capital

Our Team

Andy Levison, Managing Partner

Andy Cook, Partner

Heb James, Partner

Tim Lewis, Partner

Brandon Pinderhughes, Principal

Chris Grambling, Principal

Jason Perlroth, Principal & Head of Business Development

Josh Sylvan, Vice President

Matt King, Senior Associate

Logan Vorwerk, Senior Associate

Mike Weber, Associate

Jon Goldstein, Chief Financial Officer

Southfield Capital

140 Greenwich Avenue

Greenwich, CT 06830

Phone: 203.813.4100

Fax: 203.813.4141

www.southfieldcapital.com

Protos Security Names Mark Hjelle Chief Executive Officer

Wed, 26 Oct 2022 05:48:04 GMT

NORWALK, CT - Protos Security, a leading technology enabled managed security services platform in North America delivering an integrated suite of physical and technology-based security services to commercial customers, announced today that its Board of Directors has appointed Mark Hjelle as Chief Executive Officer and a member of the Board effective immediately.

Protos Security, a portfolio company of Southfield Capital, has continued its strong, double digit organic growth trajectory by leveraging the national managed services platform it has built over several years to deliver security services and provide customers with a unique model that delivers the industry’s best solutions and outcomes. The CEO addition reflects Southfield’s commitment to bringing talent and resources to build upon Protos’ success.

Andy Levison, Managing Partner at Southfield Capital, stated, “Now is the right time for a leader with Mark’s experience to help further accelerate Protos’ growth and to continue to make the right investments in the platform, team and technology to extend Protos’ innovative leadership position in the security space. Mark has a tremendous background in building and scaling national businesses leveraging technology while creating a highly engaged and aligned culture.”

Mr. Hjelle commented, “I am excited to join Protos at this stage of its growth where there is so much opportunity to serve customers across all end markets with a differentiated model that provides unparalleled security program transparency and flexibility. It is also clear to me that Southfield Capital, the management partners who have joined Protos, and the Protos executive team all share an aligned vision of what can be accomplished with an unrelenting focus on meeting the security service needs of customers. The momentum in the business is simply tremendous. It is an honor and a privilege to be joining Protos as CEO and I look forward to working alongside my Protos colleagues to continue the significant growth trajectory and commitment to delivering value to our clients.”

Mr. Hjelle is an experienced Chief Executive Officer and Board Member who has led large, private equity backed national business/facility services firms for nearly 25 years delivering strong top-and-bottom-line growth and building high performing teams with strong culture. Most recently, Mark was CEO for CSC ServiceWorks, a $1.2 billion B2B2C provider of technology-enabled consumer services where he led the development of a proprietary digital platform leveraging IOT, artificial intelligence and machine learning that enabled consumer driven revenue growth and services extensions. Prior to CSC, Mr. Hjelle was President of Brickman/Valleycrest (nka Brightview Holdings (NYSE: BV)), a $2.5 billion national provider of exterior landscape and snow removal services where he led over 20,000 team members across 250 branch offices. Over the course of his 18-year tenure at Brickman, Mr. Hjelle held numerous leadership positions in the areas of operations, finance and business development. Mr. Hjelle earned a Bachelor of Science degree in economics from The Wharton School of Business, University of Pennsylvania and a law degree from the Case Western Reserve School of Law.

About Southfield Capital

Our Team

Andy Levison, Managing Partner

Andy Cook, Partner

Heb James, Partner

Tim Lewis, Partner

Brandon Pinderhughes, Principal

Chris Grambling, Principal

Jason Perlroth, Principal & Head of Business Development

Josh Sylvan, Vice President

Matt King, Senior Associate

Logan Vorwerk, Senior Associate

Mike Weber, Associate

Jon Goldstein, Chief Financial Officer

Southfield Capital

140 Greenwich Avenue

Greenwich, CT 06830

Phone: 203.813.4100

Fax: 203.813.4141

www.southfieldcapital.com

Protos Security Announces the Acquisition of Blue Star Security; Expands Off-Duty Police Offering

Tue, 18 Oct 2022 05:53:41 GMT

Headquartered in Chicago, IL, Blue Star provides armed security consisting of off-duty officers and retired law enforcement officers for numerous Fortune 500 companies and smallto-medium sized businesses. The Company has operations in Illinois, Indiana, and Wisconsin and employs over 850 active and retired police officers. Blue Star Co-Founders Anthony Varchetto and Jeffrey Salvetti will join Protos’ leadership team post-close and its existing management structure will remain in place.

“This strategic acquisition further strengthens our service offering and we look forward to providing our customers with an enhanced suite of security solutions, particularly as it relates to off-duty police officers,” said Anthony Escamilla, Chief Financial Officer at Protos. “Our ability to provide a holistic set of security solutions to meet all customer needs continues to improve and adding Blue Star Security to the Protos family positions us well for continued growth.”

“We are extremely humbled and excited about this opportunity to partner with Protos and Southfield Capital. This acquisition will allow Blue Star to continue to reach new heights and to expand the services that we can offer our clients as well as the resources we provide to our employees,” said Anthony Varchetto, Co-Founder of Blue Star. Jeffrey Salvetti, CoFounder of Blue Star added, “Protos shares the same values of consistency and professionalism, and it was clear that this partnership was destined to be. We believe our service offering will be highly complementary as we drive growth and create value for new and current customers.”

“Blue Star Security marks the third acquisition for Protos this year,” said Brandon Pinderhughes, Principal at Southfield Capital. “It is a testament to Protos’ partnership approach resonating with founders and a continued commitment to supplementing an impressive organic growth trajectory with acquisitions that enhance the value we can provide to our customers.”

Monroe Capital LLC and Wells Fargo Bank provided debt financing. Troutman Pepper Hamilton Sanders LLP provided legal counsel to Protos and Southfield Capital.

About Southfield Capital

Our Team

Andy Levison, Managing Partner

Andy Cook, Partner

Heb James, Partner

Tim Lewis, Partner

Brandon Pinderhughes, Principal

Chris Grambling, Principal

Jason Perlroth, Principal & Head of Business Development

Josh Sylvan, Vice President

Matt King, Senior Associate

Logan Vorwerk, Senior Associate

Mike Weber, Associate

Jon Goldstein, Chief Financial Officer

Southfield Capital

140 Greenwich Avenue

Greenwich, CT 06830

Phone: 203.813.4100

Fax: 203.813.4141

www.southfieldcapital.com

Protos Security Partners with MG Security Services

Wed, 14 Sep 2022 05:56:43 GMT

Headquartered in New York, NY, MG Security provides armed and unarmed security guard services, crisis management, fraud prevention and private investigation primarily for commercial real estate, hospital, property management, education and financial services clients. The Company’s Founder and President, Manny Gomez, will remain in his existing leadership role post-close along with the rest of the senior management team.

“MG Security is a highly reputable security and risk mitigation firm with unmatched experience and credentials. This partnership greatly accelerates the growth of our organization and enhances our service offering in the NYC Metro area," said Anthony Escamilla, CFO at Protos Security. “With an impressive roster of customers across many industries and an emphasis on client relations, the addition of MG Security to the Protos family makes us an attractive security services partner to clients across new verticals.”

Manny Gomez, Founder and President of MG Security added, “We are excited for our new partnership with Protos. The combination of our tenured management team and extensive experience in law enforcement, including NYPD and FBI, will provide enhanced service offerings to clients. Protos shares our vision to create an industry-leading security services firm through a wide range of high-quality solutions. We look forward to this alignment and to better serving our customers.”

“The strategic partnership of MG Security adds significant scale to Protos’ direct guard operations and further diversifies Protos' offering to the marketplace," said Andy Cook, Partner at Southfield Capital. “MG Security further unlocks growth potential in attractive end markets such as healthcare while expanding the geographic footprint of Protos on a national level. We believe this partnership will create significant value for our clients and will further position us as an industry leading provider of security solutions.”

Monroe Capital LLC and Wells Fargo Bank provided debt financing. Troutman Pepper Hamilton Sanders LLP provided legal counsel to Protos and Southfield Capital.

About Southfield Capital

Our Team

Andy Levison, Managing Partner

Andy Cook, Partner

Heb James, Partner

Tim Lewis, Partner

Brandon Pinderhughes, Principal

Chris Grambling, Principal

Jason Perlroth, Principal & Head of Business Development

Josh Sylvan, Vice President

Matt King, Senior Associate

Logan Vorwerk, Senior Associate

Mike Weber, Associate

Jon Goldstein, Chief Financial Officer

Southfield Capital

140 Greenwich Avenue

Greenwich, CT 06830

Phone: 203.813.4100

Fax: 203.813.4141

www.southfieldcapital.com

Protos Security and Southfield Capital Announce a Strategic Partnership with ControlByNet

Tue, 30 Aug 2022 05:59:33 GMT

Headquartered in Norcross, GA, CBN offers remote guarding and software solutions that work across all hardware devices via the cloud or as an onsite managed service. The addition of ControlByNet represents Protos’ continued commitment to provide clients with a suite of services and technology solutions focused on enhancing their physical security programs.

“This strategic acquisition further diversifies our service offering,” said Peter Platten, Chief Revenue Officer at Protos. “As our suite of security solutions expands, it allows us to create a uniquely tailored approach to meet the growing needs of our customers. It’s important that we’re able to satisfy safety requirements while offering cost benefits. This differentiation is how we delight customers with program flexibility and intelligence to support high-quality service.”

Ryan Strange, Founder and President of ControlByNet added, “We are excited to strengthen and grow our service offerings under the Protos Security brand. This alignment will be impactful to the marketplace and is a big step forward for both brands. Protos’ core values mirror those of ControlByNet, which is important to us. The combination of our solutions will yield many benefits for our customers who can continue to expect the high-touch customer service approach they’ve known for years.”

“Over the last 20+ years, CBN has developed an impressive suite of technology offerings capable of servicing the remote guarding/security needs of clients across devices,” said Andy Cook, Partner at Southfield Capital. “We believe that combining CBN with Protos’ industry leading technology platform will enable us to deepen client relationships and provide a broader array of comprehensive security solutions.”

Monroe Capital LLC and Wells Fargo Bank provided debt financing. Troutman Pepper Hamilton Sanders LLP provided legal counsel to Protos and Southfield Capital. Raymond James acted as ControlByNet’s financial advisor. Culhane Meadows PLLC provided legal counsel to ControlByNet.

About Southfield Capital

Our Team

Andy Levison, Managing Partner

Andy Cook, Partner

Heb James, Partner

Tim Lewis, Partner

Brandon Pinderhughes, Principal

Chris Grambling, Principal

Jason Perlroth, Principal & Head of Business Development

Josh Sylvan, Vice President

Matt King, Senior Associate

Logan Vorwerk, Senior Associate

Mike Weber, Associate

Jon Goldstein, Chief Financial Officer

Southfield Capital

140 Greenwich Avenue

Greenwich, CT 06830

Phone: 203.813.4100

Fax: 203.813.4141

www.southfieldcapital.com

Tim Lewis, Partner at Southfield participates in Opus Connect webinar

Thu, 09 Apr 2020 01:52:05 GMT

Tough Questions PE Firms Need to Be Answering Right Now

Join Tim Lewis, Partner at Southfield Capital - Tough Questions PE Firms Need to Be Answering Right Now

Click this link to register: https://members.opusconnect.com/events/webinar_tough_questions_answered_2020_04_09

Ntiva and Southfield Capital Announce the Strategic Acquisition of Equilibrium IT Solutions

Thu, 30 Jan 2020 01:42:46 GMT

GREENWICH, CT – Southfield Capital, a premier lower middle market private equity firm, announced today that Ntiva, Inc., (“Ntiva” or the “Company”) a leading provider of managed IT, cloud hosting, cyber security, unified communications and strategic IT consulting services, has completed the acquisition of Equilibrium IT Solutions, Inc. (“Equilibrium”), a managed IT services provider based in Chicago, Illinois.

Founded in 2004, Equilibrium provides businesses across the United States with managed IT services and a range of IT professional services including: highly specialized infrastructure requirements, security, cloud solutions, disaster recovery, business planning, strategic advisory and merger & acquisition IT consulting.

This transaction represents Ntiva’s third acquisition in the Chicagoland area and seventh acquisition in the U.S., reinforcing the Company’s continued growth in the MSP market. Equilibrium’s experienced team strengthens Ntiva’s mid-market and enterprise focused practices across the U.S.

“We’re pleased to welcome the Equilibrium team to the Ntiva family,” said Steven Freidkin, CEO of Ntiva. “Equilibrium brings a wealth of technical talent to the table and is a solid fit with our growth strategy, enhancing Ntiva’s capabilities in the mid-market and enterprise markets. With experience in assessing complex IT environments, designing technology solutions, project planning, budgeting, implementing, documenting and supporting infrastructure, this addition will further strengthen our ability to help Ntiva’s current and future clients in the mid-market to achieve their technology goals.”

“From inception, we’ve been obsessed with providing our clients end-to-end integrated business solutions from early concept stages to implementation and beyond,” said Glen Hampton, who will be staying on with the company and leading the growth of the enterprise focused practice. “Our unique approach includes tailored co-managed IT service solutions to supplement the internal IT staff, as appropriate, that can help organizations reach business objectives at a faster rate, by filling in gaps and offering specialized knowledge. Together with Ntiva, we can now offer an affordable and compelling suite of enhanced services for businesses (including 24x7 help desk, SOC, SIEM and incident response) who see partnering with a national technology consultant as strategic to their growth in a competitive global marketplace.”

Southfield Capital acquired Ntiva in 2016 in partnership with Ntiva’s founder, Steven Freidkin. The Equilibrium acquisition will increase Ntiva’s client base to over 1,250 organizations located across the U.S. Southfield Partner, Heb James, commented on the transaction, “We believe that combining Equilibrium with Ntiva will enable us to deepen client relationships and provide a higher level of service. The transaction will further enhance Ntiva’s presence in the Midwest and broaden our industry leading managed IT service offering.”

Crestline Investors provided debt financing. Finn, Dixon & Herling provided legal counsel to Ntiva and Southfield Capital.

About Ntiva

Ntiva is a leading IT services company that provides businesses across the U.S. with advanced technology expertise and support, including managed IT services, strategic IT consulting, cloud services, cyber-security and telecom solutions. Their team of world-class talent genuinely cares about the relationships they build and understands that response and precision are fundamental keys to a successful partnership. Ntiva’s ultimate objective is to help clients leverage their technology investments to improve business performance. For more information, please visit www.ntiva.com

About Southfield Capital

Ntiva and Southfield Capital Announce the Strategic Acquisition of 3Points

Wed, 02 Oct 2019 01:56:42 GMT

GREENWICH, CT – Southfield Capital, a premier lower middle market private equity firm, announced today that Ntiva, Inc., (“Ntiva”) a leading provider of managed IT, cloud hosting, cyber security, unified communications, and strategic consulting services, completed the acquisition of 3Points, a Managed IT Services Provider based in Chicago, Illinois.

This acquisition, the fifth for Ntiva and their second in the Chicago market, marks the company’s continued buildout of a fast-growing MSP that is focused on serving the commercial and nonprofit market. To meet the challenges that today’s businesses face in leveraging their IT investments, Ntiva is expanding to have the scale and resources to deliver advanced IT services that will equal those of larger enterprises.

“We’re excited to announce our continued growth in the Midwest and are pleased to welcome the 3Points team to Ntiva,” said Steven Freidkin, CEO of Ntiva. “With over 17 years in business, 3Points shares our culture of commitment of delivering exceptional service. We’re also both aligned on the belief that technology can be an accelerator, not only from a competitive point of view but as a vehicle to grow people. As our clients’ businesses grow and succeed, so do we in support of their success.”

“Since our launch in 2002, 3Points has always been committed to improving our clients’ businesses through innovative IT solutions. Ntiva presented an opportunity to take our company and our clients to the next level,” said Kevin Doyle, President of 3Points. “I’ve been approached many times over the years with M&A opportunities, but the one thing that was always a top priority to me was joining a team that shared the same critical core values. I’m thrilled about our new partnership with Ntiva and look forward to working with a like-minded team who puts the client and its employees first.”

Southfield Capital acquired Ntiva in 2016 in partnership with Ntiva’s founder, Steven Freidkin. The 3Points acquisition will increase Ntiva’s client base to over 1,000 organizations located across the U.S. Southfield Partner, Heb James, commented on the transaction, “3Points represents another great partnership for Ntiva, bolstering our presence in the Chicago metro area, strengthening our service offering to customers, and adding strong leadership and technical talent.”

Crestline Investors provided debt financing. Finn, Dixon & Herling provided legal counsel to Ntiva and Southfield Capital.

GREENWICH, CT – Southfield Capital, a premier lower middle-market private equity firm, announced today that it has completed the sale of Tier One Relocation (“Tier One”). Tier One is a leading certified provider of door-to-door household moving services for the U.S. military. Terms of the private transaction were not disclosed.

Southfield Capital acquired Tier One in 2016 in partnership with the company’s management team. Tier One experienced tremendous growth during Southfield’s ownership. The company’s exceptional performance was due to the expansion of its service offering, strategic acquisitions and the augmentation of the leadership team. The sale represents a very successful exit for Southfield’s investors and the management shareholders.

“Although we look forward to our new partnership, I’d be disingenuous if I didn’t acknowledge a bit of sadness about leaving Southfield: they’ve been supportive, helpful, resourceful and there when we needed them and not when we didn’t - everything a CEO wants out of a partner.” said Brian Gallagher, CEO of Tier One.

Andy Cook, a Partner with Southfield Capital, commented on the sale, “It was truly an honor to work with the Tier One team. We took great steps to grow and professionalize the business while never losing track of the core mission of providing essential relocation services to U.S. military service members and their families.”

Robert W. Baird, McGladrey and Finn Dixon & Herling advised Southfield on the transaction.

Wed, 17 Oct 2018 02:14:33 GMT

Southfield Partner Tim Lewis participated in a panel discussion at PEI’s Annual Operating Partner conference. The panel discussion centered on how operating partners work with management teams to create value and optimize returns.

About Southfield Capital

Contact

Heb James, Partner

Southfield Capital

(203) 813-4113

hjames@southfieldcapital.com

Southfield Capital Partners with Match Marketing Group

Wed, 18 Jul 2018 02:16:04 GMT

GREENWICH, CT - Southfield Capital, a premier lower middle market private equity firm, announced today its partnership with Match Marketing Group (“Match” or the “Company”), a leading North American omnichannel marketing services firm. Match’s highly talented management team, led by Michael Dill, President & CEO, will remain in their roles post-close.

Match provides a suite of end-to-end marketing services focused on driving consumer demand and sales conversion. The Company’s offerings include strategy, insights and data analytics, social and digital media, shopper marketing, experiential marketing, merchandising and retail solutions. Match’s client roster includes a number of Fortune 500 Companies, spanning consumer packaged goods, automotive, service businesses, technology, electronics and retailers. The Company serves category leaders including Diageo, MARS Canada, Progressive, Ford Motor Company and adidas. Match supports its blue-chip client base from its eight offices throughout the US and Canada with headquarters in Norwalk, CT and Toronto, ON.

Match’s President & CEO, Michael Dill, stated, “This is an exciting new chapter for Match and our team. Southfield Capital will provide the strategic partnership needed to deliver sustained growth for our business and more importantly for our client’s businesses. Southfield was an attractive partner due to their focus on service-based businesses as well as the acumen and involvement of their team.”

“Match has done a fantastic job of building a client base of some of the largest and most innovative marketers through its ability to combine data-driven insights with award-winning creative and flawless execution,” said Heb James, Partner at Southfield Capital. “Equally as impressive is Match’s proprietary data analytics platform, DDX, which continues to garner attention from industry thought-leaders and sets the Company apart from the competition with respect to consumer targeting and real-time campaign analytics. Southfield looks forward to a very successful partnership with Michael Dill and the rest of the Match team.”

Petsky Prunier was Match’s exclusive financial advisor. BMO Sponsor Finance and BBVA Sponsor Coverage provided debt financing. Finn Dixon & Herling provided legal counsel to Southfield Capital.

About Southfield Capital

Our Team

Southfield Capital

53 Greenwich Avenue, 2nd Floor
Greenwich, CT 06830
Phone: 203.813.4100
Fax: 203.813.4141
www.southfieldcapital.com

Southfield Capital Hires Chris Grambling as Vice President

Thu, 21 Jun 2018 20:07:53 GMT

GREENWICH, CT - Southfield Capital, a premier lower middle market private equity firm, announced today that Chris Grambling has joined as a Vice President. Chris will be responsible for assessment of new investment opportunities, execution of day-to-day investment processes and monitoring of the firm’s portfolio companies. The addition of Chris illustrates Southfield’s commitment to strengthening its investment team.

Andy Cook, Partner with Southfield Capital, commented, “We are all very excited for Chris to join us and look forward to him contributing towards our continued success. Chris is a wonderful addition to our investment team, as he brings a unique perspective and team player attitude which will be complementary to our firm’s culture.”

Prior to joining Southfield, Chris was a Senior Associate at A&M Capital Opportunities, a $500 million private equity fund focused on growth-oriented investments. While at A&M Capital, Chris provided origination, structuring, execution, and operational support on a number of transactions across several industries. Prior to joining A&M Capital, Chris was a Senior Associate at RFE Investment Partners, a $250 million middle-market private equity fund focused on growing companies in the niche manufacturing, business services and healthcare services industries. Previously, Chris was an Associate of TAP Advisors, a boutique investment banking and advisory firm. Chris began his career as an Analyst in the M&A group at Deutsche Bank Securities.

Chris received a Bachelor of Engineering degree in Mechanical Engineering with a minor in Financial Economics from Vanderbilt University. He resides in Darien, CT with his wife, two sons and two dogs.

About Southfield Capital

Contact

Andy Cook, Partner

Southfield Capital

(203) 813-4100

acook@southfieldcapital.com

Tier One Relocation Continues Strong Growth Trajectory

Wed, 28 Feb 2018 20:03:11 GMT

GREENWICH, CT - Southfield Capital, a growth-oriented lower middle market private equity firm, announced today that it has partnered with Twin Brook Capital Partners ("Twin Brook") to complete a dividend recapitalization of its portfolio company, Tier One Relocation ("Tier One" or "the Company"). Headquartered in Weirton, WV, Tier One is a leading tech-enabled platform for military mobility management.

The recapitalization ensures that the Company is appropriately capitalized to execute on its growth plans. The Company will also be distributing a dividend to shareholders.

Andy Cook, Partner at Southfield Capital, commented "Tier One has experienced tremendous growth over the last couple of years. The Company has grown from approximately $30 million of revenue at the time of our investment to nearly $200 million today. The management team has executed on our initial growth strategy and we are excited to partner with Twin Brook for the next stage.”

"The primary driver of our growth has been our focus on the customer experience,” said Brian Gallagher, CEO of Tier One. "We have continually invested in our systems, processes and people to ensure that the move process is as stress-free as possible for military service members."

Finn Dixon & Herling provided legal counsel to Southfield Capital.

About Southfield Capital

Our Team

Southfield Capital

53 Greenwich Avenue, 2nd Floor
Greenwich, CT 06830
Phone: 203.813.4100
Fax: 203.813.4141
www.southfieldcapital.com

Southfield Capital Acquires Tier One Relocation

Thu, 22 Feb 2018 19:53:18 GMT

GREENWICH, CT - Southfield Capital, a leading lower middle market private equity firm, is pleased to announce the acquisition of Tier One Relocation, a logistics manager that specializes in household goods moves for military personnel.

Headquartered in Weirton, West Virginia, Tier One Relocation is an outsourced service provider to transportation companies and provides a range of mission-critical services, including order procurement, relocation management, customer service and back-office administration. The Company’s core value proposition is its ability to maximize customer revenue, capacity utilization and provide complete outsourcing of the rigorous Department of Defense administrative process. The Company’s value proposition is enabled by an extensive and specialized network of service providers and business processes and IT systems that were designed specifically for the military’s unique relocation requirements. The Company is led by CEO, Brian Gallagher, who has 25+ years of transportation industry experience and was previously CEO of HomeDirectUSA.

“Everyone at Tier One is excited with the opportunity to partner with Southfield Capital,” said Brian Gallagher, CEO of Tier One. “Tier One has had amazing success in providing quality service to military members, and we know that with Southfield’s support, we are just scratching the surface of our true potential. Tier One’s owners and I did significant due diligence in choosing the right investment partner as we know Tier One, with the proper support and access to capital, has the opportunity to be the leader in this space. After much deliberation, the clear choice was Southfield as they met each of our criteria: creative, aggressive, open-minded and with a history of successful investments in logistics. The prior majority owners of Tier One will not only be involved to ensure its continued success, each of them retained ownership going forward because of their confidence in the future of Tier One. We look forward to an outstanding future partnering with Southfield.”

Southfield Partner, Andy Cook, commented, “We have followed the military relocation industry for a number of years and are excited to partner with a terrific management team, leading a high growth platform. The military relocation industry is mission-critical to the Department of Defense and has proven resilient through economic cycles, political and military leadership changes, as well as fluctuation in overseas military activity levels. Tier One has carved out a strong market position through quality service to military members; we believe the Company has considerable potential to raise the bar of service currently being provided in the industry. We look forward to partnering with them and leveraging our extensive transportation and military experience to execute on the Company’s growth plans.”

The Private Bank provided the senior debt financing. Finn Dixon & Herling provided legal counsel to Southfield Capital. Raymond James acted as financial advisor to Tier One Relocation and its shareholders.

About Southfield Capital

Contact

Andy Cook, Partner

Southfield Capital

(203) 813-4100

acook@southfieldcapital.com

Southfield Capital Partners with APC Integrated Services Group

Tue, 13 Feb 2018 19:44:59 GMT

GREENWICH, CT - Southfield Capital announced an investment in APC Integrated Services Group ("APC" or the "Company"), the pioneer in consumer marketing of vehicle service contracts on behalf of automotive dealers, manufacturers and other partner channels. APC's talented senior management team including Kyle McEvoy, Ken Murer, David Diem and Todd Johansen will be continuing in their current roles.

APC's President, Kyle McEvoy commented, "In taking the next step for our company, we wanted to find a partner that values quality service delivery above all else. We have taken the time to build APC through results for our customers, and we knew we could find that with Southfield. We very much look forward to further building our brand in the industry and to enhance our ability to serve the market with an end-to-end solution."

Southfield Partner Andy Cook commented on the APC partnership, "Kyle, Ken, David and Todd have built an exceptional business around a core of highly skilled employees and a blue-chip customer base. APC has become the leader in vehicle service contract marketing through an attention to detail and dedication to the customer. Southfield looks forward to supporting APC as they expand their service offering to better serve their customers. We could not be more enthusiastic to partner with the APC team as the business goes to the next stage."

East West Bank led the funding syndicate for the transaction. Finn Dixon & Herling provided legal counsel to Southfield.

Southfield also owns Vanguard Dealers Services, Dealership Development, and Centurion Automotive Products, premier agents and administrators of F&I products and services to franchised automobile dealers nationwide.

Tue, 08 Nov 2016 16:18:31 GMT

GREENWICH, CT – Vanguard Dealer Services, a portfolio company of Southfield Capital, announced an investment in Centurion Automotive Products Inc. (“Centurion” or “the Company”), a regional agent of finance and insurance (“F&I”) products and services to automobile dealerships in the Northeast. Senior management invested alongside Vanguard and will continue in their operational roles.

Centurion, located in Syracuse, NY, offers third party vehicle service contracts and consulting services focused on enhancing dealership profitability. The Company also distributes vehicle appearance protection products. Centurion has a long history of delivering industry leading income development and sales training to F&I departments throughout the Northeast.

Mark Fiorini, CEO of Centurion, commented, “The Centurion team is very excited about our new partnership with Vanguard and Southfield. Our team is energized and focused on Vanguard's aggressive growth strategy. We look forward to the future, and anticipate the mutual success of our new team and our long term dealer partners.”

“We are very excited to partner with an organization with such deep roots in the F&I industry. Centurion’s long history in the Northeast is a testament to its customer-centric focus and the value it creates for the dealers it services. Mark Fiorini and his team are excellent additions to the Vanguard platform and we will look to leverage them in our ongoing pursuit to create a best-in-class service offering,” said Jim Polley, CEO of Vanguard.

East West Bank provided the senior debt financing. Finn Dixon & Herling acted as legal advisor to Vanguard.

About Vanguard

Headquartered in Fairfield, NJ, Vanguard Dealers Services is a premier agent and administrator of F&I products and services to automobile dealers nationwide. Vanguard offers a full suite of proprietary and third party auto extended warranty products, F&I consulting and reinsurance services focused on enhancing dealership profitability. Vanguard’s value-added services include, F&I training, compensation plan development, dealer incentive management, compliance review, sales strategy and F&I specialist staffing.

About Southfield Capital

Contact

Andy Cook, Partner

Southfield Capital

(203) 813-4100

acook@southfieldcapital.com

Vanguard Dealer Services and Southfield Capital Announce an Investment in Dealership Development Inc.

Tue, 01 Nov 2016 16:14:05 GMT

GREENWICH, CT – Vanguard Dealers Services, a portfolio company of Southfield Capital, announced an investment in Dealership Development Inc. (“DDI” or “the Company”), a leading regional agent of finance and insurance (“F&I”) products and services to automobile dealerships in the Midwest. Senior management invested alongside Vanguard and will continue in their operational roles.

DDI, located in Barrington, IL, offers a comprehensive suite of third party vehicle service contracts and consulting services focused on enhancing dealership profitability. The Company has a long history of delivering best-in-class income development, sales training, compliance, product design, and recruiting to F&I departments throughout the Midwest.

“We are very excited about our new partnership with DDI. We have a tremendous amount of respect for the value that DDI provides to its customers and the brand they created in the Midwest region. Through this transaction we will gain a talented senior management team in Pat Becker and Gene Storm, a complementary service offering, and further our pursuit to become the nation’s preeminent provider of F&I products.” said Jim Polley, CEO of Vanguard.

Pat Becker, CEO of DDI, commented on the partnership “We are excited to join the Vanguard team. Their organization, led by Jim Polley, is an impressive group. By leveraging our collective best practices and investing in additional infrastructure, we can deliver an enhanced service offering. We believe this partnership will create significant value for our customers and position us for further growth.”

East West Bank provided the senior debt financing and Fidus Investment Corporation provided the subordinated debt financing. Finn Dixon & Herling acted as legal advisor to Vanguard.

About Vanguard

About Southfield Capital

Contact

Andy Cook, Partner

Southfield Capital

(203) 813-4100

acook@southfieldcapital.com

Tier One Relocation and Southfield Capital Announce the Acquisition of Arpin Van Lines’ Military Division

Fri, 15 Jul 2016 16:04:05 GMT

Tier One Relocation, a portfolio company of Southfield Capital, is pleased to announce the acquisition of Arpin Van Lines’ military division (“Arpin Military” or “the Company”), a leading relocation manager that specializes in household goods moves for military personnel. Arpin Military’s senior management will continue in their current operating roles.

Headquartered in Warwick, RI, Arpin Military is a prominent supplier to the Department of Defense, managing approximately 14,000 military personnel relocations annually. The Company provides a range of mission-critical services including order procurement, relocation management, customer service and back-office administration. The Company’s core value proposition is providing high quality service to enlisted military personnel at a reasonable cost to the government.

The combined entity will be a leader in the industry. Tier One CEO, Brian Gallagher stated “We couldn’t be more excited with this combination. Arpin Military is a time-honored leader in this space with a reputation for high quality service to military personnel. Through the transaction we will also gain access to the superb agents and drivers of Arpin Van Lines. We are thrilled that Matt Dolan, currently Chief Operating Officer of Arpin Van Lines, has accepted the role as Chief Operating Officer of Tier One. Matt is one of the most experienced and uniquely qualified professionals in the military relocation industry having spent 24 years in the U.S. Navy and retiring as Captain.”

Arpin Group CEO David Arpin said “We are excited to be aligning Arpin Group and Arpin Van Lines with Tier One to support our family of agents and drivers. Tier One has committed to a long-term hauling agreement with Arpin Van Lines, which will insure quality moving services for the Soldiers, Sailors, Airmen and Marines we service and a strong and consistent flow of opportunities for our agents and drivers. One of Arpin’s goals of partnering with Tier One is to help smooth out the peaks and valleys for Arpin’s agents and drivers due to the seasonality of the moving business. With the leadership team of Brian Gallagher and Matt Dolan I am sure there is no better management team for military household goods.”

The PrivateBank acted as the sole lead arranger and administrative agent on the funding of senior credit facilities. Finn Dixon & Herling acted as legal advisor to Tier One Relocation.

About Tier One Relocation

About Southfield Capital

Southfield Capital Sells BioPharm Communications to Omnicom Health Group

Thu, 09 Jun 2016 15:23:12 GMT

GREENWICH, CT - Southfield Capital, a leading lower middle market private equity firm, announced today that it has completed the sale of BioPharm Communications (“BioPharm”) to Omnicom Health Group. BioPharm is a leading communications agency that specializes in proprietary, multichannel marketing programs to physicians and healthcare practitioners for pharmaceutical and biotechnology clients.

Southfield Capital acquired BioPharm in 2012 in partnership with the company’s two founders, Jeff Persinger and Daniel Egeland. During Southfield’s ownership, BioPharm experienced tremendous growth. The company’s exceptional performance is primarily attributed to the broadening of its product suite, the expansion and institutionalization of the sales organization and the augmentation of the leadership team. The sale represents a very successful exit for Southfield’s investors and the management shareholders.

“Southfield was a fantastic partner, not only from a financial perspective but also from a strategic standpoint, and the Southfield team made significant contributions to our growth over the past four years," said Jeff Persinger, President and CEO of BioPharm.”

Heb James, a Partner with Southfield Capital, commented on the sale, “This outstanding exit is clear validation of the incredible value the talented team at BioPharm has created over the last few years. It’s been such a pleasure working with the folks at BioPharm. They should be very proud of their accomplishments, and I wish them the best of luck with Omnicom.”

The acquirer, Omnicom Health Group, is the largest healthcare marketing and communications group in the world.

Petsky Prunier acted as the financial advisor to BioPharm. Finn Dixon & Herling acted as legal advisor to BioPharm.

About BioPharm

Founded in New Hope, PA in 2005, BioPharm Communications ( www.biopharmcommunications.com ) helps brand teams at pharmaceutical and biotech companies execute customized marketing campaigns through a comprehensive portfolio of proprietary program offerings. As part of a customized 360º strategy, BioPharm educates healthcare professionals through the Peer-to-Peer360º suite, differentiates and builds brand awareness through the brand360° campaign approach, and tracks engagement instantly via the Insights360° CRM platform.

About Southfield Capital

Contact

Heb James, Partner

Southfield Capital

(203) 813-4113

hjames@southfieldcapital.com