Exacom, Inc. (“Exacom”) announced that it has partnered with and received a significant investment from Seaport Capital (“Seaport”). This transaction is the successful culmination of an initiative led by Peloton Advisory LLC to identify a partner that would invest alongside the CEO and support the Company’s strategic growth initiatives, including future acquisitions.
Founded in 1986, Exacom (www.exacom.com), is a leading provider of multimedia software recording solutions for public safety, government and DoD mission-critical applications. Exacom’s technology supports the recording of audio, VoIP, data, and text-to-911 into digital formats for data collection, analysis, and management. This new focus will include a simpler approach to managing mission-critical information. Since 2014, Exacom has been 100%-0wned by an Employee Stock Ownership Plan (ESOP). The Company will continue to be led by Al Brisard, its President and CEO, and its existing management team.
Al commented, “Exacom has worked hard to earn and achieve an incredible team, strong partners, the best customers, and a differentiated software solution. We are proud of where we are today, but with the right resources, we can do so much more. With Seaport, we have found a partner that shares our strategic vision and possesses the insight, experience, and resources to help us achieve our growth potential in a rapidly changing industry. As always, we continue on with a focus of delivering the best possible solutions for our mission-critical customers.”
Seaport Capital Partner, Scott McCormack, discussed the investment, saying “We have been impressed with the Exacom team and the growth they have achieved over the last several years. Al Brisard and his team have built a tremendous software solution and we are excited to help accelerate its growth in the public safety and other mission-critical markets.”
Founded in 1997, Seaport Capital is a lower middle market buyout firm that invests in communication infrastructure and services, business and information services and media companies (the “Focus Sectors”). Seaport’s senior investment team has over 100 years of combined experience investing in the Focus Sectors, and the team has worked collectively for over 15 years. Seaport typically invests $10 to $30 million of equity capital in companies generating EBITDA between $3 and $15 million, with the goal of maximizing the return on invested capital. Seaport’s substantial industry expertise and investing experience enable it to develop successful strategies; its relationships and team help achieve them. Nearly all of Seaport’s platform investments have been owned by founders or entrepreneurs seeking a collaborative institutional partner to provide the financial and operational resources to grow their businesses and execute on a successful strategic plan. For additional information, visit www.seaportcapital.com.
Peloton Advisory LLC provides M&A and business advisory services to highly successful, privately owned entrepreneurial companies and their owners. Peloton Advisory has unique experience working with growing ESOPs and achieving the optimal outcome for the company and the ESOP participants.