Safeguard Properties has announced the formation of Safeguard Capital Group, a middle-market private equity fund focused on diversifying and expanding Safeguard Properties’ business model into complimentary markets.
With equity capital in excess of $100 million, Safeguard Capital Group leverages the operational strength and expertise of Safeguard Properties, the largest mortgage field services company in the United States with over $1.3 billion of annual revenue.
Safeguard Capital Group will be actively investing across a variety of business services industries, with particular focus on real estate services; healthcare; consumer/retail; financial; industrial; and energy/environmental markets generating between $20 and $500 million in revenue.
Safeguard Capital is headed by Jonathan Ives, Managing Director; Sean Dorsey, Managing Director; and Tod Burkert, VP of Business Development. The company is headquartered in Cleveland (www.safeguardcap.com).
Some of the characteristics that Safeguard Capital is looking for in target companies include: strong operating history; quality leadership team; niche focus or competitive advantage; located in North America; closely held businesses in transition or in need of liquidity; corporate divestitures; private equity backed companies’ and; possible turnarounds.
“We’re looking to partner with companies that have a compelling operating strategy and where we can invest for the long-term,” said Alan Jaffa, CEO of Safeguard Properties and Safeguard Capital Group Advisory Board Member. “Our focus is on business services companies in varying degrees of transition that can benefit from the vast resources of Safeguard Properties,” added Mr. Jaffa.
2014 PEPD • Private Equity’s Leading News Magazine • 5-29-14
