Huntington Capital has made a mezzanine investment in Envision Security, a provider of electronic security services. The investment was made through the firm’s third fund, Huntington Capital Fund III, LP.
Envision Security provides both residential and commercial security systems. The company was founded by Darryl Johnson, the company’s CEO, in 2011 and to date has created over 5,000, high FICO score, primarily residential alarm accounts. Envision Security has offices in Peoria, AZ (headquarters) Tucson, AZ; and Ontario, CA (www.envnow.com).
“We could not be more excited about our new partnership with Huntington Capital. Our goal was to set out and find a financial partner who could see and understand the value and opportunity of our business model and could assist Envision in creating controls internally and provide financial support to reach our company goals,” said Mr. Johnson.
Huntington Capital is a mezzanine capital provider to lower middle market companies throughout California and the Southwestern United States. Huntington is operating three limited partnerships and is currently seeking new investments for its third fund. Huntington invests in businesses generating between $10 million and $75 million in revenues across a range of industries. Investments are typically structured in the form of growth capital, buyout or acquisition financing ranging between $2 million and $7 million. The firm was founded in 2000 and is based in San Diego (www.huntingtoncapital.com).
“We look forward to partnering with the Envision management team and being able to provide the capital to serve as the catalyst for the growth of the company’s recurring revenue,” said Frank Mora, Principal at Huntington Capital. “As the company continues to expand, we are excited about the opportunities ahead.”
Envision Security was represented by ProFinance Associates (www.profinance.com), an investment bank specializing in high gross margin, repetitive income service industries, the electronic security field, and the maritime industry (particularly maritime technology firms). ProFinance was founded in 1985 and is based in San Diego (www.profinance.com).
“We were pleased to help Darryl Johnson and his team prepare to take the company to the next level, and finding the right investor to support the company’s growth plans was very important. We look forward to working with Envision and Huntington as the company grows,” said Vice President William Lynch of ProFinance.
© 2014 PEPD • Private Equity’s Leading News Magazine • 8-26-14
