GREENWICH, CT - Southfield Capital, a premier lower middle market private equity firm, announced today its partnership with Protos Security (“Protos” or the “Company”), a leading North American tech-enabled managed security services provider. The Company’s co-founders, Chris Copenhaver and Patrick Henderson, will remain in their existing leadership roles post-close.
Protos provides security guard and related solutions through its proprietary technology system and vast security vendor network. The Company enables clients to outsource the administrative burden associated with onboarding, managing and tracking thousands of guards working for dozens of vendors across hundreds of locations. Headquartered in Virginia, Protos manages thousands of sites in the U.S., Canada and Puerto Rico on behalf of a blue-chip customer base, including many Fortune 500 companies.
“Upon our first meeting with Southfield, we knew that they were the obvious choice for a strategic equity partner. Their culture of creating a win-win partnership mirrored our own business philosophy and approach when dealing with our clients and vendors. With Southfield’s assistance, we will continue to evolve our services and deliver on our commitment to better serve our clients and vendors. We believe that Southfield’s talent, resources and capital will accelerate investment in our software, facilitate growth into new markets and provide the tools necessary for our continued growth and success. We at Protos Security look forward to this new and exciting chapter in our business,” said co- founders/co-owners Chris Copenhaver and Patrick Henderson.
“We could not be more enthusiastic about partnering with Chris, Patrick and their team. They have built a tremendous business over a short period of time and have plenty of runway left,” said Andy Cook, Partner at Southfield Capital. “With Protos’ impressive client base, industry leading technology platform and entrenched vendor relationships, we believe there is a really exciting road ahead.”
Monroe Capital provided debt financing. Pepper Hamilton 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 - 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.
Our Team:
Andy Levison, Managing Partner
Andy Cook, Partner
Heb James, Partner
Tim Lewis, Partner
Brandon Pinderhughes, Principal
Chris Grambling, Vice President
Josh Sylvan, Associate
Logan Vorwerk, Associate
Jon Goldstein, Chief Financial Officer
Southfield Capital
53 Greenwich Avenue, 2nd Floor
Greenwich, CT 06830
Phone: 203.813.4100
Fax: 203.813.4141
www.southfieldcapital.com
