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
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services and specialty finance sectors. 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, Vice President
Chris Grambling, Vice President
Josh Sylvan, 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
