Peterson Partners, Inc. Announces the Sale of Eyewitness Surveillance
SALT LAKE CITY, October 24, 2016 – Last month, Peterson Partners, Inc. (PPI) announced the sale of Eyewitness Surveillance (EWS).
Located in the Baltimore metro area, Eyewitness is a leading provider of remote video monitoring solutions to mid-sized-to-large automotive dealerships and metal recycling yards.
Eyewitness Surveillance has established itself as a provider of cutting-edge solutions that help clients prevent theft, inventory damage and false claims, eliminating the need for onsite guard services. Eyewitness delivers maximum value to its clients by also offering highly differentiated operational tools and advanced analytics to support sales, customer engagement, and employee management. Through its state-of-the-art monitoring command center, Eyewitness’ highly-trained remote surveillance officers observe, analyze and address activities at the client’s facility, keeping assets safe and secure
“Peterson was our lead investor when we originally acquired Eyewitness and they have been a trusted and valuable partner though out the investment. We have developed a fabulous relationship with the Peterson team and have enjoyed the considerable value-add they brought to the transaction.” said Rush McCloy, CEO of Eyewitness Surveillance.
“We are thrilled with the way Rush and RT have grown Eyewitness into an industry leading organization. Their relentless focus on customer service, and best in class solutions has created a truly unique service offering. We remain excited to watch the organization’s success continue under their leadership and with their new capital partner.”, said Matt Day, Partner at Peterson Partners.
Capital One provided debt financing in support of this transaction. Buchanan Ingersoll & Rooney provided legal representation to Eyewitness.
About Eyewitness Surveillance
Since its founding in 2004, Eyewitness Surveillance has established itself as a leader in remote interactive monitoring, providing cutting-edge security and operational solutions for mid-size and large car dealerships, metal recycling yards and a variety of other fixed industrial facilities across the country. The key differentiator for Eyewitness is that its products and services extend beyond pure security into operations. Using sophisticated analytics, Eyewitness’ state-of-the-art cameras can capture data used to monitor customer foot traffic and employee behavior, improve customer responsiveness, drive sales and manage assets. For more information on Eyewitness and its services, please visit www.eyewitnesssurveillance.com.
About Peterson Partners
Peterson Partners is an independent investment management firm based in Salt Lake City, UT. Since its founding in 2003, we have raised 8 growth-oriented private equity funds and have invested in over 130 companies across a variety of asset classes. We seek to be a true value-add partner to the entrepreneurs we back, and we look for entrepreneurs who desire more than just capital from an investment partner. www.petersonpartners.com