Chicago, IL — Cold Bore Capital Management, LLC (“Cold Bore”) has announced the successful closing of acquisition financing for Regiment Security Partners (“RSP”). The debt financing was provided by Kayne Anderson Private Credit and Willow Tree Credit Partners. FocalPoint Partners (“FocalPoint”) served as Cold Bore’s exclusive financial advisor on the transaction.
FocalPoint was retained by Cold Bore Capital, a Chicago-based private equity firm founded by former Special Operations veterans, to raise debt capital in support of Cold Bore’s continued roll-up of regional security services companies. This specific financing was used to complete the add-on acquisitions of two well-established and highly-regarded security services firms. RSP is one of the leading manned security services companies in the U.S., offering high quality protection services across a broad range of markets including grocery, retail, construction, and municipality.
Sergio Zepeda, Managing Partner at Cold Bore Capital, commented, “FocalPoint ran a targeted and incredibly efficient process that provided Regiment with multiple options and structures to choose from and seamlessly led us to a successful closing in under 90 days. This financing will provide us with the flexibility we need to continue executing our strategic growth initiatives.”
Holly Smyth, Managing Director at FocalPoint, commented, “The Cold Bore team is an exceptional group of individuals, and we are pleased to have assisted the team in executing its roll-up strategy. Regiment is well positioned to achieve the next phase of its business growth plan. This transaction marks another expeditious financing transaction for FocalPoint’s Capital Markets team and highlights our ability to work with clients to close transactions.”
Thomas Mills, Managing Director at FocalPoint, added, “We are thrilled to assist Cold Bore in this important acquisition and growth capital financing. Our Capital Markets team has excelled in working with Financial Sponsors on transactions of this nature, and the RSP deal marks our sixth deal that we closed inside of 90 days from engagement in 2021.”
About Regiment Security Partners
RSP is a national, full-service security firm that provides unarmed and armed security guards, loss prevention specialists, special event officers, private investigators, and a host of security and risk management services. Under the leadership of one of the most experienced and credentialed management teams in the industry, RSP maintains an unsurpassed industry standard with a focus on customer service, responsiveness, attention to detail, and exceptional training and support for its more than 2,400 security guards.
About Cold Bore Capital
Cold Bore Capital is a Chicago-based private equity firm that creates value by growing and repositioning micro-cap companies in high-growth, recession-resistant industries. Cold Bore partners experienced management teams and elite military veterans with exceptional small business owners to establish enduring companies in the healthcare, consumer services, and business services industries. The Cold Bore team consists of eight investment professionals and sixteen operations professionals with over 60 years of Private Equity and M&A experience and have been involved in over 140 transactions representing aggregate total transaction value of more than $5 billion. For more information, visit www.coldborecapital.com.
About FocalPoint Partners
FocalPoint is an independent investment bank specializing in mergers and acquisitions, private placements (both debt and equity), financial restructurings, and special situation transactions. With offices in Los Angeles, Chicago, New York, and Shanghai, the firm provides financial advisory services to middle market clients and has a dedicated Business Services practice. For more information, please visit https://focalpointllc.com and follow us on LinkedIn and Twitter.