Last month, Peterson Partners, Inc. (PPI) announced the sale of Eyewitness Surveillance (EWS).
Located in the Baltimore metro area, EWS is a leading provider of remote video monitoring solutions to mid-sized-to-large automotive dealerships and metal recycling yards.
Eyewitness 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 throughout 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 EWS.
"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 PPI.
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 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. Using sophisticated analytics, Eyewitness' state-of-the-art cameras capture data used to monitor customer foot traffic and employee behavior, improve customer responsiveness, drive sales and manage assets. 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 eight 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
