PHILADELPHIA & HANOVER, Md.--(BUSINESS WIRE)--Eyewitness Surveillance (Eyewitness), a leading provider of remote video monitoring solutions to mid-sized-to-large automotive dealerships, metal recycling yards and other fixed industrial facilities, today announced that it has secured an investment from private equity firm, LLR Partners.
The capital will be used to support the company’s expansion of its services and applications as well as its continued growth into new geographic and vertical markets.
As improved technology, cloud adoption, and lower hardware and storage costs drive a shift toward managed and remotely monitored security, 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.
“LLR’s dedicated security practice and extensive industry network within security and alarm monitoring made teaming up with them ideal for Eyewitness,” said Rush McCloy, CEO of Eyewitness Surveillance. “We are thrilled to have LLR as our partner to help us bolster our services and continue our momentum into new markets.”
Eyewitness is constantly looking for ways to improve customer satisfaction by delivering peace of mind and helping it clients improve their operations. RT Arnold, President of Eyewitness, noted that teaming up with LLR enables Eyewitness to build out its service offering. “LLR is the right partner for Eyewitness because they share our commitment to the customer experience,” said Arnold.
“Eyewitness clients are able to help prevent theft and drive tremendous operational efficiencies by utilizing video monitoring and remote surveillance,” said Michael Levenberg, Vice President at LLR Partners. “We were impressed with the management team’s ability to provide clients with a uniquely tailored solution that addresses key pain points in their businesses, and are excited to invest in the company’s growth opportunity.”
Capital One provided debt financing in support of this transaction. The Edmonds Group served as financial advisor to Eyewitness for the transaction.
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. Eyewitness has a state-of-the-art command center and its services help clients prevent theft, inventory damage and false claims without the need for onsite guard services. 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 http://www.eyewitnesssurveillance.com. Also follow Eyewitness on Facebook, Twitter, and LinkedIn.
About LLR Partners
LLR Partners is a private equity firm investing in middle market growth companies. LLR invests in a broad range of industries, with an emphasis on software, technology-enabled services and healthcare. Founded in 1999 and with more than $2 billion raised across four funds, LLR is a flexible provider of capital for growth, recapitalizations and buyouts. For more information about LLR, visit llrpartners.com.
