Miami, FL, November 11, 2011 --(PR.com
)-- Securus, located in Dallas, TX, was formed by HIG in September 2004 through the merger of T-Netix and Evercom Systems. The Company is now one of the largest providers of information management solutions and detainee communications, serving more than 2,200 correctional facilities and over 850,000 inmates nationwide. A recognized leader in providing responsive customer service and comprehensive, innovative technical solutions Securus’ focus is the specialized needs of the corrections and law enforcement communities.
Rick Smith, Chief Executive Officer of Securus has stated the company has had “great success turning Securus into the industry’s leading player through our partnership with HIG Capital. The firm has provided significant strategic insight to support our growth, In addition to providing capital for our business, and we believe we are well positioned to continue to win.”
Lewis Schoenwetter, a Managing Director of HIG Capital stated “Securus was an extremely successful investment for HIG. Rick Smith and his team significantly increased EBITDA over the past four years, and the team has driven Securus to the industry’s forefront under his leadership. We look forward to watching the businesses continued success in the future.”
HIG Capital is a leading global private equity investment firm based in Miami. The firm has more than $8.5 billion of capital under management. H.I.G. specializes in providing capital to small and medium sized businesses and has offices in Atlanta, Boston, New York and San Francisco, as well as Hamburg, London and Paris in Europe.