CapX Customizes $7.4 Million Financing Structure for Two-Twenty Records
Two-Twenty Records Management (2-20) is a leading provider of records and information management services throughout the United States. Through their Smart Storage Solutions® platform, 2-20 has a customer-centric approach to records management, providing clients with solutions that are proprietary, technologically advanced, and tailored to be compliance driven, secure, and cost-effective. With this approach, 2-20 has serviced hundreds of customers with turnkey solutions to their document management needs. With 2-20’s expanding customer base, the Company was looking to refinance current indebtedness, as well as seeking growth capital to support new customer opportunities.
“CapX appreciated the recurring-revenue nature of 2-20’s customer relationships and were able to work with management and ownership on a strategic solution to support further customer growth. We valued working with a dedicated investor group, and enjoyed working with the Topspin Partners team to get the transaction closed,” stated Eric Starr, Partner, CapX Partners.