Two-Twenty Records Management
“CapX successfully drilled down to the drivers of our business, assessed the risks and provided us with a creative growth capital solution that allows us to continue to scale the business and create value.”
Christopher A Marquart, CFO, Two-Twenty Records Management
Two-Twenty Records Management (2-20) is a leading provider of records and information management services throughout the United States. The Company provides a new and innovative approach to records storage, data protection, document shredding and information management services built on compliance-driven, cutting edge technology, delivered through local companies dedicated to their individual, local markets.
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.
The CapX Solution
CapX recognized that 2-20’s differentiated service offering, and compelling customer relationships provided the Company with high growth potential. CapX put together a customized financing structure that enabled 2-20 to refinance its current debt facility, as well provided the availability to draw-down incremental capital for customer acquisition opportunities. CapX is excited to support 2-20 as they expand existing relationships as well as add new ones.
“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.” -Eric Starr, Partner, CapX Partners