Source Capital, through its Source Capital Credit Opportunities Fund III, is pleased to announce its investment in Eastern DataComm (‘EDI”), a provider of integrated communication and security systems with a key focus on the K-12 education sector. Source Capital supported the acquisition of EDI by private equity sponsor Baymark Partners, providing debt financing and an equity co-investment to finance the transaction.
Based in Hackensack, NJ, EDI serves as a strategic communications and technology partner for companies across multiple sectors. EDI’s signature offering is its patented Lockdown & Emergency Notification System (“LENS”), which integrates multiple communications technologies to provide an automated lockdown and emergency notification solution for schools.
“EDI provides a diverse product offering to its respective markets while gaining market share with their LENS product to provide enhanced safety and security for students and staff in the K-12 space. We look forward to supporting Baymark and EDI as they continue to grow the business,” said Joe Rodgers, Managing Director at Source Capital.
To learn more about EDI, please visit www.easterndatacomm.com.
About Baymark Partners
Baymark Partners is a Dallas-based growth oriented private equity firm acquiring growing middle market service, distribution, manufacturing, and tech enabled companies to provide owners with liquidity and companies with resources to accelerate their growth. The professionals at Baymark Partners possess over 95 years of successful experience in acquiring, investing, and operating growth companies. To learn more about Baymark, please visit www.baymarkpartners.com.
About Source Capital, LLC
Source Capital is a private investment firm focused on providing flexible equity and debt capital to lower middle-market companies across a range of industries. Source Capital’s investment strategy targets growing companies with greater than $2 million in EBITDA seeking a growth-oriented partner. Since its founding in 2002, Source Capital has made 23 equity platform investments, 39 add-on acquisitions and 29 debt investments through three separate credit funds. To learn more about Source Capital or to discuss a new equity or debt investment opportunity, please reach out to a member of our investment team.