BOSTON, March 15, 2012 – BV Investment Partners (“BV”), a leading middle-market private equity firm investing in the information and business services and communications sectors, today announced the recapitalization of DTT, a leading provider of managed surveillance and business intelligence services to the restaurant and hospitality industries. The investment in DTT is made in partnership with the Company’s founder Sam Naficy. BV will have a controlling interest in the Company.
Henry Edmonds, President and Founder of The Edmonds Group, which acted as the exclusive M&A and financial advisor to BV in connection with the transaction, said, “BV is a firm with deep experience and great track record of partnering with entrepreneurial management teams. DTT has an outstanding business model and a track record of exceptional growth. The combination will be a powerful force in taking the company to the next level.”
DTT was founded in 1999 and is headquartered in Los Angeles, CA. Since first launched, DTT has equipped, serviced, and supported more than 27,000 customer locations, including some of the world’s most popular and respected restaurant brands such as McDonald’s, Subway, Dairy Queen, Burger King, Dunkin Brands, and YUM Brands, among others.
Louis V. Bertocci, a Partner at BV, said, “DTT provides a valuable and compelling managed service offering that offers actionable intelligence to a broad and growing customer base. We believe the Company’s growth outlook is very favorable.” Marco J. Ferrari, a Principal at BV, commented, “the combination of DTT’s video and POS integration provide customers unique management tools and information services that improve store operations and profitability. The service represents a compelling ROI proposition.”
Naficy will continue as President and CEO of DTT, and will remain a significant shareholder in the Company. “Our new partnership with BV will help accelerate our growth initiatives in existing and new markets. BV has a long history of successfully partnering with founder-owned companies and we look forward to working with them.”
Commensurate with the closing of the transaction, Louis Bertocci, Marco Ferrari, and Vik Raina have joined DTT’s Board of Directors.
About The Edmonds Group
The Edmonds Group is a specialized investment bank focused on recurring revenue businesses with a particular emphasis on the security alarm industry. The Edmonds Group has closed over 40 transactions representing more than $2 billion in transaction value since its inception in 2004. For more information on The Edmonds Group, please visit http://www.theedmondsgroup.com.
About BV Investment Partners
BV Investment Partners is one of the oldest and most experienced sector-focused private equity firms in North America. Since its founding in 1983, the firm has invested over $2.6 billion in over 75 companies, actively targeting investments in the information and business services and communications industries. For more information, please visit http://www.bvlp.com.
http://www.marketwatch.com/story/bv-investment-partners-announces-recapitalization-of-dtt-in-partnership-with-founder-2012-03-15Tags: BV Investment Partners, DTT, Henry Edmonds, M&A, The Edmonds Group
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