Edgeview Partners is pleased to announce the sale of Securus Technologies, Inc., the leading provider of secure inmate telecommunications for the corrections industry, to Castle Harlan, Inc., a New York-based private equity firm.  Edgeview Partners served as financial advisor to Securus Technologies and its majority shareholder, Miami-based H.I.G. Capital.

Based in Dallas, TX, Securus Technologies is one of the largest providers of detainee communications and information management solutions, serving approximately 2,200 correctional facilities and more than 850,000 inmates nationwide.  A recognized leader in providing comprehensive, innovative technical solutions, and responsive customer service, Securus focuses on the specialized needs of the corrections and law enforcement communities.

Details of the transaction, which closed on May 31, 2011, were not disclosed.   

H.I.G. Capital (www.higcapital.com) is a leading global private equity investment firm with more than $8.5 billion of equity capital under management.  Based in Miami, and with offices in Atlanta, Boston, New York, and San Francisco in the U.S., as well as affiliate offices in London, Hamburg and Paris in Europe, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential.  H.I.G. invests in management-led buyouts and recapitalizations of profitable and well-managed service or manufacturing businesses.  H.I.G. also has extensive experience with financial restructurings and operational turnarounds.  Since its founding in 1993, H.I.G. has invested in and managed more than 200 companies worldwide.

Castle Harlan (www.castleharlan.com), founded in 1987, invests in controlling interests in the buyout and development of middle-market companies in North America and Europe.  Its team of 19 investment professionals has completed 53 acquisitions since its inception with a total value in excess of $10 billion.  Castle Harlan currently manages investment funds with equity commitments of approximately $3.5 billion.  The firm traces its roots to the start of the institutionalized private-equity business in the late 1960s.

Edgeview Partners (www.edgeview.com) is a leading independent investment bank focused exclusively on the middle market.  Edgeview has closed M&A transactions in more than 15 industry sectors, including aerospace and defense, applied technology, building products, business services, consumer products, diversified industrials, energy services, healthcare, and transportation and logistics. 

All securities products and services are offered through Edgeview Capital Securities, LLC, a registered broker-dealer and FINRA/SIPC member firm and an affiliate of Edgeview Partners.