Financial terms of the deal were not disclosed.
Securus, based in Dallas, Texas, was formed by HIG in September 2004 through the merger of Evercom Systems and T-Netix. Today, the company is one of the largest providers of detainee communications and information management solutions, serving around 2,200 correctional facilities and more than 850,000 inmates in the US.
Lewis Schoenwetter, a managing director of HIG Capital, said, “Securus was an extremely successful investment for HIG. Rick Smith and his team significantly increased EBITDA over the past four years, and the team has driven Securus to the industry’s forefront under his leadership. We look forward to watching the company’s continued success in the future.”
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