Alta Growth Capital has made an investment in EAS Systems, a provider of loss prevention services to the retail industry in Mexico, Central America, and Colombia. No financial terms were disclosed.
Mexico City, Mexico June 27, 2018. – Alta Growth Capital (“AGC”) announced that it has completed an investment in EAS Systems (“EAS”), a leading provider of loss prevention services to the retail industry in Mexico, Central America, and Colombia, integrating technologies such as electronic article surveillance, radio frequency identification, among others. Through this transaction, AGC acquired 100% of the equity of EAS from its original founders and operators. AGC is partnering in EAS with Douglas McHose, an experienced executive in the loss prevention space. Mr. McHose has joined the Company as CEO and reinforced the management team with other seasoned executives in the field.
“We are eager to work with Alta Growth Capital to bring EAS to its next stage of growth in Latin America and the U.S.” mentioned Mr. McHose. “We believe EAS has the potential to expand our leadership position in loss prevention and integration services beyond the markets in which we currently operate.”
Scott McDonough, Managing Director of AGC, added, “Doug and his team have a track record of success in the loss prevention business. We look forward to working with them to grow EAS by providing world class solutions to our customers.”
“According to the National Association for Shoplifting Prevention there are 27 million shoplifters in the U.S. today and Mexico is no different,” said Rafael Payro, Managing Director of AGC. “However, retailers agree that loss prevention solutions do have a significant effect on shrinkage reduction. We are excited to participate in an industry that provides such a vital service.”
AGC is making this investment out of its Mexico Fund II. This is Fund II’s eighth portfolio company.
About EAS Systems
EAS is the third largest participant in Mexico in the Electronic Article Surveillance segment. Since 2015, EAS has also become a relevant player in Central America across Costa Rica, Panama, Guatemala, El Salvador, Nicaragua and Honduras. In 2017 EAS entered the Colombian market, as well. EAS sells products from tier-one loss prevention and security brands and provides consulting, installation and maintenance services to its customers.
About Alta Growth Capital
Alta Growth Capital, based in Mexico City, manages private equity funds focused on growth equity and buyouts in middle market companies in Mexico. AGC has been operating in Mexico since 2007 and is now investing out of its second fund.