Maranon Capital provided debt financing and an equity co-investment to support the acquisition of Emergency Communications Network Inc. by The Riverside Co. Ormond Beach, Fla.-based Emergency Communications Network provides software-as-a-service products to allow state and county governments communicate warnings, information about natural disasters and other information.
Maranon Capital, L.P. announced today that it provided a senior revolving credit facility and term loan as well as mezzanine debt and an equity co-investment to support the acquisition of Emergency Communications Network, Inc. (“ECN”) by The Riverside Company and members of ECN’s management team.
Headquartered in Ormond Beach, Florida, ECN provides critical, time-sensitive communications to individuals on behalf of over 1,000 government and education clients across all 50 states. The company’s software-as-a-service products, CodeRED, CodeRED Weather Warning and CodeED, allow state and county governments, municipalities, first responders, public utilities, and school districts to deliver millions of messages annually to communicate warnings, information about natural disasters or other vital information to save lives, find missing children and keep citizens out of harm’s way.
“ECN’s patented message delivery methods and proprietary mapping technology place it at the forefront of the emergency notification industry. Maranon’s financing will not only support the further development of new product capabilities, but also add-on acquisitions to expand ECN’s suite of services and customer base,” commented Demian Kircher, the Managing Director of Maranon Capital who headed the firm’s investment in ECN. “This is Maranon’s second financing transaction with The Riverside Company in the last twelve months,” Kircher continued. “It is very gratifying to be building a relationship with one of the leading firms in middle market private equity.”
Other Maranon Capital team members involved in the ECN transaction included Vice President, Laura Albrecht, and Associate, Matt Graves. Katten Muchin Rosenman LLP provided legal counsel for Maranon.
About Maranon Capital
Maranon Capital, L.P. provides senior financing, mezzanine debt and equity co-investments for private equity-backed and non-sponsored middle market transactions. Maranon has the flexibility to structure a one-stop financing solution or to provide stand-alone senior or mezzanine debt. The firm does not take control equity positions, but will consider a minority equity role in conjunction with a financing relationship. Maranon is currently managing over $550 million of committed capital. The firm is headquartered in Chicago with additional offices in Birmingham, Michigan and South Bend, Indiana. For more information about Maranon Capital please visit www.maranoncapital.com.
About The Riverside Company
The Riverside Company is a global private equity firm focused on acquiring growing enterprises valued at up to $200 million. The firm partners with strong management teams and enhances its investments through acquisitions and organic growth. Since its founding in 1988, Riverside has invested in more than 260 transactions with a total enterprise value of more than $5.8 billion.