Spring Capital Closes New Investment in Perimeter Insect Guard
SPRING CAPITAL PARTNERS IV, L.P.
is pleased to announce the closing of an investment in
Perimeter Insect Guard
Subordinated Debt and Equity
Spring Capital Partners IV, L.P. (“SCP IV”) is a Small Business Investment Company (“SBIC”) as licensed by the United States Small Business Administration in accordance with the Small Business Investment Act of 1958, as amended.
Spring Capital Partners IV, L.P. (www.springcap.com) invested subordinated debt and equity to support Full Guard Capital’s acquisition of Perimeter Insect Guard (the “Company”). SCP IV partnered with Tecum Capital in financing this transaction.
About Perimeter Insect Guard
Founded in 1994 and headquartered in Taylorsville, Mississippi, Perimeter has developed into the largest provider of insecticide treatment services for uniforms and garments, primarily used by the various branches of the U.S. Military. The Company treats uniforms with a proprietary, EPA approved chemical mixture that repels insects and protects America’s service men and women against numerous pathogens and insect-borne diseases such as malaria, Zika virus, Dengue fever, Lyme disease, etc. Perimeter has built long-standing relationships with its customers over the Company’s history serving the military industry and has a proven reputation with prime contractors, establishing themselves as the go-to solution for military uniform insecticide treatment.
About Spring Capital Partners
Spring Capital Partners was founded in 1999 to provide mezzanine capital to growing small and medium sized businesses. The firm has managed over $600 million of capital and is currently investing out of its fourth fund, Spring Capital Partners IV, a $250 million SBIC. Investments are made in the form of subordinated debt and minority equity, typically in the range of $2 million to $20 million per investment. In addition to investing in change of control/buyout transactions with committed private equity funds and independent sponsors, Spring Capital also provides capital to privately held businesses to support acquisitions, growth, and minority recapitalizations.