LXP Recapitalizes Black Creek Integrated Systems Corp.
May 3, 2024
LXP, LLC completed a recapitalization of Black Creek Integrated Systems Corp., a provider of proprietary public safety software and facility control systems for high-security corrections facilities; the transaction closed on April 9, 2024. Midwest Mezzanine provided subordinated debt and a partial equity investment to support the deal while Third Coast Bank provided senior debt; Brady Hughes will become CEO and founder Ike Newton will transition to the board.
- Buyers
- LXP, LLC, Midwest Mezzanine Funds
- Targets
- Black Creek Integrated Systems Corp.
- Industry
- Software
- Location
- Alabama, United States
- Transaction Type
- Recapitalization
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