CLEVELAND, July 21, 2021 / PRNewswire / – Cyprium Partners, a private equity firm focused on non-controlling mid-market investments, has completed a new subordinated debt and preferred stock investment in Remprex to recapitalize the company’s balance sheet and fund the acquisition of Technical Services International, Inc. (“TSI”).
Remprex, headquartered outside Chicago, Illinois, provides terminal operations and access control solutions to Class I intermodal rail terminals and distribution centers across North America. Access control solutions include the installation, maintenance and operation of automated barrier systems and related technological infrastructure. Terminal operations include the loading, unloading and management of intermodal containers and automotive units.
“The acquisition of TSI by Remprex is part of the company’s strategy to become more meaningful to Class I railways,” said Cindy babitt, partner of Cyprium. “The acquisition of TSI complements the many offerings that Remprex already offers to Class I intermodal stations and the combined entity is expected to provide better and more efficient service. We are proud to support Remprex in this acquisition.
“We are very happy to have Cyprium as a financial partner of Remprex,” said Remy Dibes, CEO of the company. Mr. Diebes went on to say, “Remprex is a growing company. In addition to providing capital to support our growth, we look forward to working collaboratively with the team at Cyprium Partners and hope that we will greatly benefit from their insight and perspective as we continue to build Remprex. ”
About Cyprium Partners
Cyprium Partners is a private equity and mezzanine firm focused on non-controlling investments in profitable mid-market companies, allowing business owners and their management teams to maintain a controlling stake in their operations. Cyprium provides common stock, preferred stock, subordinated debt or any combination thereof, providing flexibility and increasing certainty of closing.
With offices in Cleveland, New York, and Chicago, the company invests $ 10 million at $ 60 million per transaction in US and Canadian companies with $ 8 million or more of EBITDA. Since the end of the 90s, our team has invested more than $ 1.7 billion in 94 platform investments. Learn more about Cyprium Partners on cyprium.com.
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SOURCE Cyprium partners