Steele Compliance Solutions, Inc., a San Francisco, CA-based global compliance intelligence firm, received a growth investment from Bregal Sagemount.
The terms of the deal were not disclosed.
The company will use the funds to accelerate growth.
Steele Compliance is the parent company of the Steele CIS and Securimate businesses, which provide Fortune 1000 companies and mid-sized enterprises with pragmatic solutions, including Regulatory Due Diligence, Third-Party Program Advisory Services, Program Management Services, and Compliance Workflow, Analytics, and Benchmarking.
As a part of the transaction, founder Kenneth Kurtz will be promoted to the Chairman of the Advisory Board, while Eric Lochner has been appointed CEO.