Stealth Monitoring, a Dallas, TX-based provider of live video monitoring solutions in North America, received an equity investment from Twin Point Capital.
Auxo Management LP, an investment firm led by Stealth CEO Robert Cherun and President Erik Mikkelsen, will retain a substantial ownership in the company and existing management remains in place.
As part of the deal, Stealth raised new debt capital which was provided by Pacific Western Bank and CIBC Bank USA.
Founded in 2003 and led by Erik Mikkelsen, President, and Robert Cherun, Chief Executive Officer, Stealth is a provider of a suite of services, including video monitoring, access control, video analytics, and detection services that deter crime and provide real-time and valuable business data and analytics.
The company works closely with its customers in designing, installing, and implementing highly customized solutions across multiple industries including: construction, multi-family residential, shopping center and retail, automotive, office and commercial, industrial and manufacturing, energy, and distribution and logistics businesses.
Stealth provides its services through fifteen offices and three redundant live video monitoring command centers. The team proactively monitors over 25,000 cameras daily, resulting in more than 15,000 deterred crimes, 500+ arrests, and 35,000+ analyzed customer videos per year.
The company has over 550 employees.