HIG’s Trinity Services Group acquires Swanson Services Corporation
HIG Capital’s portfolio company, Trinity Services Group, has completed the acquisition of Swanson Services Corporation, a provider of commissary products and integrated software services to correctional facilities.
Based in Denver, Colorado, Swanson has been owned and operated by three generations of the Swanson family since its founding in 1983. Over its 30 year history providing correctional fiduciary technology, Swanson has established a national presence with over 500 clients in 41 states.
“With the acquisition of Swanson completed, we are excited to expand our secure commissary operations to new markets and clients, while offering a growing array of services and improved buying power to our current customers,” says Jim Long, CEO of Trinity Services Group. “We will spend the coming months building on the combined strengths of both companies to form a truly relationship-focused organisation that is a proud partner to the corrections industry.”
“Swanson was built on a history of long-term, mutual partnerships and this is an exciting nod to that legacy,” says Kelly Swanson, president of Swanson Services Corporation. “We also believe our current commissary clients will benefit from Trinity’s impressive Food Service programmes that will provide an attractive suite of services, helping many jails continue to ease the financial pressures they face.”
“Trinity is committed to exceeding its clients’ expectations through high-quality, comprehensive, and cost-effective solutions,” says Jeff Zanarini, a managing director of HIG. “The Swanson acquisition adds tremendous value to the Trinity network value proposition through an industry leading technology platform, best-in-class customer service, and significant operating efficiencies of the combined organisations. We are very excited to be launching this next phase of Trinity’s growth.”
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