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Balance Point Capital invests in Two-Twenty Records Management

Balance Point Capital (Balance Point), in conjunction with its affiliated funds, Balance Point Capital Partners II, and Balance Point Capital Partners III, has invested in Two-Twenty Records Management (Two-Twenty), a portfolio company of private equity firm Topspin Partners (Topspin).

Continuing with its theme of providing long-term, partnership-oriented capital, Balance Point arranged and led a USD124 million debt financing to fund acquisitions by Two-Twenty and Topspin. The financing was also used to retire existing debt and provides significant available capital for future growth investments. Balance Point’s creativity and leadership enabled a structure that promotes the Company’s strategic initiatives while optimising its cost of capital. 
 
Headquartered in Carlstadt, NJ, Two-Twenty is a multi-regional leader in the records management industry, delivering Smart Storage Solutions to customers across numerous industries. The Company provides outsourced physical storage and retrieval of documents, as well as critical ancillary services such as indexing, imaging, scan-on-demand and certified document destruction, delivering compliance and governance while minimising risk.
 
“We are very excited to continue our outstanding partnership with Two-Twenty and Topspin Partners,” says Seth Alvord, Managing Partner of Balance Point. “This transaction is among the largest in Balance Point’s history and we believe demonstrates our ability to deliver comprehensive and flexible financing solutions to our partners.”
 
Doug Mann, CEO of Two-Twenty, says: “We are thrilled to be partnering with Balance Point on this transaction. The patience, flexibility, and capital accessibility that Balance Point provides will support our continued significant growth and expansion goals.”
 
Leigh Randall, Managing Partner of Topspin, adds: “Balance Point’s support and guidance were critical in completing this successful transaction. We are pleased to be expanding upon our strong partnership together.”

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