Safeguard Properties has established a new, middle-market private equity fund that will be used to help the company branch out into complementary markets.
With equity capital in excess of $100 million, the Safeguard Capital Group will be ‘actively investing across a variety of business services industries, with particular focus on real estate services, healthcare, consumer/retail, financial, industrial and energy/environmental markets,’ the company reports.
Safeguard, the largest mortgage field services company in the U.S., adds that its expansion into these related market segments is expected to generate anywhere from $20 million and $500 million in additional annual revenue. Last year, the company reported revenue of more than $1.3 billion.
In a release, the company says it has ‘strong knowledge of the targeted industries' business models,’ which in turn ‘gives the firm a unique level of insight that provides additional value to the senior leadership teams of the acquired businesses as they execute on their growth strategy.’
‘We're looking to partner with companies that have a compelling operating strategy and where we can invest for the longterm,’ says Alan Jaffa, CEO of Safeguard Properties and Safeguard Capital Group advisory board member, in the release. ‘Our focus is on business services companies in varying degrees of transition that can benefit from the vast resources of Safeguard Properties.’