SOURCE: Seacoast Capital

Seacoast Capital

December 18, 2015 10:00 ET

Seacoast Capital Announces the Successful Exit of DVTEL

SAN FRANCISCO, CA--(Marketwired - Dec 18, 2015) - Seacoast Capital ("Seacoast") has announced the successful exit of its investment in DVTEL ("DVTEL" or the "Company") in conjunction with the $92 million sale of the Company to FLIR Systems. DVTEL is a leader in enterprise-class security and surveillance solutions, and develops and distributes integrated video management system (VMS) software, advanced video analytics software, visible and thermal security cameras, and related servers and encoders.

Tim Fay, Partner at Seacoast Capital commented: "DVTEL has a very talented management team which has done a terrific job building the foundation for significant growth. When we invested in DVTEL a little over eight months ago, we knew the management team would accomplish great things, but their performance has vastly exceeded our expectations." Yoav Stern, CEO of DVTEL added: "Seacoast has been a wonderful partner to work with. The capital Seacoast provided positioned us for growth and enabled us to unlock a great deal of value."

DVTEL, Inc. ( DVTEL, Inc. is a world-class developer of open, scalable, end-to-end video surveillance solutions. Since 2003, the Company has evolved from a single product innovator of IP video management software ("VMS") to a global provider of high performance video surveillance software and hardware solutions including network video management systems, high-definition IP video surveillance cameras, encoders and decoders, and video analytics. The Company offers suites of products that are developed and tailored to meet the needs of enterprise-class end-users as well as mid-sized businesses and organizations all over the world.

About Seacoast Capital
Seacoast Capital was founded in 1994 to make non-controlling junior capital investments (primarily subordinated debt and equity) in privately-held lower middle market companies. Seacoast specializes in "sponsorless" transactions, preferring to invest directly with company owners or management teams, although it will selectively consider investments led by professional investor groups. Seacoast typically provides between $3 million and $12 million of debt and equity capital for acquisitions, growth, shareholder buyouts, management buyouts, and leveraged recapitalizations. While industry agnostic, Seacoast broadly invests in the specialty manufacturing, value-added distribution, commercial services, environmental services, logistics and infrastructure services, health and wellness, and consumer sectors. Seacoast generally targets investments in companies with $10 million to $150 million in revenue and $2 million or more of EBITDA. With offices in Boston and San Francisco, Seacoast has invested over $300 million in over 20 states since 1994. Seacoast is currently investing its third fund, Seacoast Capital Partners III, L.P.

For more information, or to submit an investment opportunity to Seacoast, please contact Patrick Gengoux, Associate, by phone in San Francisco at (415) 956-1400 or via e-mail at

Contact Information

  • Contact:
    Patrick Gengoux
    Tel: (415) 956-1400
    E-Mail: Email Contact