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Stellus Capital Management, LLC provides second lien debt to support the acquisition of Second Image National by Keais Records Services, a portfolio company of The CapStreet Group

Jun 30, 2016

Houston – TX, June 30, 2016 – Stellus Capital Management, LLC (“Stellus”) announced today that it provided second lien debt to support Keais Records Service’s (“Keais”) acquisition of Second Image National (“Second Image”). Keais is an existing portfolio company of The CapStreet Group (“CapStreet”).

Headquartered in Houston, TX, Keais is a national provider of outsourced document retrieval services. Over the last 40 years, Keais has grown to become one of the largest and most respected records retrieval providers nationwide. Headquartered in San Dimas, CA, Second Image has combined leading edge technology and excellent customer service to deliver subpoena record retrieval, and document management services to insurance companies, law firms, and corporations.

The combination of Keais and Second Image will create the largest pure-play, outsourced provider of record retrieval and summary services to insurance carriers and defense law firms in the U.S. The Company’s nationwide coverage combined with an industry leading technology and information security platform allows the Company to provide a comprehensive outsourced document retrieval solution in all 50 states.

Robert Ladd, Managing Partner at Stellus, noted, “We are pleased to support CapStreet and Keais in this acquisition. We have a long standing partnership with CapStreet lasting over 10 years and are pleased to be part of the transaction.”

Gavin Roseman, Managing Director at Stellus added, “We appreciate the opportunity to partner with CapStreet and Keais management and support their acquisition of Second Image and the continued growth of the company.”

“We are very excited to complete the Keais merger with Second Image. The transaction expands our national footprint, and will enable us to bring best in class service to our customers. We appreciate Stellus’ support of Keais and CapStreet and we look forward to partnering with them to support our buy and build strategy with Keais,” said Tom Caughlin, Principal, CapStreet.