Seaport Capital Completes Sale of Exacom to Motorola Solutions

Key Terms

mission-critical technical

An asset, system, product, service or process labeled mission-critical is essential to an organization’s core operations — if it fails or is interrupted, the business would suffer major financial, legal or reputational harm. Investors care because mission-critical items often drive most of a company’s revenue or regulatory standing, concentrate risk, and require extra spending on maintenance, backups and oversight; think of them as the engine in a car or the heart in a body whose performance and reliability determine the company’s health.

cybersecurity technical

Cybersecurity involves protecting computers, networks, and digital information from theft, damage, or unauthorized access. It is essential for safeguarding sensitive data and maintaining trust in digital systems, which matters to investors because strong cybersecurity reduces the risk of costly breaches and disruptions that can impact a company’s performance and reputation. Think of it as locking and safeguarding valuable information much like securing a safe to prevent theft.

cloud-based technical

Software, data or services that run on remote computers accessed over the internet instead of on a user’s own device; think of renting storage, apps and computing power in someone else’s warehouse rather than buying and maintaining the gear yourself. Investors care because cloud-based models can lower a company’s upfront costs, speed product updates, scale quickly with demand and create recurring revenue, all of which affect cash flow, growth prospects and valuation.

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NEW YORK--(BUSINESS WIRE)-- Seaport Capital (“Seaport”), a New York-based private equity firm, announced today the sale of its portfolio company, Exacom, Inc. (“Exacom”), to Motorola Solutions (NYSE: MSI). Headquartered in Manchester, NH, Exacom is a leading provider of mission-critical communication recording solutions and cybersecurity services to the public safety industry. Motorola Solutions is a global leader in mission-critical safety and security technologies for public safety, defense and enterprise customers.

During Seaport’s partnership with Exacom, which began in November 2020, the company’s revenue more than doubled. The company developed, launched, and went live with a mission-critical cloud-based multimedia recording offering, Hindsight Cloud. In June 2023, Exacom expanded its product offering with the acquisition of Seculore Solutions, a cyber solutions provider of proactive network monitoring and threat detection services for public safety customers.

Scott McCormack, Partner at Seaport Capital said, “Seaport has truly valued the relationship we’ve built with Al Brisard, CEO of Exacom, Bryon Cail, CFO of Exacom, and the entire Exacom team over the past five years. We’re very proud of what the company accomplished during our partnership and we wish the company continued success in its next phase of growth in its partnership with Motorola Solutions.”

“Seaport has been an incredible partner to us and we’ve appreciated their guidance and support in growing Exacom into what the company is today. Seaport’s extensive experience in tech-enabled businesses and their expertise in growing companies of our size made them the right strategic partner for us,” said Al Brisard.

About Exacom, Inc.

Exacom, Inc. is a technology company that provides telecommunication and data recording solutions. Exacom's products and services help organizations to securely record, manage, and analyze voice and data communications, such as radio and telephone communications. The company's solutions are designed to provide organizations with secure and reliable access to recorded data, enabling them to improve operations, comply with regulations, and protect their critical communications.

About Seaport Capital

Founded in 1997, Seaport Capital is a lower middle-market buyout firm that invests in communication infrastructure and services, business and information services, and media companies. Seaport typically invests $10 to $40 million of equity capital in companies generating EBITDA between $3 and $15 million. Seaport’s substantial industry expertise and investing experience enable it to develop successful strategies in partnership with management teams; its relationships and professionals help achieve them.

Nearly all of Seaport’s platform investments have been owned by founders or entrepreneurs seeking a collaborative institutional partner to provide the financial and operational resources to grow their businesses and execute a successful strategic plan. For more information, visit https://www.seaportcapital.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260317198217/en/

Kathleen Holohan
VP, IR & Marketing
Seaport Capital
212-847-8915
Kholohan@seaportcapital.com

Source: Seaport Capital