For Immediate Release
Monument MicroCap Partners, LLC (“Monument”), a Midwest-based private equity firm, announced today that on October 15, 2024, its portfolio company Command Investigations LLC (“Command”) completed the acquisition of SuperiorX Investigations (“SuperiorX”). Based in Milford, MI, SuperiorX is a provider of specialized investigative services for insurance companies, law firms, TPAs, and corporate clients serving the states of Michigan, Ohio, and Indiana. Charter Capital Partners served as the exclusive sell-side advisor to SuperiorX. Financing for the transaction was provided by Maranon Capital.
“SuperiorX is a welcomed addition to the Command family of brands, given the similarities in company culture, commitment to excellence and operational approach,” said Command CEO, Seth Markham. “SuperiorX will greatly expand our reach within the state of Michigan and help grow our combined revenues by providing customers with enhanced service offerings and an extended coverage area.”
Robert Murray and Michael Huntsman, SuperiorX Managing Partners, said, “We believe it was critical to find a partner with similar aspirations and core values as we enter the next phase of growth at SuperiorX. Joining forces with Command allows us to better serve our clients with an expanded geographic reach and complementary services. We are thrilled to partner with Seth and the rest of the Command team.”
SuperiorX represents the seventh add-on acquisition by Command since its recapitalization by Monument in May 2019. Command’s previous add-on acquisitions include Investigations By King (located outside Pittsburgh, PA; recapitalized December 2019), Discovery Surveillance (offices in Albuquerque, NM, and Richmond, TX; recapitalized August 2020), Specialized Investigations (headquartered in Los Angeles, CA; recapitalized May 2022), The Citadel Agency (headquartered in Orlando, FL; recapitalized September 2022), Infoquest Information Services (headquartered in Columbus, OH; recapitalized June 2023), and Abacus Research (headquartered in Plainsfield, IL; recapitalized June 2024).
About SuperiorX
Founded in 2001, SuperiorX provides specialized investigative services for insurance companies, law firms, TPAs, and corporate clients. Its services include manned and unmanned surveillance, ACP and background investigations, social media investigations, and process services. Clients primarily employ SuperiorX’s services as a defense tactic to mitigate losses by gathering evidence related to fraudulent insurance claims, legal proceedings, and internal corporate issues.
About Command Investigations
Based in Lake Mary, Florida, Command Investigations is a full-service private investigation company that offers a full suite of investigative services, including Surveillance, Remote Surveillance, Background Investigations, Medical Canvasses, Social Media Investigations, Field Investigations, and SIU Services to the insurance defense community. Command is best known for its unparalleled customer service and unrivaled investigative knowledge and experience. With offices in Florida, California, New Mexico, Texas and Pennsylvania, Command offers services nationwide.
About Monument MicroCap Partners, LLC
Monument is a Midwest-based private equity firm focused on investments in North American businesses with EBITDA of $2-8 million. Monument seeks to partner with honest, hard-working and talented management teams across a wide variety of industries, including niche manufacturing, business services and industries positioned to capitalize on demographic trends and the growing need for infrastructure investment.
Please contact Tim Hildebrand (tim@monumentmicrocap.com) or Cosmin Dordea (cosmin@monumentmicrocap.com) at Monument for additional information.