For Immediate Release

Monument MicroCap Partners, LLC (“Monument”), a Midwest-based private equity firm, announced today that on March 7, 2025, it closed on the sale of its portfolio company, Command Investigations, LLC (“Command” or the “Company”), a premier national provider of insurance investigative services, to Incline Equity Partners (“Incline”), a Pittsburgh-based private equity firm. Based in Lake Mary, Florida, Command Investigations is a national provider of insurance investigative services, including Surveillance, Remote Surveillance, Background Investigations, Medical Canvasses, Social Media Investigations, Field Investigations, and SIU Services. Command is best known for its unparalleled customer service and unrivaled investigative knowledge and experience.

 During Monument’s hold period, Command grew from a regional provider licensed in three states to a nationwide company, licensed in 47 states, providing coverage to a diverse group of clients including insurance carriers, TPAs, self-insured corporates and law firms. Together with Monument, Command was able to accelerate growth by introducing additional service offerings, implementing tech-enabled solutions, expanding its geographic presence, and completing add-on acquisitions. Command completed eight add-on acquisitions during Monument’s hold period: Investigations By King (December 2019), Discovery Surveillance (August 2020), Specialized Investigations (May 2022), The Citadel Agency (September 2022), Infoquest Information Services (May 2023), Abacus Research (June 2024), SuperiorX Investigations (October 2024), and AIC Companies (January 2025). The management team led by CEO Seth Markham did an outstanding job managing the business through this rapid growth as well as integrating the acquisitions.

 “Monument invested in Command in April 2019 with a focused strategy to drive the Company’s expansion through internal growth initiatives and targeted acquisitions,” said Tim Hildebrand, Co-CEO of Monument. “We believed in Command’s strong leadership and saw tremendous potential within its market. Over the past six years, we’ve seen impressive growth driven by the management team’s hard work and vision. We look forward to seeing them thrive as they continue to accelerate their growth alongside Incline.”

 “Monument’s approach and thoughtful guidance played a crucial role in Command’s transformation into a national investigative services provider,” said Seth Markham. “Their expertise in identifying acquisition opportunities and fostering growth helped us accelerate our trajectory and strengthen our market position. We are grateful for our partnership with Monument and excited to build on this momentum with Incline, continuing to support our employees, customers, and community.”

 Monument has completed 28 acquisitions over the last six years, including eight platform investments and 20 add-on acquisitions. This represents the second exit for Monument since inception.

 Lincoln International LLC served as exclusive financial advisor to Command in connection with this transaction.

 

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.