Bregal Sagemount – a leading growth-focused private equity firm – announced a minority growth investment from its Basecamp fund in 360 Advanced, a leading consulting firm focused on cybersecurity and compliance frameworks. The terms of the deal were undisclosed.
Launched in 2009 and based in St. Petersburg, FL, 360 Advanced delivers client-centric cybersecurity and compliance services. And the company offers a suite of audit and attestation services, including SOC, PCI, ISO, HITRUST, FedRAMP, CMMC, HIPAA, and others.
With a focus on customer satisfaction and a commitment to excellence, 360 Advanced has built a reputation for providing tailored solutions to clients ranging from the growth stage to large enterprises across healthcare, financial services, technology, government, and business services.
With the completion of this funding, 360 Advanced will operate in an alternative practice structure. 360 Advanced Cybersecurity will provide advisory and non-attest services, while 360 Advanced, Inc., an independently owned licensed CPA firm, will provide attest services.
Goodwin Procter and Vedder Price served as legal counsel for Sagemount and Hunton Andrews Kurth, and Shumaker, Loop, and Kendrick served as legal counsel for 360 Advanced. DC Advisory served as financial advisor to 360 Advanced.
KEY QUOTES:
“We are thrilled to partner with 360 Advanced and support their growth journey. We have a long history of investing in compliance solutions and believe that 360 Advanced’s dedication to delivering high-quality, client-focused, technology-enabled services helps differentiate them in the rapidly growing cybersecurity and compliance market. We look forward to working closely with Dan and the 360 Advanced team to drive continued growth and success.”
– Zuhair Khan, Co-Head of Bregal Sagemount’s Basecamp fund
“We are incredibly excited to welcome Sagemount as our first strategic investor. This investment will help enable us to accelerate our growth and continue to provide what we believe to be market-leading cybersecurity and compliance services to our clients. Our client-centric and consultative approach has been the cornerstone of our success, and we are confident that this partnership will help us achieve new heights.”
– Dan Collins, CEO of 360 Advanced
