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American Capital Invests $31 Million in Buyout of Leading Supplier of Guestroom Safes for Hospitality Industry
Bethesda, MD - July 2, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $31 million in the acquisition of Safemark Systems L.P., a leading supplier of in-room safes to the hospitality industry, from Richards Capital Fund L.P. American Capital's investment takes the form of a senior term loan, senior subordinated debt, junior subordinated debt with warrants and redeemable preferred and common equity. American Capital is also providing a revolving credit facility. American Capital owns approximately 75% of Safemark on a fully diluted basis, with the balance owned by management. [more...]

Safemark Lets Hotel Guests Rest Easy
Safemark Systems, L.P., headquartered in Orlando, Florida, is a leading supplier of in-room safes for hotels. Since 1983, the company's safes have been installed in more than 400,000 guestrooms in the US, Canada and the Caribbean. In 1990, Safemark launched its highly successful in-room safe security program, enabling hotels to improve guest security and generate additional revenue with no upfront cost. Through this program alone, Safemark has provided in-room security to more than 300 million hotel guests. [more...]