Saalex Unit Valeo Lands Debt Deals

Valeo Networks, a managed security service provider, announced last month it had received a significant private debt investment from Clear Vision Impact Fund. 

Financial terms of the deal between Valeo, in Rockledge, Fla., and Clear Vision, a New York-based investment initiative sponsored by an affiliate of Siebert Williams Shank & Co. LLC and managed by SWS Capital Management, were not disclosed. 

Valeo Networks is the information technology division of Saalex Corp. in Camarillo.

The funding will be used to pursue acquisitions of small to mid-size managed service providers and managed security providers.

Travis Mack, chief executive of Valeo and Saalex, said the subsidiary was excited to grow with its new partners at Clear Vision. 

“We’ve had many opportunities to partner with other investment firms, but SWS Capital Management and the Clear Vision mission and dedication to being more than just another investment firm rang loudly to me and perfectly aligns with Valeo Networks’ aspirations of being more than just another information technology company,” Mack said in a statement. “We look forward to incredible advancements and growth in the near future.”

The Clear Vision fund has closed on more than $100 million in investments in sustainable minority-owned or operated businesses, with a focus on African American businesses, those in underserved areas and that foster inclusive growth through sustainable business models, Valeo said in a release. 

“As a rising minority-owned business, Valeo Networks was chosen as one of the recipient companies for Clear Vision’s funding,” it said in the release. 

Christopher Williams, chief executive of SWS Capital Management, said that Mack and the Valeo team have built a business differentiated by its leadership and experience supporting its target markets. 

“We look forward to expanding our relationship with Valeo Networks by providing both financial capital and support,” Williams said in a statement.