Sentinel Offender Services, LLC
Sentinel Offender Services, LLC (‘Sentinel’ or the ‘Company’) provides a broad array of community corrections services ranging from location monitoring (utilizing ankle bracelets) to private probation services (such as offender fee collection). The Company utilizes state-of-the-art tracking technology and maintains a centralized monitoring center at its headquarters in Irvine, CA. Sentinel currently contracts with over 200 governmental agencies and provides services to more than 35,000 offenders in 41 states.
The Company retained SSG to recapitalize its balance sheet in order to refinance existing indebtedness and secure liquidity to fund growth opportunities.
SSG delivered a financing package from a hedge fund lending source that provided sufficient availability for the Company’s needs without diluting existing ownership.