NEW YORK, April 5, 2017 /PRNewswire/ -- EZShield, Inc. ("EZShield") announced that The Wicks Group of Companies ("Wicks"), a private investment firm, has completed the purchase of a controlling interest in the company from EdgeStone Capital Partners. The terms of the transaction, which closed on March 28, were not disclosed.
Based in Baltimore, MD, EZShield is a leading provider of consumer and small business identity theft and fraud protection services through partnerships with companies in financial services, employee benefits, insurance, communications and other select industries. EZShield's partners, in turn, deliver the company's products as value-add offerings to their customers. Its go-to-market strategy enables EZShield to create unparalleled value for its partners. EZShield has been named "Best Overall" Identity Protection Leader three consecutive times by Javelin Strategy & Research.
EZShield CEO, Dale Dabbs said, "I am very excited to work with our new partners at Wicks in pursuing what we see as a tremendous opportunity in the identity theft and fraud protection market. As cybercrime continues to grow at an alarming rate, identity theft and check fraud have become a top-of-mind risk to businesses and consumers. EZShield's suite of award-winning products and its comprehensive approach to identity protection, offer effective solutions for combatting the myriad of problems surrounding information security."
"We believe the information sector needs strong service and content providers that help consumers and businesses manage the risk of identity crimes. With nearly 35.2 million victims of identity crimes in the US in 2016, we are acutely aware of the rising prevalence of the threats that lurk in our daily routines.1 We believe the growing awareness of these crimes provides an opportunity for EZShield's business going forward," said Daniel L. Black, Managing Partner at Wicks. "The company's partner-focused distribution model, high-value product offering and exceptional customer service will meet the anticipated growth in demand. EZShield's value proposition is unique in this growing market, particularly in segments where reputation and compliance are critical to success."
Signal Hill acted as exclusive financial advisor to EZShield. DLA Piper LLP acted as legal counsel to Wicks. Osler, Hoskin & Harcourt LLP acted as legal counsel to EZShield.
Daniel L. Black, The Wicks Group of Companies; +1 (212) 838-2100; www.wicksgroup.com
ABOUT THE WICKS GROUP OF COMPANIES
The Wicks Group of Companies is a private investment firm based in New York City that invests in lower-middle-market companies operating in selected segments of the information and education industries principally in the United States and Canada. Since its founding in 1989, Wicks has invested over $1 billion of capital in more than 35 platform companies and approximately 100 add-on acquisitions. The firm has applied a consistent investment strategy since its founding, partnering with high-quality, experienced management teams to build businesses organically and through acquisitions.
EZShield, named "Best Overall" Identity Protection Leader three consecutive times by Javelin Strategy & Research, provides fraud protection to consumers and small business customers through trusted partners in the financial services, benefits/payroll, insurance, telecommunications and warranty markets. Our full range of identity theft and fraud services are offered on a secure, flexible platform and backed by best-in-class customer support. For more information about EZShield and our partnership opportunities, visit www.EZShield.com.
1. Javelin Strategy & Research, 2017
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SOURCE The Wicks Group of Companies