Tracking Systems Corporation

Client Profile
Tracking Systems Corporation (‘Tracking Systems’ or the ‘Company’) is a leading provider of equipment and monitoring service to the home detention industry. The Company’s major products include a radio frequency location-monitoring device worn on an offender’s ankle and the world’s only electronic home detention system that integrates alcohol testing, visual verification and radio frequency location monitoring.
Situation
The Company required additional capital to fund its growth and its existing lender was exiting credits outside of its geographic footprint.
Solution
SSG delivered a new senior credit facility despite the fact that most of the company’s collateral was housed in offenders’ homes across the country.