• Investment Year:2008
  • Status:Past
  • Stage:
  • HQ:Tampa, FL

Cyprexx

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Cyprexx Services is a field services outsourcing company that provides property preservation, rehabilitation, repair and inspection services for foreclosed residential properties on behalf of mortgage servicers.

Cyprexx provides these services through a nationwide network of local vendors.

INTRODUCTION TO CLIENTS & PARTNERS

Stone Point provided Cyprexx with executive-level introductions to potential customers, including Fannie Mae, Freddie Mac, and leading banks. Stone Point played a key role in helping Cyprexx to secure a contract that increased the company’s revenues by 40%.

EXECUTIVE RECRUITING & ALIGNMENT

Stone Point helped to recruit Cyprexx’s CEO, who was formerly the CFO of Cunningham Lindsey. Additionally, Stone Point partnered with management to establish an incentive compensation program for key employees.

OPERATIONAL ASSISTANCE & GOVERNANCE

Stone Point helped to establish an insurance solution to provide workers’ comp insurance for Cyprexx’s uninsured sub-contractors. Additionally, Stone Point assisted in redefining Cyprexx’s organizational and compensation structures, managing working capital and establishing a systematic marketing program and tracking system.

Investments highlighted or discussed in this selection have been selected to illustrate SPC’s investment approach and/or market outlook and are not intended to be an indicator of past or future performance. Each investment discussed in this selection has been selected solely for this purpose and has not been selected on the basis of performance or any performance-related criteria. The investments discussed herein do not represent an entire portfolio and in the aggregate may only represent a small percentage of holdings. Nothing in this presentation shall constitute a recommendation or endorsement to buy or sell any security or other financial instrument referenced herein.