Published by Gbaf News
Posted on July 25, 2018
3 min readLast updated: January 21, 2026
Balance Point Capital (“Balance Point”), in conjunction with its affiliated funds, Balance Point Capital Partners II, L.P. and Balance Point Capital Partners III, L.P., is pleased to announce its investment in Two-Twenty Records Management LLC (“Two-Twenty” or the “Company”), a portfolio company of Topspin Partners (“Topspin”), a middle market private equity fund based in Mamaroneck, NY.
Continuing with its theme of providing long-term, partnership-oriented capital, Balance Point arranged and led a $124 million debt financing to fund acquisitions by Two-Twenty and Topspin.
The financing was also used to retire existing debt and provides significant available capital for future growth investments. Balance Point’s creativity and leadership enabled a structure that promotes the Company’s strategic initiatives while optimizing its cost of capital.
Headquartered in Carlstadt, NJ, Two-Twenty is a multi-regional leader in the records management industry, delivering Smart Storage Solutions™ to customers across numerous industries. The Company provides outsourced physical storage and retrieval of documents, as well as critical ancillary services such as indexing, imaging, scan-on-demand and certified document destruction, delivering compliance and governance while minimizing risk.
“We are very excited to continue our outstanding partnership with Two-Twenty and Topspin Partners,” said Seth Alvord, Managing Partner of Balance Point. “This transaction is among the largest in Balance Point’s history and we believe demonstrates our ability to deliver comprehensive and flexible financing solutions to our partners.”
Doug Mann, CEO of Two-Twenty said, “We are thrilled to be partnering with Balance Point on this transaction. The patience, flexibility, and capital accessibility that Balance Point provides will support our continued significant growth and expansion goals.”
Leigh Randall, Managing Partner of Topspin, added, “Balance Point’s support and guidance were critical in completing this successful transaction. We are pleased to be expanding upon our strong partnership together.”
Balance Point Capital (“Balance Point”), in conjunction with its affiliated funds, Balance Point Capital Partners II, L.P. and Balance Point Capital Partners III, L.P., is pleased to announce its investment in Two-Twenty Records Management LLC (“Two-Twenty” or the “Company”), a portfolio company of Topspin Partners (“Topspin”), a middle market private equity fund based in Mamaroneck, NY.
Continuing with its theme of providing long-term, partnership-oriented capital, Balance Point arranged and led a $124 million debt financing to fund acquisitions by Two-Twenty and Topspin.
The financing was also used to retire existing debt and provides significant available capital for future growth investments. Balance Point’s creativity and leadership enabled a structure that promotes the Company’s strategic initiatives while optimizing its cost of capital.
Headquartered in Carlstadt, NJ, Two-Twenty is a multi-regional leader in the records management industry, delivering Smart Storage Solutions™ to customers across numerous industries. The Company provides outsourced physical storage and retrieval of documents, as well as critical ancillary services such as indexing, imaging, scan-on-demand and certified document destruction, delivering compliance and governance while minimizing risk.
“We are very excited to continue our outstanding partnership with Two-Twenty and Topspin Partners,” said Seth Alvord, Managing Partner of Balance Point. “This transaction is among the largest in Balance Point’s history and we believe demonstrates our ability to deliver comprehensive and flexible financing solutions to our partners.”
Doug Mann, CEO of Two-Twenty said, “We are thrilled to be partnering with Balance Point on this transaction. The patience, flexibility, and capital accessibility that Balance Point provides will support our continued significant growth and expansion goals.”
Leigh Randall, Managing Partner of Topspin, added, “Balance Point’s support and guidance were critical in completing this successful transaction. We are pleased to be expanding upon our strong partnership together.”
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