Essex Capital Closes $10.0 Million Start Up Capital Raise
Essex Capital Group, Inc. (“Essex”), announced today that the firm recently arranged a $10,000,000 debt capital raise for Atio USA, LLC, a startup aluminum alloy manufacturer based in Clewiston, FL (“Atio” or the “Company”). When operational, the Company will produce aluminium alloy utilizing recycled aluminium scrap to produce high quality special alloys to satisfy expanding demand across the world.
Essex Capital Arranges $3.0 Million Recapitalization
Essex Capital Group, Inc. (“Essex”), announced today that the firm recently arranged a $3,000,000 balance sheet recapitalization for Kingcom, LLC (“Kingcom” or the “Company”), the only Verizon-exclusive Platinum Technology Distributor in the United States. The Company, based in Beaverton, Oregon, offers a nationwide footprint of the entire Verizon product suite (www.kingcom.com).
Essex Capital Arranges $19.175 Million Recapitalization
Tampa, Florida – Tuesday, February 16, 2016
Essex Capital Group, Inc. (“Essex”), announced today that the firm recently arranged a $19,175,000 balance sheet recapitalization for an industrial metal fabricator (the “Company”), located in the Southeastern United States.
The new financing package, offered by two leading specialty finance firms, consisted of a $15.0 million asset-based line of credit and a $4.175 million sale-leaseback on existing equipment. The restructuring allowed the Company to refinance existing debt and fund increasing working capital needs due to the Company’s strong growth trajectory.
Essex Arranges $4.73 Million Recapitalization
Essex Capital Group, Inc. (“Essex”), announced the closing of a $4,730,000 debt recapitalization for Wayne Oil Company, Inc., (“Wayne Oil” or the “Company”), a privately-held wholesale petroleum product supplier and retail gas and convenience store chain operating under the Ballpark Stores brand name.
Essex Capital Arranges $6.75 Million Recapitalization
Essex Capital Group, Inc. (“Essex”), announced the closing of a $6,750,000 debt recapitalization for Century Everglades, LLC, (“CE” or the “Company”), a privately-held building products manufacturer and distributor based in Homestead, Florida.
Essex Capital Launches Equipment Finance Affiliate
Essex Capital Group, Inc. announced that the company has started a new equipment leasing affiliate. Essex Funding, Inc. has been formed to provide equipment manufacturers and distributors with a proprietary vendor leasing program designed to fund their customers' equipment purchases.
Essex Arranges $10.0 Million Term Debt Facility
Tampa, Florida - January 13, 2014 - Essex Capital Group, Inc. ("Essex"), announced the closing of a $10,000,000 term debt facility for BookIt.com, Inc., ("BookIt" or the "Company"), a privately-held online travel agency based in Panama City Beach, Florida. The Company (www.bookit.com) provides travel packages to leisure destinations across the United States, Mexico and the Caribbean.