Essex Capital Arranges $1.1 Million Recapitalization
Essex Capital Group, Inc. (“Essex”), announced today that the firm recently arranged $1.1 million in new financing for Quantum Technology Services, Inc. (www.qtsi.com), a Florida-based engineering company dedicated to providing operational solutions to advanced problems within the domain of technical intelligence.
The funding was provided in the form of a working capital line of credit and a term loan from a private specialty finance company. Deal proceeds were used by the company to pay off existing debt and provide operating capital.
Freddie “Chick” Garcia, Jr., Chief Executive Officer & Chairman of the Board, stated, “Essex Capital provided QTSI with excellent financial consulting advice and professional services. Their expertise in negotiating delicate financial matters has enabled QTSI to make significant improvements in planning for future profitability and growth.”
Robert D. Swain, President of Essex, noted, “The QTSI transaction represents another case where Essex was successful in structuring and closing multiple financing pieces as a part of an overall corporate recapitalization.”
Essex Capital acted as QTSI’s exclusive advisor in this transaction.
About Essex Capital Group
Essex Capital Group, Inc. is a Tampa, Florida-based corporate finance firm serving small and middle market privately-held companies located throughout the United States. With extensive capital markets experience, Essex provides creative solutions to businesses in need of financial restructuring. Typical advisory services include balance sheet recapitalizations with senior and subordinated debt. Since inception in 2003, Essex has successfully raised over $300 million in approximately 60 financing transactions. For more information, please visit www.essexcapitalgroup.com or our blog at www.businesscapitalblog.com.
- Contact Information
- Robert Swain
- Essex Capital Group, Inc.
- (1) (813) 837-3500
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