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 restructured the Company’s existing debt, extending amortization and reducing debt service. The financing also provided growth capital in the form of long term debt that will allow Kingcom to continue it’s strong organic growth trajectory.
Bob Kingery, Owner of Kingcom, commented, “Bob and Rob Swain of Essex Capital are a breath of fresh air in the world of corporate finance. Once they begin to know you and your business needs, they hone in on ways to help you. No task is too small or too big for their attention. Dealing with Essex has been a great pleasure. They have served my company very well and we are in their debt.”
Essex Capital acted as the Company’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 in excess of $500 million for its corporate finance clients.
( Press Release Image: http://photos.webwire.com/prmedia/12031/204617/204617-1.png )
- Contact Information
- Robert Swain
- Essex Capital Group, Inc.
- (1) 8138373500
This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.