Essex Capital Hires Bruce A. Hric as Managing Director

Robert Swain, President of Essex Capital Group, Inc., announced today that Bruce A. Hric has joined the firm as Managing Director. Mr. Hric will focus on advising small and mid-market companies with capital needs between $1.0 million and $20.0 million.

Mr. Swain noted, “We are happy to announce Bruce Hric has joined Essex Capital as Managing Director. Bruce has an extensive financial and operational background, most recently as President and CEO of Capel Rugs, having served previously as CFO. His broad background will offer our clients valuable insights from the operating side to assist in dealing with various financial issues. Bruce has arranged numerous financing transactions throughout his career, including working capital lines of credit, real estate financing, and equipment financing at Capel Rugs and, previously, at Koury Corporation. We are really excited to add a financing professional of Bruce’s caliber to the Essex team.”

Mr. Hric’s background includes:
Capel Rugs - President/Chief Executive Officer * 3 years - Chief Financial Officer * 8 years - Mid-size area rug manufacturer/import distributor/retailer
Koury Corporation - Vice President-Controller * 13 years - Large privately held commercial and residential developer/construction firm
CPA/MBA - Virginia Tech

Bruce A. Hric contact information:
Bruce A. Hric
Managing Director
Essex Capital Group, Inc.
645 Biscoe Road
Troy, NC 27371
brucehric@gmail.com
(910) 975-0556

About Essex Capital Group, Inc.
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. Through its extensive experience in the capital markets, Essex provides creative solutions to businesses in need of financial restructuring. Typical advisory services include balance sheet recapitalizations with senior and subordinated debt, as well as introductions to institutional private equity investors. Since inception in 2003, Essex has successfully raised over $250 million in 50+ financing transactions.

Contact Information

Robert Swain

President

Essex Capital Group, Inc.

Contact via E-mail