Lending

Mass Capital Announces a New Investment in Tri-Wire Engineering Solutions, Inc.

MCRC_150x75MCRC is pleased to announce its participation in the financing of the sale of Tri-Wire Engineering Solutions, Inc. to a newly formed Employee Stock Ownership Plan (“ESOP”). Founded in 1999, Tri-Wire is a leading provider of installation, maintenance and other technical support services to the cable and telecommunications industries. The company has over 900 employees situated across twelve states. The sale to the ESOP makes the company one of the largest broadband service providers owned entirely by its employees.

For more information, visit their web site at www.triwire.net.

The BIG Deal: ACG Boston’s Most Exclusive Event | Jan. 17

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After two sellout years in a row, ACG Boston’s most exclusive members-only event — The BIG Deal — returns to Legal Harborside’s 2nd Floor in January 2017.

At The BIG Deal, senior-level ACG members of the private equity, investment banking, and corporate development communities across the US come together for an evening of unparalleled networking to build relationships with those who truly drive dealmaking in the Northeast. Key deal professionals will connect over delicious food and cocktails while enjoying one of Boston’s best views of the waterfront from Legal Harborside.

The BIG Deal is an annual invitation- and ACG members-only event for senior-level investment bankers, private equity investors, and corporate development professionals.

Event Details

Tuesday, January 17, 2017
6:00PM – 8:30PM
Legal Harborside, Floor 2
270 Northern Ave | Boston, MA

Members: $160.00
Non-Members can purchase ACG Boston Membership and receive complimentary BIG Deal registration.

Learn more here.

Chase Taps Kyle Murphy to Lead Commercial Banking Business Development in New England

kylemurphy_150x150Chase recently announced they’ve hired ACG Boston member Kyle Murphy to lead Business Development in New England for the firm’s Commercial Banking team. Murphy will be based in Boston.

“Kyle brings great expertise and local market knowledge to our Middle Market Banking Group, adding both depth and breadth to our team,” said Rick MacDonald, New England Region Manager for Chase Commercial Banking in a memo to clients. “Our group continues to strengthen with the addition of Kyle and the skills that he provides.”

Murphy joins Chase from Wells Fargo Capital Finance, where he spent the last seven years covering Middle Market companies in both Boston and New York.

Originally from Southeastern Massachusetts, Kyle is an active member of the Association for Corporate Growth, Commercial Finance Association, Turnaround Management Association and a founding member of TKT Boston.

Chase Middle Market Banking & Specialized Industries provides credit and cash management services, and access to capital markets and corporate finance advisory solutions to companies with annual revenues between $20 million and $500 million. Our local delivery model and industry expertise, coupled with the firm’s global resources and capabilities, allows us to provide you with customized, comprehensive solutions and exceptional service—helping you stay competitive and drive results.

Avante Mezzanine Partners Announces Investment in Spring USA

avantemezzanine_150x75Los Angeles, California – Avante Mezzanine Partners (“Avante”) announced today that it has provided unitranche debt and an equity co-investment to support the acquisition of Spring USA Corporation (“Spring”) by ShoreView Industries (“ShoreView”). Headquartered in Naperville, IL, Spring is a leading designer and provider of highly innovative foodservice equipment for the hospitality sector. Spring was also among the first foodservice companies to commercialize induction heating technology.

“We are excited to partner with Avante in this transaction,” said Adam Reeves, Principal of ShoreView. “We were impressed with their team and with Avante’s ability to provide a flexible capital solution that will foster growth. We look forward to working with them on Spring and future transactions.”

“We are excited to support Spring,” said Jeri Harman, Managing Partner and CEO of Avante. “The company is a market leader in foodservice equipment with a long history of innovation and strong commitment to customer service. We are also pleased to complete our first transaction with ShoreView, a firm with an experienced team and strong track record in industrial and industrial-related businesses.”

“We are also proud to be backing incoming CEO Kristine Holtz and her management team,” said Ivelisse Simon, Partner of Avante. “Kristine and her team are highly accomplished and, together with ShoreView’s deep knowledge of the industry, we are excited about the opportunity ahead.”