Amalgamated
Capital Leads Senior Financing for Trivest
Partners'
Investment in Endeavor Telecom
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NEW YORK, NY,
March 17, 2010 - Amalgamated Capital (AmalCap), a recently formed division of
Amalgamated Bank, announced today that it served as Lead Arranger and
Administrative Agent for a senior secured credit facility in support of the recapitalization
of Endeavor Telecom, Inc. by management and Trivest Partners, L.P. AmalCap provides senior cash flow financings
to facilitate investments made by private equity sponsors in high quality,
lower middle market companies.
Atlanta-based Endeavor is the leading provider of private label
wholesale professional telecom services to carriers, service providers, systems
integrators, value-added resellers, and equipment manufacturers. Trivest
Partners, based in Coral Gables, Florida, is a private equity firm with $325
million of capital under management.
"Amalgamated Capital is very pleased to be
working with Endeavor, a dynamic company in an important sector. When we founded AmalCap, our strategy was to partner with
top-tier private equity sponsors to finance growing and profitable
businesses. Trivest and Endeavor epitomize those roles," said
Timothy Clifford, Executive Vice President and Head of Amalgamated Capital. "To
complete this financing successfully, both parties wanted to move quickly in
order to take advantage of market opportunities. By working closely with Trivest and
management on this transaction, Amalgamated Capital was able to create a
solution that met the needs of our client."
"This
transaction is an important step in enabling Endeavor to continue its strong
growth trajectory," said Justin R. McLain, Endeavor's Chief Executive Officer. "Amalgamated Capital's responsiveness and understanding of the operation clearly
established their lead in the transaction; we are pleased to have them as a
partner as we pursue the next phase of our business."
"Amalgamated
Capital was a great fit for the Endeavor transaction because of its exclusive focus on smaller, middle market companies and
streamlined approval process as they delivered a superb execution,"
explained Jamie Elias, a Trivest Partner. "This transaction establishes
Amalgamated Capital as a trusted debt financing partner."
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About Endeavor Telecom
Headquartered in Atlanta, GA,
Endeavor is The Telecom Truck Roll Company for carriers, service providers,
systems integrators, VARs, and equipment manufacturers. Endeavor's private
label wholesale professional services include: Field Services, such as inside
wiring & equipment installation; Order Fulfillment Logistics - equipment
configuration, staging, testing, and shipping; and Tier I & II operations
and technical support. Endeavor's field organization consists of more than
9,000 highly trained and certified technicians throughout North America,
including all of the U.S., Canada, Mexico, and Caribbean.
www.endeavortelecom.com
About Trivest Partners
Trivest Partners is a private investment firm that focuses on
partnering with founder/family owned businesses in the United States and
Canada. Since its founding in 1981, Trivest has completed nearly 150
transactions, totaling over $4.0 billion in value.
www.trivest.com
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Contact Us About Financing Your Next Investment
Timothy G. Clifford
Head of Amalgamated Capital
212-895-4486
tclifford@amalcap.com |
Sean McKeever
First Vice President
212-895-4468
smckeever@amalcap.com |
Mindy Naylor
Vice President
212-895-4470
mnaylor@amalcap.com |
George Parry
Vice President
212-895-4463
gparry@amalcap.com |
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About
Amalgamated Capital
Amalgamated Capital (AmalCap),
founded in September, 2009, is the new specialty leveraged finance division of
Amalgamated Bank; a New York City-based and privately-owned commercial bank
with over $4.5 billion in assets.
AmalCap
seeks to create strong long-term partnerships with private equity sponsors and
focuses exclusively on providing senior cash flow financings to support
investments in high quality, lower middle-market companies.
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Company Criteria: - Revenue of $10 to $150 million
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EBITDA of $3 to $15 million
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Geography Focus:
- Headquartered in the
United States
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Financing Size: - Senior debt financing needs of up to $50 million
- Hold size of up to $20 million
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Credit Products: - Revolving Lines of Credit
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Senior Cash Flow Term Loans
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Stretch Senior Financing
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Letters of Credit
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Transaction Types:
- Acquisitions
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Buyouts
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Consolidations
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Growth Capital
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Recapitalizations
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Refinancings
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Industries Focus:
- Aerospace and defense
- Business services
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Consumer products
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Education
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Healthcare
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Industrial products
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Niche manufacturing
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Software and IT services
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Value-added distribution
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