ACM Capital Partners, Crestmark Bank Team to Deliver Multi-Million Dollar Asset-Based Loan for Struggling Medical
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MIAMI, FL and TROY, MI, Jun 16 (MARKET WIRE) --
ACM Capital Partners, a national investment and advisory firm
specializing in assisting middle-market companies in transition or
distress, and Crestmark Bank, a nationally recognized provider of working
capital solutions to small- and mid-sized businesses, today announced
they have partnered to deliver a multi-million dollar asset-based loan
for a struggling medical device company headquartered in California.
The medical device manufacturer had suffered negative cash flow over the
last few years and had been unable to obtain adequate financing. ACM was
engaged by the manufacturer and served as its interim CEO and CFO. Randy
Paulfus, ACM's Managing Director, said joining forces with Crestmark Bank
was a natural fit and helped stabilize the company in the midst of a
continuing and unprecedented economic downturn.
"Crestmark's reputation for specialty asset-based lending combined with
ACM's expert Financial Practice advisory services helped our client secure
much-needed financing at a critical time in its lifecycle," Paulfus said.
Crestmark Bank First Vice President Bob Harbers added, "Crestmark Bank
continues to help small- to middle-market companies throughout the country
with their working capital needs. As a well-capitalized FDIC-insured bank,
we are able to offer unique financing alternatives to a market that
currently cannot find solutions at many traditional banks."
Headquartered in Troy, Mich., with regional offices in Florida, Tennessee
and Louisiana; and sales offices located in Arizona, California, Georgia,
Illinois, New York, Ohio and Texas, Crestmark Bank is an FDIC-insured
bank, providing asset-based lines of credit and factoring lines of credit
to small- and middle-market companies nationwide. For more information
visit www.crestmark.com.
ACM's unique approach focuses on injecting various forms of capital
(including financial, intellectual and operational) directly into its
client companies. Alongside capital infusion, ACM places a hands-on,
seasoned member of each one of its three discipline teams (Executive,
Financial and Operational) into each client engagement.
About ACM Capital Partners
Founded and headquartered in Miami, ACM Capital Partners is a national
investment and advisory firm specializing in assisting middle market
companies in transition or distress. ACM's team of professional advisors
has assisted clients ranging from small businesses to Fortune 100
Companies. The ACM team brings decades of experience to every client
engagement, and has built a reputation of helping clients create value and
provide strategic solutions to both short- and long-term financial issues.
For more information please visit www.acmcapitalpartners.com.
Contacts:
Jim Engineer
e-Rainmaker PR for ACM Capital Partners
Email Contact
630.728.1387
Bob Harbers
First Vice President
Crestmark Bank
Email Contact
561.833.7006 ext 113
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