Stamford, CT, September 2016 –TrueNorth Capital Partners LLC (“TrueNorth”) is pleased to announce that its wholly-owned subsidiary, TNCP, LLC acted as financial advisor to Macton Corporation in connection with the refinance of its senior loan facility. Funding was provided by the Asset Based Lending Group at Rockland Trust Company.
Stamford, CT, August 2016 –TrueNorth Capital Partners LLC (“TrueNorth”) acted as exclusive financial advisor to The Official Committee of Unsecured Creditors of Back9Network, Inc. and Swing By Swing, Inc. (the “Committee”).
The national M&A market has rebounded strongly from the cyclical downturn of the Great Recession. In the 2010-2015 period, national transaction volume increased at a compounded annual growth rate (“CAGR”) of approximately 9.5%. Meanwhile, M&A multiples have returned to the historically high levels reached prior to Great Recession. Such vitality in the M&A market during the recent cyclical recovery is in stark contrast to the relatively slow growth experienced in the overall economy.
Stamford, CT, March 2016 –TrueNorth Capital Partners LLC (“TrueNorth”) through its wholly owned subsidiary, TNCP, LLC, acted as exclusive financial advisor to H. Krevit and Company, Incorporated and its affiliates (“Krevit”) in the sale of substantially all of its assets to AJM Industries, LLC (“AJM”).
Because I’m an investment banker, I regularly field questions about when will the strong market conditions for middle-market M&A transactions dissipate. Recently, in response to this question, I told an M&A lawyer that I thought we were in about the “7th inning” of the market cycle.
Stamford, CT: TrueNorth Capital Partners LLC (“TrueNorth”) and its wholly-owned subsidiary, TNCP, LLC have relocated their headquarters to new offices in downtown Stamford, CT.
Stamford, Connecticut June, 2015 – TrueNorth Capital Partners LLC is pleased to announce that its wholly-owned subsidiary, TNCP, LLC (“TrueNorth”) acted as exclusive financial advisor to Lindquist Steels, Inc.(“Lindquist”) in the sale of the assets of its Southeastern service centers to Cincinnati Tool Steel Company (“CTS”).
Stamford, Connecticut May, 2015 – TrueNorth Capital Partners announced the appointment of Bill Jarrett as Managing Director and Head of its new office in Minneapolis.