Stamford, CT, July 2014 – TrueNorth Capital Partners LLC is pleased to announce that its wholly-owned subsidiary, TNCP, LLC acted as financial advisor to Coltsville Redevelopment Company LLC, the property developer, in connection with the refinance of its senior debt facilities on the iconic Coltsville property located in Hartford Connecticut. The property was once the home of Samuel Colt’s famous firearms headquarters and manufacturing plant and currently stands as one of the most historic properties in the State of Connecticut.

This 17 acre campus comprises 630,000 square feet in 10 buildings. This mixed use property now accommodates commercial, residential and retail tenants. It is proud to have as one of its tenants the Capital Region Education Council (CREC) charter school featuring its nationally recognized Autism Program.

Funding was provided by United Bank’s Glastonbury Connecticut office. The investor partner to the property, Chevron TCI, Inc., and the property developer plan to use the proceeds to repay existing debt on the property. Excess funding from the refinancing will be used to complete the residential apartments located in the South Armory building and further improvement of the grounds.

Jeff Gaynor, lead banker for TrueNorth commented …”in the four years I have been involved with Coltsville the transformation of this Campus has been remarkable. We credit Larry Dooley and Chevron TCI for their commitment and the City and the State’s Department of Economic and Community Development for their support throughout. We are proud to be involved in a project that enhances the City of Hartford and the State of Connecticut”.

About TrueNorth Capital Partners LLC:

TrueNorth Capital Partners, LLC www.truenorthcp.com provides corporate advisory services on mergers and acquisitions and restructurings as well as provides valuations and fairness opinions primarily to middle market companies. Capitalizing on the vast international M&A and restructuring backgrounds of the founders, the firm provides sophisticated financial advice to middle market clients. TrueNorth’s professionals have built their careers and reputations serving this market and understanding its intricacies. Their skills have been evidenced in hundreds of assignments and they have completed those assignments while always remaining true to their core principles: unwavering commitment to our clients’ best interests and the highest standard of service. TrueNorth conducts its securities-related business through its wholly owned subsidiary TNCP, LLC, member FINRA/SIPC.

Further inquiries can be directed to TrueNorth at the contact information provided below:
TrueNorth Capital Partners LLC
60 Long Ridge Road
Third Floor, Suite 307
Stamford, CT 06902
203.604.2007

Jeffrey Gaynor, Managing Director
Direct Phone 203.817.0277
jgaynor@truenorthcp.com