Stamford, CT, December 7, 2020: TrueNorth Capital Partners LLC is pleased to announce that its wholly owned subsidiary, TNCP, LLC (“TrueNorth”) acted as the exclusive financial advisor and placement agent to Madison Resource Funding LLC (“Madison”) in the refinancing of its $80,000,000 senior secured loan.

East West Bank and three participating lenders closed on an $80 million revolving credit facility for Madison, a financing and process outsourcing service provider to the staffing industry. Portsmouth, New Hampshire-based Madison has grown to support staffing agencies and related businesses in 48 states and Canada by offering a full-service operational, technical, and financial management solution to its customers. The new facility refinances existing loan obligations and provides liquidity for general working capital needs and future growth.

TrueNorth, with offices in Stamford, CT, Charleston, SC, Central, NJ, Naples, FL, Minneapolis, MN, Kansas City, KS and London, UK, is a boutique investment bank comprised of senior bankers providing a full complement of middle-market financial advisory services. TrueNorth’s bankers have completed hundreds of M&A (both sell-side and buy-side), capital-raising, and restructuring transactions across a broad range of industries. TrueNorth is active in cross-border transactions and works extensively with Japan-based clients.

Any further inquiries can be directed to TrueNorth at the contact information provided below:

Jeff Gaynor, Managing Director
Stamford Office
Direct Dial Phone Number (203) 817.0277
E-mail address: jgaynor@truenorthcp.com

Andy Cahill, Managing Director
New Jersey Office
Direct Dial Phone Number (908) 403.9262
E-mail address: acahill@truenorthcp.com

About TrueNorth Capital Partners LLC:
TrueNorth provides advisory services to companies seeking advice for middle-market M&A and financing transactions. With offices in Stamford, CT, Charleston, SC, Central, NJ, Naples, FL, Minneapolis, Kansas City, KS and London, UK TrueNorth is a boutique investment bank comprised of senior bankers providing a full complement of financial advisory services. Our focus on the middle-market enables us to provide independent, value-added advisory services to privately held middle-market companies, private equity and family office groups and corporate clients, both domestic and international, across a broad range of industries. TrueNorth conducts its securities related business through its wholly owned subsidiary, TNCP, LLC, member FINRA/SIPC.

About Scout Valuations LLC:
Scout Valuations, a wholly-owned subsidiary of TrueNorth, is fully dedicated to business valuation. We provide thorough, independent valuation analyses together with superior client service and responsiveness. Our analyses combine a detailed understanding of the business, industry, and economic context, with the insight to address complex valuation issues regarding your business.