Stamford, CT, February 20, 2024: 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 S&S Worldwide Inc. (“S&S”) in the refinancing of its senior secured debt.

Enhanced Capital and Stonehenge Capital provided facilities secured by first liens on the personal property and the real estate, respectively of S&S. The new facilities, refinanced existing loan obligations and provide liquidity for general working capital needs and future growth.

TrueNorth 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.

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

About S&S Worldwide Inc.:

S&S, established more than 115 years, is recognized as the premier designer, importer and distributor of educational and recreational products for the institutional and direct to consumer markets. S&S distributes arts and crafts, PE supplies, school supplies and furniture – offering a catalog of approximately 6,500 items. Significant customers include educational institutions (schools), recreational organizations (camps, after school programs) and healthcare organizations (nursing homes), however, the company has a growing channel through resellers and online marketplaces. S&S distinguishes itself from its competition by providing a level of customer service that others will not, or cannot, deliver. Through its wholly owned subsidiary, Steps to Literacy, the Company markets classroom libraries; specializing in providing a curated selection of books matched to the institution’s educational goals.

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, Minneapolis MN, Tokyo Japan, 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.