Truenorth Announces New England Communications Systems, Inc. Restructure and Refinancing Transaction

January 24, 2014 TrueNorth News

Stamford, CT, January 2014 – TrueNorth Capital Partners LLC announcing that New England Communications Systems, Inc. (NECS), a wholly-owned subsidiary of Kavveri Technologies Americas Inc., has successfully completed the restructure of certain debts and obtained a new accounts receivables finance facility from New Jersey based Prestige Capital Corporation. TrueNorth acted as exclusive financial advisor to Kavveri and NECS. Earlier this month, TrueNorth announced the refinancing of NECS’s sister company, Quality Communications Systems, Inc. This transaction marks the second stage of the restructuring process.

NECS is an authorized Motorola two-way radio dealer, selling and servicing Motorola commercial and professional two-way radios and other wireless products and devices. NECS sales and service centers are conveniently located in West Greenwich, RI and Windsor CT. Additionally, NECS offers complete FCC licensing assistance, warranty service, maintenance contracts and everyday equipment repair making NECS Motorola’s premier authorized service provider in southern New England.

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.

Any 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