Minneapolis, MN, November 2014 – Spell Capital Mezzanine (“Spell”) is pleased to announce a $5.5 million subordinated debt investment in Smartlink (the “Company”) to support a debt refinancing.
Smartlink, headquartered in Annapolis, MD, with additional offices nationwide, has been providing staffing and services to the communications industry since 2000. Smartlink’s areas of expertise include securing locations that maximize wireless coverage within a territory, obtaining the most competitive lease terms, acquiring necessary permits and zoning in the shortest possible timeframe and general architecture and engineering services.
“We are excited about the opportunity to partner with the management team,” said Mark McDonald, Managing Director at Spell. “Smartlink operates in a very attractive niche sector that is a critical outsourced function in the wireless industry.”
“Smartlink’s business is driven by the strong relationships we build,” said Bill Scott, Chief Financial Officer at Smartlink. “We value the expertise Spell brings to the table and hope for future opportunities to partner with their team.”
Kemper Corporation and Farragut Capital Partners invested alongside Spell in the transaction.
About Spell Capital Mezzanine
Spell Capital Mezzanine provides subordinated debt and non-control equity to businesses in a variety of industries across the United States. We finance leveraged acquisitions backed by lower middle-market private equity sponsors, management and family driven ownership transitions, add-on acquisitions, recapitalizations and growth initiatives.
For more information about this transaction, please contact Mark McDonald, Managing Director firstname.lastname@example.org.
About Spell Capital Private Equity
Spell Capital Private Equity is engaged in the acquisition of controlling interests in well-managed, historically profitable industrial manufacturing businesses. We use our deep expertise in acquisitions and financing to collaborate with management and grow the businesses in which we invest – both internally and through add-on acquisitions.