Acumentrics Gains Strength With CapX
Acumentrics, a leader in power supplies, turned to the debt markets to strengthen its balance sheet and improve its capital structure. CapX provided a $3 million senior term loan that refinanced the Company’s existing debt and provided additional growth capital. The new facility positions the Company to exploit significant growth opportunities on both sides of its business.
“CEO Gary Simon and his team, along with the support of lead investor SourceSquared LLC, have established two attractive niche businesses. We have enjoyed working with John Cerulli, CFO, and James Wilson at SourceSquared to provide growth financing for these exciting businesses, and we look forward to an expanding relationship in the future.” – Stephen Healey, Managing Director, CapX Partners.
