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Deal Summary McColl Partners served as exclusive financial advisor to Carolina Wholesale Group in its recent $50 million senior debt raise. Wachovia Capital Finance provided the Company’s asset-based lending facility, and Wachovia Commercial Banking Group provided the senior term loan. John Deering and Scott Werry led McColl Partners’ execution of this transaction.
“Obtaining this financing was an important strategic milestone for Carolina Wholesale and allowed the Company to complete its acquisition of NEAMCO, Inc.,” stated Rob Pinion of Carolina Wholesale. “McColl Partners quickly accessed a broad lender universe and worked diligently to execute a well-run process which ensured the transaction was completed successfully and on schedule.”
“The transaction was completed in four weeks and supplied funding for Carolina Wholesale to continue its impressive growth trajectory,” said John Deering, McColl Partners. “The Company’s new debt facilities provide the flexibility for Carolina Wholesale to increase its geographic footprint and market presence.” About Carolina Wholesale Carolina Wholesale, headquartered in Charlotte, North Carolina, is a leading wholesale distributor of office machines and imaging supplies. As a result of the Company’s dominant brands and national reach, the Company maintains an attractive market share in a number of key product offerings. Carolina Wholesale’s suppliers include Hewlett-Packard, Lexmark, Xerox, and Canon.
About McColl Partners McColl Partners is an independent investment banking firm specializing in the needs of management and owners of middle-market companies. With significant experience working with entrepreneurs, family-owned businesses, public companies, private equity groups, and divisions of larger companies, the firm is dedicated to offering strategic advice and assistance to its clients regarding mergers and acquisitions and private capital raising assignments.
To learn more about our expertise in private capital raising, please contact John Deering at 704-333-0574. More information about McColl Partners can be found at www.mccollpartners.com.
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