International investment banking firm Madison Street Capital was the financial advisor for the recent transaction, putting together a $4.3 million debt facility for Infiniti HR. The company, which is based in Burtonsville, Maryland and founded in 2008, provides HR and business processing solutions that allow SMBs to hone in on their core operations.
The facility was provided by Oak Street Funding. The transaction was announced by Charles Botchway, CEO of Madison Street Capital, and led by Senior Managing Director, Barry Petersen.
“Access to capital has been the only thing holding us back from taking Infiniti HR to the next level,” Infiniti HR CEO Scott Smrkovski, explained. “This new partnership will allow us to continue to provide innovative solutions to the Franchise and SMB communities.”
President & CEO of Oak Street Funding Rick Dennen added, “As a lender in the insurance space, we are familiar with the complexity of Infiniti HR’s business model. Our expertise, coupled with the strength of Infiniti HR’s management team, and Barry Petersen of Madison Street Capital coordinating the transaction, resulted in a mutually beneficial relationship and funding.”
“Infiniti HR provides a unique service platform in the PEO industry, providing a broader service platform via key direct insurance product provision that has produced very strong growth,” Petersen concluded. “Oak Street’s expertise in providing capital to growth companies with activities in the insurance service sector provides an ideal partner for expansion.”
SOURCE Infiniti HR
Edited by K. Fanning
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