FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

Configure Partners Advises Kingswood on its Acquisition Financing for Turbo Wholesale Tires

November 30, 2022, 07:00 AM
Filed Under: Automotive

Configure Partners, a leading middle-market investment bank, announced its role as exclusive financing advisor to Kingswood Capital Management, LP in securing committed debt capital to support the acquisition of Turbo Wholesale Tires, Inc. , a leading designer, supplier, and wholesaler of proprietary and third-party branded tires nationwide. Configure supported all aspects of the financing process including lender screening, approach to market, transaction structuring, and negotiation of the financing-related documentation.

“We are extremely excited about the future of Turbo and our financing partner. Configure managed a very effective financing process and delivered an attractive financing package through shifting market conditions that will allow us to execute on our go-forward strategic plan for Turbo,” said Michael Niegsch, Partner at Kingswood.

Mike Garvin, a Managing Director at Configure, commented, “Turbo has a very bright future under its partnership with Kingswood. Kingswood and its operating partners bring extensive leadership and operational expertise that will help the Company realize on its significant growth potential. We are thrilled to have played a role in the transaction and believe that the financing demonstrates Configure’s ability to deliver for its clients.”










Week's News



Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.