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Stonegate Capital Closes $7MM Revolver for CSI

July 12, 2018, 08:00 AM
Filed Under: Automotive

Stonegate Capital has closed on a $7 million revolving facility for Catastrophe Solutions International, (CSI), a global leader in automobile catastrophe appraisals and repairs. CSI primarily operates in the automotive hail damage industry to provide paintless dent removal services to insurance companies, automotive dealerships and body shops. CSI is majority owned by the Chicago based private investment firm, Concentric Equity Partners, who engaged Rush Street Capital to advise them on the debt raise. Stonegate Capital put in place a flexible facility to help support CSI’s seasonal and international operations.  With the committed backing by both management and Concentric, Stonegate Capital is extremely excited to work with the Company’s dedicated team as they successfully execute their expansion plans.  

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