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Essex Arranges $1.9MM Recapitalization for All Craft Marine

March 31, 2016, 07:36 AM
Filed Under: Marine

Essex Capital Group, Inc. announced the firm recently arranged a $1.9 million balance sheet recapitalization for All Craft Marine, LLC dba Century Boats, a 90-year old manufacturer of high quality saltwater fishing boats, ranging in size from 17' to 32'.
Essex restructured the Company's existing debt, providing  additional growth capital in the form of long term debt.  This new capital positions the company to meet increasing demand for its line of boats.   
Fred Brown, CFO of All Craft Marine, commented,  "Essex Capital took the time to visit our business on several occasions and asked all of the right questions, leading them to recommend a qualified lender with the appetite for our fast growing manufacturing business. Bob and Rob were extremely responsive and kept us well informed throughout the entire process. Essex Capital will be our first call for future funding requirements."
Essex Capital acted as the company's exclusive advisor in this transaction.

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