Essex Capital Group arranged a $1.9 million balance sheet recapitalization for Allcraft Marine, dba Century Boats, a 90-year old manufacturer of saltwater fishing boats.

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. Essex Capital will be our first call for future funding requirements.”

Tampa, FL-based Essex Capital Group is a corporate finance firm serving small and middle market privately-held companies located throughout the U.S.