Essex Capital Group arranged a $10 million debt capital raise for Atio USA, a startup aluminium alloy manufacturer based in Clewiston, FL.

When operational, the company will produce aluminium alloy utilizing recycled aluminium scrap to produce high quality special alloys to satisfy expanding demand across the world.

After experiencing the typical capital formation frustrations facing startup enterprises in the U.S., the 100% foreign-owned Atio hired Essex to raise the debt component of the new capitalization.

The company’s principals had contributed a substantial equity investment, funding startup expenses and the purchase of a majority of the needed equipment to operate the plant. More capital was needed, however, to fund additional equipment, shipping, installation and other startup working capital. Essex found a solution for the company that accomplished management’s objective of term debt at a low cost and extended amortization. With this new capital in place, Atio expects to be fully operational within six months.

Essex Capital acted as the company’s exclusive advisor in this transaction.

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