FGI announced three recent transactions completed by FGI’s three groups with AND Group, Sam Salem and Son, and Triton.
FGI Finance provided the funding to complete a management buyout of AND Group, a provider of global satellite services, and simultaneous merger with Satcom. FGI established a credit facility to fund the growth of the newly formed entity, Broadband Satellite Services, leveraging both domestic and international receivables.
FGI Risk obtained a credit insurance policy for Sam Salem and Son, a New York-based linen manufacturer, at a lower price than the company’s previous plan, with more coverage and a lower deductible.
FGI Capital secured an asset-based credit facility that allowed Triton, a manufacturer of ATMs and ATM management software, to pay off its existing lender and provide working capital needed for continued growth.