Great American Capital Partners (GACP) entered into an agreement with Excel to provide a $25 million senior secured credit facility. Proceeds will be used to refinance existing debt and provide additional liquidity for future acquisitions.

“The Great American team showed remarkable attention to and understanding of our capital needs, responding with a creative financing solution,” said Excel CEO, T.A. “Kip” Hyde, Jr. “Great American’s flexible solution provides us with the necessary growth capital to execute on our strategy of becoming a significant merchant acquirer in the U.S. market.”

John Ahn, president of GACP, commented: “Our industry experience and deep valuation expertise allowed us to demonstrate our ability to help growth companies like Excel Corporation succeed with the advantage of our client-focused mindset and our non-traditional tailored financing solutions. We look forward to building upon our new relationship and working with the Excel team to execute the company’s many growth initiatives.”

Irving, TX-based Excel provides integrated financial and transaction processing services to small and medium size merchants throughout the U.S.

GACP, a division of B. Riley Capital Management, originates and underwrites senior secured loans across a wide array of industries.