Madison Street Arranges Credit Facility Seville Staffing
Madison Street Capital (MSC) acted as the exclusive financial advisor and placement agent in arranging a credit facility for its client, Seville Staffing, LLC, Charles Botchway, CEO of MSC, announced. Bibby Financial Services provided the credit facility. The transaction was led by Madison Street Capital managing director Lester (Jay) Rodgers. Terms of the deal were not disclosed.
“We are very pleased to have had the assistance of Madison Street Capital in securing working capital to meet needs created by the largest contract our company has ever been awarded,” said Seville Staffing president Janet Sloan. “Their experience, guidance and contacts enabled us to open two new branches, making the necessary capital investment and staffing expansion to better serve our clients.”
Madison Street Capital vice president A.J. Dhingra said the credit facility will enable Seville Staffing to continue its expansion in providing staffing services on a statewide basis. “This credit facility will provide Seville Staffing with the working capital it requires to continue to provide high-quality service to its growing base of customers in both the public and private sectors,” he said. “Seville Staffing continues its strong growth as one of the leading workforce solutions providers in Illinois.”
Seville Staffing is a full-service, client-focused workforce solutions provider established in 1979. The company provides temporary, temp-to-hire, and permanent placement and staffing services to both public and private clients.
Bibby Financial Services is a provider in business cash-flow solutions to small- and medium-sized companies.
Madison Street Capital is an international investment banking firm providing mergers & acquisitions (M&A) advisory, financial advisory, financing services, valuation services, and operational improvement and restructuring services to public and private businesses as well as asset managers.