Marquette Closes Refinancing for Support Services of America
Marquette Business Credit said it closed a senior debt refinancing for Support Services of America under an $8 million Revolver and Cash Flow Term Loan Facility to support working capital and future growth. FocalPoint Securities served as SSA’s exclusive financial advisor on the transaction.
SSA is a provider of janitorial and facilities maintenance services to a variety of industries and clients including Fortune 1000 companies, healthcare providers, retailers, business institutions and federal customers nationwide.
Alex Fortunati, founder and CEO of SSA said, “We are delighted to close this transaction with Marquette Business Credit, and I am hopeful that with our new lending partner, we will continue on our proven path of success. FocalPoint ran a highly competitive process to identify the best possible senior lender for SSA, and in Marquette we have found a lender who understands our business. The FocalPoint team demonstrated tremendous resolve and market savvy to bring this deal to a successful close, and we are excited to work with them as trusted advisors in the years to come.”
Thomas Mills, managing director at FocalPoint commented, “Marquette has proven itself to be a cooperative and creative lender for middle-market businesses, and we are excited to bring them together with SSA. This transaction represents another successful financing for FocalPoint’s debt placement practice, and demonstrates our ability to run effective capital placement processes to drive successful outcomes for our clients.”