Spell Capital Announces Smartlink Investment
Spell Capital Mezzanine announced a $5.5 million subordinated debt investment in Smartlink to support a debt refinancing. Kemper and Farragut Capital invested alongside Spell in the transaction.
“We are excited about the opportunity to partner with the management team,” said Mark McDonald, managing director at Spell. “Smartlink operates in a very attractive niche sector that is a critical outsourced function in the wireless industry.”
“Smartlink’s business is driven by the strong relationships we build,” said Bill Scott, CFO at Smartlink. “We value the expertise Spell brings to the table and hope for future opportunities to partner with their team.”
Annapolis, MD-headquartered Smartlink provides staffing and services to the communications industry.