Daily News: March 31, 2015

Wells, Hawthorn Lead Ice Mobility Growth Capital Raise

Intrepid Investment Bankers (Intrepid), a leading middle market investment bank, announced a $65 million debt and equity growth capital raise for its client Ice Mobility, a national distributor of wireless products and a leading provider of supply-chain solutions. The transaction was led by Wells Fargo Capital Finance, the bank’s unit focused on asset-based lending, and Hawthorn Equity Partners, a growth-oriented private equity firm based in Toronto.

“We were delighted with the results Intrepid’s bankers delivered. Their industry experience, creativity and perseverance guided us through an extremely complex transaction. In addition, they secured excellent financial partners for us, who are interested in helping the company grow and meet our aggressive business plan,” said Mike Mohr, CEO of Ice Mobility.

“Although Ice Mobility is a relatively new company, we’ve known the senior executives for nearly two decades and have witnessed their extraordinary business success in the wireless distribution business,” said Mike Rosenberg, senior managing director at Intrepid. “We’re confident they will match that same success at Ice Mobility.”

“Ice Mobility’s management team is well-respected in the industry and they’ve done a great job of building an organization that provides value-add services which help retailers increase efficiency and product sales,” commented Tristan Snyder, Head of the Digital Media & Technology practice at Intrepid. “We’re thrilled that we were able to find the right capital partners to help them embark on this next phase of growth.”

Ice Mobility provides a variety of services to large and small retailers alike, including planning, procurement, marketing, forward and reverse logistics, and reporting.

Intrepid Investment Bankers is a specialty investment bank.