AloStar Capital Finance agented a $12 million committed credit facility for Contec, a testing and repair company servicing the cable television industry.
“Our dynamic service offerings cater to a highly responsive and lucrative audience, and AloStar’s commitment to our company is a testament to the substantial growth potential in our industry,” said Hari Pillai, CEO of Contec.
Contec provides electronic repair and cosmetic refurbishment for cable and IP set-top boxes, satellite receivers, modems and other customer premises equipment. It also remanufactures and sells electronic parts for repairing set-top boxes and Wi-Fi internet modems.
“Contec already had a strong history of growth and success, and we were able to help them broaden their exposure to reach even more customers,” said Andy McGhee, president of AloStar Capital Finance.
