Configure Partners, a middle-market investment bank, acted as exclusive financing advisor to Kingswood Capital Management in securing committed debt capital to support the acquisition of Turbo Wholesale Tires, a designer, supplier and wholesaler of proprietary and third-party branded tires nationwide. Configure supported all aspects of the financing process including lender screening, approach to market, transaction structuring and negotiation of the financing-related documentation.
“We are extremely excited about the future of Turbo and our financing partner. Configure managed a very effective financing process and delivered an attractive financing package through shifting market conditions that will allow us to execute on our go-forward strategic plan for Turbo,” Michael Niegsch, partner at Kingswood, said.
“Turbo has a very bright future under its partnership with Kingswood,” Mike Garvin, a managing director at Configure, said. “Kingswood and its operating partners bring extensive leadership and operational expertise that will help the company realize on its significant growth potential. We are thrilled to have played a role in the transaction and believe that the financing demonstrates Configure’s ability to deliver for its clients.”
