Essex Capital Group arranged a $4.5 million term debt capital raise for All Craft Marine, d/b/a Century Boats, a family-owned boat manufacturer headquartered in Zephyrhills, FL.

Fred Brown, Century Boats CFO said, “Our new designs have been extremely well received by our dealer network, and the opportunity to add new dealers as well as meet steadily increasing demand from existing dealers had strained our working capital. Having closed a balance sheet recapitalization in early 2016 with Bob and Rob at Essex, we called them again to enhance our capital position. Essex responded as expected with a creative long term solution that should allow Century Boats to finance foreseeable growth.”

Essex Capital acted as the company’s exclusive advisor in this transaction.