Daily News: September 10, 2012

Madison Street Capital Arranges Credit Facility for Five Star

Madison Street Capital acted as the exclusive financial advisor and placement agent in arranging a credit facility for its client, Five Star Employment, Inc., Charles Botchway, CEO of Madison Street Capital announced. Bibby Financial Services provided the credit facility. The transaction was led by Madison Street Capital managing director Lester (Jay) Rodgers. Terms of the deal were not disclosed.

“We are very pleased to have had the expertise of Madison Street Capital in securing a new credit facility that allows us the flexibility to continue to grow our business,” said Pam Valy, president of Five Star. “Their experience, guidance, and contacts enabled us to quickly structure and implement the new facility, and allowed us to take on clients we otherwise would have had to turn away.”

Madison Street Capital VP Brian Gorski noted that the credit facility provides the framework Five Star needed to seize new opportunities for growth and expansion. “This credit facility will provide Five Star with the working capital it requires to continue to provide high-quality service to its growing base of customers in government as well as in the private sector,” Gorski said.

Five Star is a premier provider of temporary staffing services to both the private and public sectors.

Bibby Financial Services is a provider in business cash-flow solutions tailored to small- and mid-sized companies.

Madison Street Capital is an international investment banking firm that provides mergers and acquisitions (M&A) advisory, financial advisory, financing services, valuation services, and operational improvement and restructuring services to public and private businesses as well as asset managers.