Essex Capital Group closed a $4.58 million senior debt facility for Protel Communications, d/b/a ProTelesis, a West Coast managed service provider with operations across Utah, California and Arizona.
The debt financing comprised multiple facilities structured to support concurrent strategic initiatives:
- Senior Term Loan: Refinanced existing indebtedness and funded ProTelesis shareholder buyout
- Revolving Credit Facility: Provided enhanced working capital flexibility
- Acquisition Term Loan: Financed the acquisition of AmerX Security
Proceeds were strategically deployed to buyout Protelesis existing shareholders, optimize the company’s working capital and complete the acquisition of AmerX Security, representing ProTelesis’ eighth acquisition since inception.
“We are pleased to have structured a comprehensive financing solution that addressed multiple strategic objectives simultaneously,” Rob Swain, president of Essex Capital Group, said. “This transaction enabled ProTelesis to execute a shareholder buyout while simultaneously closing an accretive acquisition that expands both its service capabilities and geographic footprint into Arizona. The financing structure reflects the company’s strong operational performance and continued growth trajectory in the MSP sector.”
Michael Promotico, CEO of ProTelesis, said, “Essex Capital demonstrated strong financial expertise executing this complex transaction. The strategic alignment with AmerX Security significantly enhances our capabilities. While we have successfully navigated the cybersecurity and data landscape for years, this acquisition allows us to deepen our focus on physical security and access control. We are now positioned to provide our customers with unparalleled end-to-end support in today’s complex business environment.”
Essex Capital Group served as exclusive financial advisor to ProTelesis in connection with this transaction.
