Essex Capital Group arranged a $4.55 million term loan for Jerry Harvey Audio Holdings.
JHA is a manufacturer and distributor of inner-ear monitors, mainly offered for touring musicians and their crew. The company’s founder, Jerry Harvey, has been developing ways for musicians to hear music on stage since the 1990’s, when he engineered the first two-way, custom-fit earpiece for Alex Van Halen. Today, JHA has a dominating share of the professional music industry with an estimated 90% market share.
JHA approached Essex to structure a financing solution after a series of events put a strain on the company’s cash flow.
“You helped to make this dream a reality for our company. I want you to know that the bank also raved about your initial deal package and all of the communication and work throughout the process to get this to the finish line. My Dad and I can’t thank you enough for your amazing support and attention throughout this process,” Jaime Harvey-Penrod, JHA’s CFO, told the Essex team._x000D_
Essex Capital acted as the company’s exclusive advisor in this transaction.
