Marco Financial provided an international trade finance facility totaling $9 million to Spectralink Corporation, a Boulder, CO-based portfolio company of Sun Capital Partners and provider of on-site enterprise mobile communication solutions.
The company required additional funding in part to finance production of a new contract with a U.S.-based customer. Marco replaced Spectralink’ s existing factoring facility.
“We were impressed with the Marco team’s experience and their understanding of our business. Their attentiveness and cooperation concerning legal issues and documents were key to a successful transaction. We are excited for this relationship,” Gabe Orvis, CFO of Spectralink, said.
“The professionals at Spectralink were a pleasure to work with and helped complete this transaction seamlessly despite the intricacies of working with foreign entities and laws. We very much appreciate the confidence of management and ownership,” Barry Kastner, executive vice president and senior managing director of Marco, said.
“It gives me a great deal of personal satisfaction when we can assist a company with its growth initiatives. We appreciate the faith that Spectralink and their private equity firm have placed in Marco. From small exporters in Latin and Central America to larger businesses in the U.S. and Canada, Marco provides customized solutions for each client we work with,” Jacob Shoihet, CEO and co-founder of Marco, said.
