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Cole Taylor Business Capital Announces $10.9MM Funding for Atlas Sign

Date: Sep 30, 2013 @ 07:45 AM
Filed Under: Manufacturing

Cole Taylor Business Capital, a division of Cole Taylor Bank, recently announced the funding of a $10.9 million facility for Atlas Sign Holdings, Inc. of West Palm Beach, Florida. The company is a sign manufacturer which provides consulting, design, project management, manufacturing, and installation services to Fortune 500 companies and large multi-location clients nationwide. Proceeds of the facility were used to refinance existing debt and fund ongoing working capital needs.

Vaupen Financial Advisors, a boutique investment banking firm headquartered in Miami, Florida that provides corporate finance and advisory services to middle market clients in the United States, Latin America and the Caribbean, was the financial advisor to Atlas.

Jefferson Capital Partners, a New Orleans, Louisiana-based fund, provided $3 million in mezzanine financing in the transaction. Jefferson Capital Partners provides capital to privately held companies in the Southeastern United States, Texas, and the Midwest.

Cole Taylor Business Capital is the asset based lending division of Cole Taylor Bank. Cole Taylor Business Capital seeks asset based lending opportunities in the $5 million to $50 million range and is offering dedicated syndication opportunities of up to $100 million.

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