SOURCE: ACM Capital Partners

ACM Capital Partners

ACM Capital Partners

June 16, 2009 13:38 ET

ACM Capital Partners, Crestmark Bank Team to Deliver Multi-Million Dollar Asset-Based Loan for Struggling Medical Device Company

MIAMI, FL and TROY, MI--(Marketwire - June 16, 2009) - ACM Capital Partners, a national investment and advisory firm specializing in assisting middle-market companies in transition or distress, and Crestmark Bank, a nationally recognized provider of working capital solutions to small- and mid-sized businesses, today announced they have partnered to deliver a multi-million dollar asset-based loan for a struggling medical device company headquartered in California.

The medical device manufacturer had suffered negative cash flow over the last few years and had been unable to obtain adequate financing. ACM was engaged by the manufacturer and served as its interim CEO and CFO. Randy Paulfus, ACM's Managing Director, said joining forces with Crestmark Bank was a natural fit and helped stabilize the company in the midst of a continuing and unprecedented economic downturn.

"Crestmark's reputation for specialty asset-based lending combined with ACM's expert Financial Practice advisory services helped our client secure much-needed financing at a critical time in its lifecycle," Paulfus said.

Crestmark Bank First Vice President Bob Harbers added, "Crestmark Bank continues to help small- to middle-market companies throughout the country with their working capital needs. As a well-capitalized FDIC-insured bank, we are able to offer unique financing alternatives to a market that currently cannot find solutions at many traditional banks."

Headquartered in Troy, Mich., with regional offices in Florida, Tennessee and Louisiana; and sales offices located in Arizona, California, Georgia, Illinois, New York, Ohio and Texas, Crestmark Bank is an FDIC-insured bank, providing asset-based lines of credit and factoring lines of credit to small- and middle-market companies nationwide. For more information visit www.crestmark.com.

ACM's unique approach focuses on injecting various forms of capital (including financial, intellectual and operational) directly into its client companies. Alongside capital infusion, ACM places a hands-on, seasoned member of each one of its three discipline teams (Executive, Financial and Operational) into each client engagement.

About ACM Capital Partners

Founded and headquartered in Miami, ACM Capital Partners is a national investment and advisory firm specializing in assisting middle market companies in transition or distress. ACM's team of professional advisors has assisted clients ranging from small businesses to Fortune 100 Companies. The ACM team brings decades of experience to every client engagement, and has built a reputation of helping clients create value and provide strategic solutions to both short- and long-term financial issues. For more information please visit www.acmcapitalpartners.com.

Contact Information

  • Contacts:

    Jim Engineer
    e-Rainmaker PR for ACM Capital Partners
    Email Contact
    630.728.1387

    Bob Harbers
    First Vice President
    Crestmark Bank
    Email Contact
    561.833.7006 ext 113