$10MM in New Commitments | Client Success | New Hire
Aegis Business Credit continues to assist lower middle market companies as the economy rebounds. Aegis closed several new transactions in recent months that helped businesses expand operations and complete acquisitions. Aegis provided a $3,500,000 facility to an industry leading manufacturer of cleaning equipment as well as a $3,000,000 facility to a technology-enabled metal brokerage company. Aegis’ $3,500,000 facility to a distributor of medical textbooks helped the new management team execute on a critical acquisition of a complementary technology business.
Aegis is also pleased to share a success story of a long-standing innovative server provider in the multi-family industry. A variety of flexible working capital and bridge loans assisted in providing a 75%+ annual growth rate to the company. In Q1 of 2021 the company attracted numerous investors leading to a $10MM Series A funding round.
Additionally, Michael R. Persichini joins the Aegis team as Executive Vice President, Director of Sales and Partnerships. Mike is an experience executive specializing in providing working capital solutions to growing businesses with over 20 years of experience in commercial finance.
Download the full announcement: Aegis Announcements — 4.27.2021