Capital Solutions Closes Financing for Sponsored Purchase of Medical Transport Company
The Capital Solutions Group (“Capital Solutions”) announces the closing of a financing for Express Medical Transporters (“EMT” or “The Company”), a leading provider of non-emergency medical and student transportation services based in St. Louis, Missouri. With 10 locations in seven states, EMT is a nationally recognized provider of ambulatory, para-lift, and stretcher transportation services to city, county and federal agencies, hospitals, school districts, nursing homes and other institutions with special-needs clientele.
In conjunction with the financing, EMT was acquired by investors led by The Firefly Group (“Firefly”). Capital Solutions acted as financial advisor to Firefly.
“We were very pleased to represent the sponsors at Firefly,” commented Bob Kosian, Partner, who led the engagement for Capital Solutions. “Given the capital intensive nature of this rapidly growing business, we advised the sponsors to go to market with a mezzanine structure with an unfunded revolver for additional liquidity.” Dirk Davidson, Managing Director and head of our Chicago office also worked on the engagement.
“Capital Solutions provided valuable leadership in identifying and structuring the financing to support this transaction,” said Mark Sneider, co-managing partner of Firefly and head of its St. Louis office.
If you are a private equity sponsor or owner of a closely-held business with a complex situation to finance, please contact any of the Capital Solutions professionals listed on our website to learn how we can add value to your company’s financing.
About The Capital Solutions Group: We provide creative financial advisory services to closely-held Companies, Private Equity firms, and Lenders in the Middle Market. Our services include: Debt Capital Raising, Recapitalizations, Financial Restructurings, and selected M&A assignments. Since our founding in 2009, we have advised on over $1.2 billion in debt issuance, financial restructuring, and strategic advisory assignments; these transactions have been executed primarily for private equity sponsored companies. For more information about our firm and our services, see our website at: www.TheCapitalSolutions.com.
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