Attract Capital is pleased to announce that it has closed a financing transaction for its client San Antonio Broker Services, Inc., a trucking and logistics company based in North Bergen, New Jersey. San Antonio is owned by Mr. Michael Miqueli, an accomplished trucking industry executive. The Company is a nationally recognized, award winning company having received the NJ Small Business Award of the Year in New Jersey and having been designated one of the fastest growing company in the US by Inc. Magazine. The financing was provided by M&T Bank. This is the second financing transaction that Attract Capital has assisted San Antonio with. We wish San Antonio the best of luck in their continued success.

As the Fed decides to ease interest rates, middle market acquisition financing structures will benefit in a number of ways. The underlying values of middle market companies will increase leading to a higher enterprise value and lower loan to value ratios for existing portfolio companies of acquisition financing lenders.

The role of acquisition financing is infrequently elevated above a functional transactional one. When a business needs financing to acquire, they go to the market and source acquisition financing to supplement their equity investment to close the deal. Despite existing in many different forms, acquisition financing is rarely explained in terms of the value it brings to the acquirer.

Acquisition financing underwriting usually focuses on business and financial issues that underpin the stability of cash flow. Providers of acquisition financing usually validate the durability of a company’s competitive advantage and the depth of its resource base. Environmental issues are usually not a major part of the analysis in today’s service and technology-based economy.

Closed a financing transaction for San Antonio Broker Services, Inc.

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