Vendors Exchange International, LLC

Vendors Exchange International, LLC logo

Company Background:

Founded in the 1950s in Cleveland, OH as a technology-driven vending machine refurbishment business, Vendors Exchange International, LLC today is a leader in the development and distribution of value-based innovative products for the vending market. The company offers a suite of products incorporating the latest technology for vending management, remote operation and touchless solutions. The Company continues to serve the existing free-standing machine market as well as the newer independent micro market segment for owners and operators across the country.

Services Provided:

Capital Structuring

Situation

Vendors Exchange International was seeking to recapitalize the business while simultaneously transitioning from a historically family-led company to an independently led commercial business.

Transaction Overview

Candlewood Partners served as the exclusive financial advisor to complete several separate but related transactions. Candlewood arranged both a revolving line of credit and a RE supported term loan with the proceeds being used to refinance the company’s existing revolving senior lender and to provide the company with sufficient working capital to support anticipated growth.

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Candlewood Partners, LLC

Established 2001

Cleveland Office: (216) 472-6660

600 Superior Ave. East, Suite 1800

Cleveland, OH 44114

New York Office: (212) 655-9310

477 Madison Avenue, Suite 600

New York, 10022

Securities offered through Candlewood Securities LLC, Member FINRA, Member SIPC. Check the background of this firm on FINRA’s Broker Check.

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