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