Candlewood Partners is pleased to announce that it served as the exclusive financial advisor to Vendors Exchange International, LLC, to complete several separate but related transactions.
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 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.
“The Candlewood team was critical to the success of this transaction. Their involvement allowed me and my management team to focus on running the business while they drove the deal process forward. When obstacles were encountered, the Candlewood team was always available and prepared with creative solutions that were agreeable to all parties and led to a positive result for everyone involved in the transaction.”
– Matt Shene, CEO, Vendors Exchange International, LLC
About Vendors Exchange International, LLC
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.
About Candlewood Partners
Candlewood Partners is a Cleveland and New York-based boutique investment bank and advisory firm. Since 2001, Candlewood has supported the needs of middle market companies worldwide, successfully tackling complex engagements that others cannot.