LOS ANGELES, Nov. 28, 2016 /PRNewswire/ -- Great American
Capital Partners, LLC (GACP), a wholly owned subsidiary of B. Riley
Financial Inc. (NASDAQ: RILY), has entered into an agreement with
Unified Logistics Holdings, LLC (Unified) to provide a senior
secured term loan to refinance existing debt and provide working
capital.
Unified Logistics is a provider of specialized and complex
freight services to various business segments. The credit facility
will provide the company liquidity to achieve its strategic
initiatives in addition to refinancing its debt.
Geoffrey Davis, CEO of Unified
Logistics commented: "We are very happy and pleased with the
partnership created with Great American Capital Partners.
Great American's creativity and collateral focus enabled it to
provide a financial solution that will allow our company to achieve
its operational objectives."
"The Unified management team is a great example of strong
leadership that has guided the business through multiple economic
cycles," said Bob Louzan, Managing
Director of Great American Capital Partners. "Unified is well
positioned for future growth and provides critical services in an
industry we know well and we're proud to contribute to the overall
performance of the company."
About Unified Logistics Holdings, LLC
Headquartered in Bethesda, MD,
Unified Logistics Holdings, LLC was formed in 2008 and provides
logistical services for oversized and heavy haul loads.
Unified Logistics is comprised of the following business units:
Silk Road Transport, Inc. located in Arkport, NY; McTyre Trucking Company, Inc.
located in Orlando, FL; and Great
Lakes Heavy Haul, Inc. located in Byron
Center, MI.
About Great American Capital Partners, LLC
GACP, a division of B. Riley Capital Management, an SEC
Registered Investment Advisor and a wholly owned subsidiary
of B. Riley Financial, Inc. (NASDAQ: RILY), originates
and underwrites senior secured loans across a wide array of
industries. GACP is dedicated to providing opportunistic and
responsive capital to the underserved middle market.
B. Riley Financial, Inc. is a publicly traded, diversified
financial services company which takes a collaborative approach to
the capital raising and financial advisory needs of public and
private companies and high net worth individuals. The Company
operates through several wholly-owned subsidiaries,
including B. Riley & Co.,
LLC (www.brileyco.com), Great American Group,
LLC (www.greatamerican.com), and B. Riley Capital
Management, LLC (which also includes B. Riley Asset Management
(www.brileyam.com) and B. Riley Wealth Management,
(www.brileywealth.com). The Company also makes proprietary
investments in other businesses, such as the acquisition
of United Online, Inc. (www.untd.com) in July 2016,
where B. Riley Financial, Inc. is uniquely positioned to
leverage its expertise and assets in order to maximize value.
Great American Capital Partners contact:
John Ahn
jahn@gacapitalpartners.com
(310) 689-2215
Robert Louzan
rlouzan@gacapitalpartners.com
(203) 663-5101
Logo - http://photos.prnewswire.com/prnh/20161127/443060LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/great-american-capital-partners-provides-109-million-senior-secured-credit-facility-to-unified-logistics-holdings-300368751.html
SOURCE Great American Capital Partners, LLC