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PHILADELPHIA, July 11, 2019 (GLOBE NEWSWIRE) -- Phoenix Capital Resources (“Phoenix”), a leading middle market special situations investment bank, acted as the exclusive financial advisor and investment banker to Action Ambulance (the “Company”) in arranging, structuring, and negotiating a $6.4 million refinancing. Using a combination of traditional senior and alternative debt, Phoenix was able to secure $6.4 million in committed facilities.
Action Ambulance is a 40+ year old ambulance and specialized transportation service company located in New England. Since its founding, the Company has grown from providing primarily paramedic services to providing non-emergency transportation, chair-car and paratransit services as well. Action Ambulance provides emergency services in nine communities and services a multitude of organizations including, but not limited to, municipalities, hospitals, and nursing homes.
Phoenix Capital Resources was engaged by Action Ambulance to refinance the Company’s existing credit facilities and secure additional working capital to finance ongoing operations and future initiatives for growth. Throughout the marketing process, several potential partners were solicited including both traditional and alternative lenders. The refinancing effort was led by Joseph Nappi, Senior Managing Director at Phoenix Capital Resources. “Phoenix is pleased that the new financing will provide our client with a solution that meets the objectives of the Company and provides additional capital to support continued growth,” commented Mr. Nappi.
For over 30 years, Phoenix has provided smarter, operationally focused solutions for middle market companies in transition. Phoenix Management Services® provides turnaround, crisis and interim management, and specialized advisory services for both distressed and growth-oriented companies. Phoenix Transaction Advisory Services® provides quality of earnings, operational diligence, Quality of Enterprise®, management/organizational reviews, business integration, sell-side business preparation and other transaction related support. Phoenix Capital Resources® provides seamless investment banking solutions including M&A advisory, complex restructurings, and capital placements. Phoenix Capital Resources is a U.S. registered broker-dealer and member of FINRA and SIPC. Proven. Results.®
If you would like to learn more about this specific transaction or Phoenix, please contact Joseph Nappi at 617-360-3600 or visit http://www.phoenixmanagement.com/, http://www.phoenixcapitalresources.com/ or http://www.phoenixmanagement.com/phoenix-transaction-advisory-services/overview.
Contact: Jessica Zwirzina