Chicago, IL/Burtonsville, MD – Madison Street Capital (MSC), an international investment banking firm, acted as the exclusive financial advisor in arranging a debt facility for Infiniti HR. Founded in 2008 and headquartered in Burtonsville, Maryland, Infiniti HR is a provider of human resource (HR) and business process solutions that better enable small and medium-sized businesses to focus on their core operations. The facility was provided by Oak Street Funding.
The transaction was announced by Charles Botchway, CEO of Madison Street Capital and led by Senior Managing Director, Barry Petersen.
“Access to Capital has been the only thing holding us back from taking Infiniti HR to the next level. This new partnership will allow us to continue to provide innovative solutions to the Franchise and SMB communities.” Scott Smrkovski, CEO Infiniti HR
“As a lender in the insurance space, we are familiar with the complexity of Infiniti HR’s business model. Our expertise, coupled with the strength of Infiniti HR’s management team, and Barry Petersen of Madison Street Capital coordinating the transaction, resulted in a mutually beneficial relationship and funding” stated Rick Dennen, President and CEO of Oak Street Funding.
Barry Petersen noted, “Infiniti HR provides a unique service platform in the PEO industry, providing a broader service platform via key direct insurance product provision that has produced very strong growth. Oak Street’s expertise in providing capital to growth companies with activities in the insurance service sector provides an ideal partner for expansion.”
About Madison Street Capital
Madison Street Capital is an international investment banking firm committed to integrity, excellence, leadership and service in delivering corporate financial advisory services, merger and acquisition expertise, financial opinions, and valuation services to publicly and privately held businesses. These services position our clients to succeed in the global marketplace. In undertaking each new project, the client’s goals and objectives become ours, ranging from financial advisory and successful capital raises to M&A transactions to transfers of ownership. Madison Street Capital views emerging markets as the core component driving the global growth of our clients, and will continue to focus significant assets on these markets. Our firm has earned the trust of clients around the world through our unwavering dedication to the highest levels of professional standards. For additional information, please visit our website at www.madisonstreetcapital.com
About Infiniti HR
Infiniti HR is a provider of human resource (HR) and business process solutions that better enable small and medium-sized businesses to focus on their core operations. By partnering with Infiniti, clients are better positioned to navigate increasingly complex employment related matters. This helps clients meet federal and statutory obligations related to human resource administration, payroll processing, employee benefits, as well as risk management and safety compliance. For more information visit https://infinitihr.com/
About Oak Street Funding
Indianapolis-based Oak Street Funding, a First Financial Bank company, provides commercial financing for financial service businesses and third-party loan servicing for financial institutions. Oak Street Funding utilizes industry knowledge, proprietary technology and passion to deliver top-quality service and capital products to finance services professionals nationwide. For additional information, visit www.oakstreetfunding.com
For Media Inquiries
Courtney Fitzpatrick, Head of PR, (512) 888-2502
For Investment Banking Inquiries
Kevin Owen, Director and Head of Deal Origination Group, (312) 529-7000
#