Chicago/Carlsbad, CA – Madison Street Capital (“MSC”) acted as the exclusive financial advisor in arranging a growth capital credit facility for its client, TMAG Industries, Inc., dba Stellar Solar. The credit facility was provided by Funding Circle. The transaction was announced today by Charles Botchway, CEO of MSC and the transaction team was led by MSC Senior Managing Director Barry Petersen. Terms of the deal were not disclosed.
“It was a great opportunity to work with Steller Solar and CEO Kent Harle. They have built an extremely strong brand in solar installations in Southern California and continue to experience high growth/demand.” “Stellar Solar has nearly doubled in size over the past 12 months and that kind of growth requires capital,” stated Barry Petersen. Barry Petersen and MSC found us the Capital we needed in a structure that I liked. They did the work and allowed me to focus on running our business.” noted Kent Harle, CEO of Steller Solar.
About Stellar Solar Stellar Solar is a leading California residential and commercial PV solar design and installation company, based in San Diego since 1998 and 3,000+ installations, ranging in size from 2kW to 2MW, including notable commercial installations on The Salk Institute, US Foods, Cedars Sinai Hospital and more. Their 5 Star Reviews on Yelp, A+ rating with the Better Business Bureau and high customer ratings on Angie’s list are further testament to their standing as the leading solar provider to homes, businesses and non-profit organizations in San Diego County. Learn more at www.stellarsolar.net
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.
About Funding Circle
Launched in 2010, Funding Circle is sparking a global revolution in the way small businesses access finance, disrupting the traditional model of banking. By bringing together industry leading risk management policies and cutting edge technology, Funding Circle’s proven model strips out the need for inefficient bank processes, enabling businesses to access finance in a matter of days from investors. For more information visit www.fundingcircle.com