NEW YORK (PRWEB) February 25, 2019
The $1,750,000 facility was just funded and provided crucial proceeds to close on the acquisition and is expected to provide ongoing liquidity as Morris Sheet Metal and JTD Spiral continue to implement their growth strategy.
“AECs expertise and flexibility gave us the confidence that AEC understood the unique nuances of the deal and the industry as a whole. It’s this expertise that enabled us to close and fund in the short time the sellers required” said Kent B. Wilson, CEO of Alpine 4. “AEC was singularly focused on providing the right financing solution and their speed and flexibility made the difference.”
“Kent’s years long track record of successfully acquiring, integrating and managing Alpine’s acquisitions gave us the confidence in his ability to execute. “This deal has helped Alpine achieve another milestone in their plans for strategic acquisitions.” said Steven Feldman, Managing Director of AEC. “It gives us a lot of satisfaction when we can help our clients achieve their goals. We are thrilled because our clients are thrilled. Working with Alpine was a pleasure and we look forward to a long and successful be partnership.”
AEC is a commercial finance company which provides working capital financing ranging from $500,000 to $8 million to small and middle market manufacturers, distributors, and service companies nationwide. Based in New York, AEC is committed to helping businesses increase their capacity for business transactions. AEC’s programs provide companies with capital in a fraction of the time it would take to process a loan through the bank and in many cases provide significantly higher proceeds than the traditional factoring companies and asset-based lenders, while taking on assignments the traditional commercial finance market ignores. http://www.advancedenergycap.com.
About Alpine 4 Technologies:
Alpine 4 Technologies, Ltd (OTCQB: ALPP) is a publicly traded conglomerate that is acquiring businesses that fit into its disruptive DSF business model of Drivers, Stabilizers and Facilitators. At Alpine 4, we understand the nature of how technology and innovation can accentuate a business. Our focus is on how the adaptation of new technologies, even in brick and mortar businesses, can drive innovation. We also believe that our holdings should benefit synergistically from each other with the ability to have collaboration across varying industries that spawns new ideas and creates fertile ground for competitive advantages. This unique perspective has culminated in the development of our Blockchain enabled Enterprise Business Operating System called SPECTRUMebos.