The Boathouse Group Announces Refinancing

Posted on June 29, 2017 in Recent News
Boathouse CDB SPTC Park Sterling Financing - Web Tombstone

FOR IMMEDIATE RELEASE
June 29, 2017

Richmond, VA – Transact Capital Partners is pleased to announce that The Boathouse Group, a Richmond, VA, restaurant group, has acquired new financing in the amount of $6,100,000 from Park Sterling Bank.  This amount will finance the construction of the new Casa Del Barco location at Short Pump Town Center, as well as a total refinancing of all prior outstanding debt.  Transact Capital Partners served as the exclusive financial advisor to The Boathouse Group.  George Sydnor advised The Boathouse Group.

The Boathouse Group was founded by its Owner/Operator Kevin Healy. Over its 25 years, it has grown to six locations in the Greater Richmond area.  The Company’s two brands, The Boathouse and Casa Del Barco have continually received consistent accolades of recognition at the local and national levels for their food, facilities, and quality of service. Transact Capital is proud to have partnered with The Boathouse Group on this and four previous financing engagements.

Kevin Healy commented on the fifth consecutive successful financing arranged by Transact Capital: “Thanks and a good job by both George Sydnor and Patrick Brown; having confidence in your ability to help me find the financing allows me the possibility to ‘dream’ and to turn those dreams into reality.”

Robert Leitch of Park Sterling Bank added: “It has been our pleasure to work with Kevin Healy and the Transact Capital Team of George Sydnor and Patrick Brown. The Boathouse Group not only features outstanding restaurants, but is a very well managed business.”

George Sydnor said: “Kevin Healy and The Boathouse Group have been a pleasure to work with. I am excited for the new Casa Del Barco location and I am very pleased with the successful culmination of this financing initiative.”

Transact Capital Partners is a full-service mergers and acquisitions advisory, business brokerage, and valuation firm headquartered in Richmond, VA, with offices in Roanoke, VA, Lexington, KY, and Orlando, FL.  Transact focuses on the needs of privately held companies in the lower middle market with enterprise values under $100 million.  With extensive experience in owning, running, and investing in private companies or divisions of public companies, the firm’s principals are able to assist many business owners exit their companies or explore other opportunities.  Securities and investment banking transactions are offered through Transact Capital Securities, LLC.  Member FINRA and SIPC.

To learn more about this transaction, or Transact Capital Partners, please call George Sydnor at 540-397-3019 (George@TransactCapital.com) or contact Steve Zacharias at 804-612-7102 (Steve@TransactCapital.com).  Additional information about Transact Capital Partners can be found at www.TransactCapital.com.

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