For Immediate Release
Evanston Public Relations
M. (1) 224.420.2977
Madison Street Capital Advises InteriorMark on Credit Facility
New Credit Faculty will Assist Leading Furniture Retailer in Financing Strategic Growth Initiatives in 2015
Chicago/Golden, CO – March 2015 -- Madison Street Capital (“MSC”) acted as the exclusive financial advisor in arranging a credit facility for its client, InteriorMark, LLC. The credit facility was provided by Grenville Strategic Royalty Corp (Grenville), a royalty-based finance company. The transaction was announced today by Charles Botchway, CEO of MSC and the transaction team was led by MSC Senior Managing Director Reginald McGaugh.
“We are extremely pleased with the team at Madison Street Capital,” said Peter Goldstein, Co-Founder & CEO of InteriorMark. “After recently engaging Madison Street Capital, we worked closely with Reginald McGaugh, who found a capital solution in a short period of time that will allow us to complete some significant strategic initiatives in 2015.”
InteriorMark is a leading e-commerce furniture retailer with a customer driven focus to include quality and innovative design. The company launched its own brand of industry leading theater seats called Octane Seating. The Company is a strategic partner of Best Buy, with its products featured in more than 400 U.S. stores and is scheduled to launch Octane Seating in Best Buy Canada in 2015.
“I was very impressed with Madison Street Capital during this whole process,” said Bruce Tucker, Co-Founder & President of InteriorMark. “Reginald and his team are extremely professional and they developed a solution to address our immediate needs, we look forward to a long lasting relationship with Madison Street Capital.”
“I am very impressed with the ecommerce platform that InteriorMark has developed and their Octane Seating brand is phenomenal,” said Reginald McGaugh. “It was a pleasure to work with Mr. Goldstein, Mr. Tucker and their entire team during this capital raise.”
Founded in 2007, InteriorMark was formed based on an unmet need for e-commerce sales of furniture and accessories. The Company crafted a sophisticated business plan to meet this need with competitively priced, high-quality products showcased in an attractive, scalable, and highly intuitive shopping platform. The Company is a strategic partner of Best Buy with its products featured in more than 400 stores nationwide. The Company formed its own brand of furniture in March 2014 and has seen phenomenal results. Our most popular website properties include the following links below: www.octaneseating.com , www.theaterseatstore.com and www.sofasandsectionals.com.
What started as a conversation between two successful entrepreneurs in 2012, has today become one of the fastest growing royalty-based finance companies in Canada. Grenville provides alternative financing to a diversified landscape of private and public businesses in North America. Servicing the gap between traditional debt and equity sources of capital, our approach is to deliver non-dilutive capital and positively impact the financial position of the businesses we engage. We call this Capital Simplified. Key to our Capital Simplified model is you – the business builder! The Grenville model is built on your success, whether you are an entrepreneur, a member of a family owned business or the CEO of a publicly traded company, your track record of financial performance is the focus of our due diligence process. Our investment structure is free of covenants, security, board seats or other forms of external control. From our initial meeting to funding, the Grenville team can typically close a transaction in 30 days. Please visit our website at www.grenvillesrc.com.
About Madison Street Capital, LLC:
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.