Awards and Honors, Business, Free News Articles

iEmergent CEO Laird Nossuli named to MPA’s 2023 list of Elite Women in Mortgage

DES MOINES, Iowa -- iEmergent, a forecasting and advisory services firm for the financial services, mortgage and real estate industries, announced today that CEO Laird Nossuli has been named to Mortgage Professional America (MPA) magazine's 2023 list of Elite Women in Mortgage.

Nossuli was recognized for helping lenders grow market share more inclusively using iEmergent's groundbreaking Mortgage MarketSmart platform, an innovative solution that accurately and reliably forecasts demographic, economic and housing market trends at the neighborhood level. By effectively mapping the movement and growth of homebuyer segments, including diverse communities, it empowers lenders with vital intelligence to better serve their markets.

The transformative impact of Nossuli's work is evident in the results achieved by iEmergent's clients. For instance, one financial institution saw a 125% increase in lending to African Americans and significant overall growth within 12 months of implementing Mortgage MarketSmart. Another mortgage company in the mid-Atlantic saw its market share in majority Black and Hispanic census tracts steadily increase each month it used MarketSmart, helping it move from the #14 overall lender to the #11 overall lender in its market in only four months. Nossuli's commitment to driving industry change and meeting the home financing needs of underserved minority markets is further exemplified by initiatives such as DIVERSIFi, created in collaboration with the National Association of Minority Mortgage Bankers of America (NAMMBA), and her involvement in the Mortgage Bankers Association's CONVERGENCE initiative.

"I am honored to be recognized in this fashion among an exceptional cohort of Elite Women in Mortgage," said Nossuli. "This award is a testament to our entire team's commitment to helping lenders grow through market intelligence that illuminates overlooked business opportunities in any market, many of which are found in diverse communities that have a need for better access to financial services."

For a full list of winners, visit https://www.mpamag.com/us/best-in-mortgage/female-leaders-in-mortgage-elite-women-2023/449870.

About iEmergent:

Founded in 2000, iEmergent provides mortgage lending forecasts and analytics to the lending, housing and real estate industries. The company offers an extensive variety of forecast and market intelligence products, including Mortgage MarketSmart, a visualization tool that helps lenders quantify how mortgage markets will change. For more information, visit https://www.iemergent.com.

Related link: https://www.iemergent.com

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Awards and Honors, Business, Free News Articles

Eckhardt Receives Edward Jones Award for Exceptional Achievement in Building Client Relationships

COLORADO SPRINGS, Colo. -- Keith Eckhardt, an Edward Jones financial advisor in Colorado Springs, CO, recently received the firm's exclusive Soar to Success Award for exceptional achievement in building client relationships within his first five years as a financial advisor. He was one of only 1,122 financial advisors firmwide to receive this award.

"It's an incredible honor to be recognized for the work I do, work I truly enjoy," Eckhardt said. "When I'm able to help my clients set the stage financially to live their best lives, it is personally and professionally rewarding. I'm motivated to make a positive impact for my clients and in this community."

Eckhardt has been an Edward Jones financial advisor for 2 years.

The Soar to Success award was presented to Eckhardt at the Edward Jones regional meeting in Snowmass Village, CO.

The Edward Jones branch−office business model, with more than 15,000 branches throughout North America, allows the firm's nearly 19,000 financial advisors to identify what matters most to each individual client and create personalized strategies, with the goal of developing long−lasting relationships to help keep them on track toward their goals.

Keith Eckhardt and his branch team can be reached at 719−578−5833. The team includes Barbara Ball, Branch Office Administrator.

You may also visit Eckhardt's website at https://www.edwardjones.com/us-en/financial-advisor/keith-eckhardt

Edward Jones is a leading financial services firm in the U.S. and through its affiliate in Canada. The firm's nearly 19,000 financial advisors serve more than 8 million clients with a total of $1.7 trillion in client assets under care at the end of March 2023. Edward Jones' purpose is to partner for positive impact to improve the lives of its clients and colleagues, and together, better our communities and society. Through the dedication of the firm's approximately 52,000 associates and our branch presence in 68% of U.S. counties, the firm is committed to helping more people achieve financially what is most important to them. The Edward Jones website is at edwardjones.com, and its recruiting website is careers. edwardjones.com. Member SIPC.

RELATED LINKS:

https://www.visitcos.com/

https://www.edwardjones.com/us-en

Related link: https://www.edwardjones.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Real Estate, Reports and Studies

Down Payment Resource Reports on Homebuyer Assistance Programs for People with Disabilities for Disability Pride Month

ATLANTA, Ga. -- In celebration of Disability Pride Month, Down Payment Resource (DPR) has issued a report on the 23 U.S. homebuyer assistance programs that are specifically designed to support people with disabilities and their family caregivers on their journey towards homeownership. While people with disabilities may be eligible for any of the 2,300-plus U.S. homebuyer assistance programs, this report sheds light on programs specially developed to promote accessibility and inclusivity for aspiring homeowners with disabilities.

For many people with disabilities, the dream of homeownership can feel out of reach. Financial limitations due to reduced employment opportunities or the need for additional support services and difficulty finding accessible housing are just a few common challenges.

An analysis of the 23 programs showcases the range of assistance available to promote homeownership for people with disabilities:

* Financial Assistance Range: The programs offer homebuyer assistance ranging from $10,000 to $109,986.

* Availability: The programs are offered in 12 states across the country.

* Family Caregiver Support: 11 programs specifically extend assistance to family caregivers of disabled individuals, recognizing their crucial role in the homeownership process.

* Accessibility Modifications: Funding from four programs can be utilized to support accessibility modifications, ensuring homes are tailored to the unique needs of individuals with disabilities.

* Layered Assistance: 14 programs can be combined with other homebuyer assistance programs, providing individuals with additional financial support and resources.

* Program Types: The homeownership assistance programs encompass various types, including four affordable first mortgages, 12 silent second mortgages, three soft seconds, one grant, one voucher program, one combined assistance program and one below market rate (BMR)/resale restriction program.

* Forgivable Programs: Four of the programs offer forgivable assistance, provided that all program conditions, such as owner-occupancy, are met, further alleviating financial burdens for aspiring homeowners.

"Homeownership provides individuals with disabilities and their caregivers with greater independence and empowerment," said Down Payment Resource founder and CEO Rob Chrane. "It allows them to have control over their living environment, make decisions regarding accessibility modifications and customize their homes to meet their unique needs. This autonomy fosters self-confidence, dignity and a greater sense of belonging within the community."

"My hope is that this report will raise awareness about the available programs that provide vital support to those who need it most," continued Chrane. "By promoting accessibility and inclusivity, we can help individuals with disabilities and their family caregivers unlock the door to homeownership and all the benefits it brings."

Select homebuyer assistance programs for people with disabilities are profiled at https://downpaymentresource.com/professional-resource/disability-pride-spotlight-on-homebuyer-assistance-programs-for-people-with-disabilities/.

Individuals can search for their homebuyer assistance program eligibility for free at https://downpaymentresource.com/are-you-eligible/.

Methodology:

DPR produced homebuyer assistance program findings by analyzing its DOWN PAYMENT RESOURCE® database for programs with incentives for people with disabilities. The DOWN PAYMENT RESOURCE® database tracks the funding status, eligibility rules and benefits of all U.S. homebuyer assistance programs using data sourced from more than 1,200 housing finance agencies (HFAs), municipalities, nonprofits and other housing organizations. Homebuyer assistance programs of all types are tracked, including down payment and closing cost assistance, Mortgage Credit Certificates and affordable first mortgages.

About Down Payment Resource:

Down Payment Resource (DPR) is an award-winning technology provider helping the housing industry connect homebuyers with the homebuyer assistance they need. With tool sets tailored for real estate agents, multiple listing services and mortgage lenders, DPR's technology empowers housing professionals to make affordable home financing opportunities more accessible while growing business and forging referral partnerships. The only organization to track the details of every U.S. homebuyer assistance program, DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises, think tanks and trade organizations seeking to improve housing affordability. Its technology is used by five of the top 10 retail mortgage lenders by volume, three of the four largest real estate listing websites and 500,000 real estate agents. For more information, visit https://downpaymentresource.com/.

Related link: https://www.downpaymentresource.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Reports and Studies

Monthly Lock Volume Increases 31% in Latest MCT Indices Report

SAN DIEGO, Calif. -- Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, reported today a 31% increase in lock volume in June. Visit MCT's website to download the full report.

The increase in June's lock volume activity, which is based on actual locked loans, comes after a 15% drop in May's total lock production.

"We saw originations towards the end of May slow down, so this is likely a summertime pickup in originations," said Andrew Rhodes, Senior Director and Head of Trading at MCT. "Rates, housing supply, and affordability will continue to be the forces behind the lack of new originations."

While the meeting minutes from June's decision to pause hikes show some disagreement, additional rate hikes are expected and may continue to keep origination volume at a new normal.

"The current commentary coming from the Fed puts the market on its heels as there is a potential for another two rate hikes this year," said Rhodes. "With this new narrative, rates will continue to push higher especially if we see another strong labor market read coming out on Friday."

This month's MCT Indices also shows a nearly 8% drop in total lock volume from this time last year. After hitting lows at the beginning of the year for purchase, rate/term refinance, and cash out refinance, each production type continues to creep slowly upward.

As we look into the future, economic reports will continue to have a big impact on the Fed's decision making and market movements.

"If labor markets cool off, that could give the Fed a reason not to raise rates in July," Rhodes continued. "This would provide a nice bounce in the markets, but I'm not holding my breath."

MCT's Rate Lock Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from our national footprint.

Download report at: https://mct-trading.com/press-release/july-mct-lock-volume-indices-report/

About MCT:

Founded in 2001, Mortgage Capital Trading, Inc. (MCT) has grown from a boutique mortgage pipeline hedging firm into the industry's leading provider of fully integrated capital markets services and technology. MCT offers an array of best-in-class services and software covering mortgage pipeline hedging, best execution loan sales, outsourced lock desk solutions, MSR portfolio valuations, business intelligence analytics, mark to market services, and an award-winning comprehensive capital markets software platform called MCTlive! MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes. Headquartered in San Diego, California, MCT also has offices in Philadelphia, Healdsburg, and San Antonio. MCT is well known for its team of capital markets experts and senior traders who continue to provide the boutique-style hands-on engagement clients love.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Related link: https://mct-trading.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Awards and Honors, Business, Free News Articles

Financial Advisor Mike Biehl Receives Edward Jones Spirit of Caring Award

COLORADO SPRINGS, Colo. -- Mike Biehl, an Edward Jones financial advisor in Colorado Springs, CO recently received the firm's exclusive Spirit of Caring Award for 2023, designed to recognize those financial advisors who exemplify the values, culture and spirit of giving back.

Mike Biehl has demonstrated unyielding dedication to giving back, which has positively impacted his clients, colleagues and community. The award is given to only one financial advisor in each of the firm's 326 regions and is determined by a vote of his peers.

"Edward Jones is a partnership. That structure is not just financial, it's a philosophy," Biehl said. "We work together, help each other and all share in the rewards of working with long−term individual investors. That brings out the best in everyone. I am humbled to be this year's recipient of the Spirit of Caring Award."

The Edward Jones branch−office business model, with more than 15,000 branches throughout North America, allows the firm's nearly 19,000 financial advisors to identify what matters most to each individual client and create personalized strategies, with the goal of developing long−lasting relationships to help keep them on track toward their goals.

Mike Biehl and branch office administrator Rhonda can be reached at (719) 392−5781. You may also visit his website at https://www.edwardjones.com/mike-biehl

Edward Jones is a leading financial services firm in the U.S. and through its affiliate in Canada. The firm's nearly 19,000 financial advisors serve more than 8 million clients with a total of $1.7 trillion in client assets under care at the end of March 2023. Edward Jones' purpose is to partner for positive impact to improve the lives of its clients and colleagues, and together, better our communities and society. Through the dedication of the firm's approximately 52,000 associates and our branch presence in 68% of U.S. counties, the firm is committed to helping more people achieve financially what is most important to them. The Edward Jones website is at edwardjones.com, and its recruiting website is careers. edwardjones.com. Member SIPC.

Related link: https://www.edwardjones.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Regional Events

Join the Notary Training Network as the host of the Maryland Notary Conference on Preventing Document Fraud, Forgery, and Identity Theft

BALTIMORE, Md. -- The Notary Training Network is pleased to announce the highly anticipated Maryland Notary Training Conference, dedicated to combating document fraud, forgery, and identity theft. The conference will take place on October 21, 2023 at the Best Western Premier Rockville Hotel & Suites in Rockville, Maryland. This conference is open to notaries in all states.

In today's increasingly interconnected world, the threat of document fraud, forgery, and identity theft has become a pervasive concern. Notaries, who play a crucial role in verifying the authenticity of signatures on legal documents to help deter fraud, are at the forefront of combating these criminal activities with minimal training on how to identify fraudulent red flags. To equip notaries with the necessary knowledge and skills to prevent such fraudulent practices, Notary Training Network aims to bring together industry experts, professionals, and enthusiasts for a day of comprehensive training and education at this notary training conference.

The conference will feature a lineup of distinguished speakers, including renowned experts in the fields of document authentication, forgery detection, and identity verification.

Attendees will have the opportunity to gain valuable insights from these experts through an engaging keynote speech and interactive discussions. Participants will learn about the latest industry best practices, cutting-edge technologies, and emerging trends in preventing document fraud, forgery, and identity theft.

KEY TOPICS THAT WILL BE COVERED DURING THE CONFERENCE INCLUDE:

1 - Recognizing counterfeit documents and spotting forged signatures

2 - Implementing advanced security measures to safeguard sensitive information

3 - Conducting thorough identity verification processes to prevent impersonation

4 - Leveraging technology for document authentication and fraud prevention

5 - Staying up-to-date with legal regulations and compliance requirements

Notaries attending the conference will have the opportunity to network with industry peers, exchange valuable insights, and establish professional connections. The event will serve as a platform for collaboration and knowledge sharing, fostering a stronger community of notaries committed to combating document fraud and protecting the integrity of legal documents.

Whether you are a seasoned notary public, an aspiring professional, or simply interested in understanding the vital role notaries play in preventing document fraud, forgery, and identity theft, the Maryland Notary Conference welcomes all enthusiasts.

Limited seats are available, so early registration is encouraged to ensure participation in this highly anticipated event that was curated to teach you:

1 - How to protect your notary commission, so that you don't lose it

2 - What not to do as a notary to avoid being charged criminally due to misconduct

3 - How proper record keeping in a logbook can save you from prosecution if you get called into legal proceedings from a notarization that is questioned in court

4 - How notarization for someone that is a victim of identity theft can be impacted if you don't verify identity correctly

5 - How expert testimony is important when you have to talk about signature forgery in writing and altered document fraud in a special keynote from an expert Document Examiner and Forensic Analyst

6 - How to recognize red flags in today's digital age with technological advancements in notarization

REGISTRATION:

Registration for the conference is now open, and interested individuals can visit the official conference website at: https://www.notarytrainingnetwork.org/ to secure your spot.

For sponsorship opportunities, media inquiries, or any further information, please contact: Michol A. Bobb at info@notarytrainingnetwork.org.

About Notary Training Network:

Notary Training Network is a leading authority dedicated to promoting excellence, professionalism, and integrity within the notary profession. Committed to providing resources and educational opportunities to notaries, they strive to elevate industry standards and protect the public from fraudulent activities. Through events, training programs, and advocacy efforts, Notary Training Network is at the forefront of driving positive change within the notary community.

Related link: https://www.notarytrainingnetwork.org/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Alliances and Partnerships, Business, Free News Articles

GetHRready and HR4ALL forge partnership with three other Human Resources firms to deliver the best HR Support for businesses across America

WILLIAMSPORT, Pa. -- GetHRready today announced a strategic partnership with HR4ALL, JustHRhandbooks, JustHRhotlines and JustHRaudits to ensure every business in America can the best in Human Resources support. Fast, efficient and economical solutions designed to protect every business and help them GetHRready.

"GetHRready has taken what it learned during its first six years in operations as HR4ALL, distilled the fundamental HR needs of U.S. businesses, understand that need must be met with exceptional precision, and established four organizations that deliver fast, efficient, and economical solutions while providing a backdrop of deep expertise for more sophisticated support as these organizations grow," asserts Mark Morgenfruh, the company's founder.

JustHRhandbooks, JustHRhotlines and JustHRaudits deliver exactly what their namesakes would indicate. Online checkout, secured credit card transaction, clearly-communicated timeline to completion make us fast and affordable for any business.

"With the exponential increase of regulatory enforcement and the proliferation of legislation related to all aspects of employment and Human Resources, every business leader understands they can no longer roll the dice and ignore HR Compliance," Morgenfruh says.

He adds, "But almost all of the noise business leaders get are 'doom and gloom' veiled threats that other HR firms spout in an attempt coax a dollar out of hard-working companies. Many companies do so begrudgingly, thinking this type of adversarial relationship with their HR service provider is normal, and getting 'HR compliant' is a one-and-done project."

LEARN MORE:

https://www.gethrready.com/

https://www.justhrhandbooks.com/

https://www.justhrhotlines.com/

https://www.justhraudits.com/

About GetHRready:

GetHRready, and its JustHR partners, create lasting relationships leaving clients stronger, smarter and better-equipped to handle their HR Compliance requirements. And when the work products from the JustHR deliverables uncover significant gaps and risks, the unrivaled and exceptional knowledge of HR4ALL is available to help mitigate that exposure.

Related link: https://www.gethrready.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Awards and Honors, Business, Free News Articles

Keith Eckhardt receives two Edward Jones Awards for Exceptional Achievement in Building Client Relationships

COLORADO SPRINGS, Colo. -- Keith Eckhardt of the financial services firm Edward Jones in Colorado Springs, Colorado, was recently recognized for his exceptional achievement in building client relationships. Eckhardt received two Achievement Awards during the regional meeting in Snowmass Village, Colorado.

Each award is named for a cultural trait of the firm or for a firm leader or legend who, between 1922 and the 1980s, helped shape Edward Jones with the values of putting clients' needs first, treating others with respect and working in partnership.

The awards Eckhardt received are:

− Ted Jones Entrepreneurial Award (1,442 recipients firmwide)

− Edward Jones Sr Founders Achievement Award (1,497 recipients firmwide)

"Earning these awards is a real honor. As I partner with clients to make a meaningful difference in their lives, my relationships with them continue to grow. It's a personally and professionally rewarding experience, and I am grateful to those who put their trust in me," said Eckhardt. "The fact that each award was named after a firm legend makes them all the more meaningful."

The Edward Jones branch−office business model, with more than 15,000 branches throughout North America, allows the firm's nearly 19,000 financial advisors to identify what matters most to each individual client and create personalized strategies, with the goal of developing long−lasting relationships to help keep them on track toward their goals. The Edward Jones branch−office business model, with more than 15,000 branches throughout North America, allows the firm's nearly 19,000 financial advisors to identify what matters most to each individual client and create personalized strategies, with the goal of developing long−lasting relationships to help keep them on track toward their goals.

Learn more: https://www.edwardjones.com/us-en/financial-advisor/keith-eckhardt

Keith Eckhardt's office is located at 2950 Professional Place, Ste 205, Colorado Springs, CO 80904.

Edward Jones is a leading financial services firm in the U.S. and through its affiliate in Canada. The firm's nearly 19,000 financial advisors serve more than 8 million clients with a total of $1.7 trillion in client assets under care at the end of March 2023. Edward Jones' purpose is to partner for positive impact to improve the lives of its clients and colleagues, and together, better our communities and society. Through the dedication of the firm's approximately 52,000 associates and our branch presence in 68% of U.S. counties, the firm is committed to helping more people achieve financially what is most important to them. The Edward Jones website is at edwardjones.com, and its recruiting website is careers. edwardjones.com. Member SIPC

MEDIA CONTACT:
Keith Eckhardt
719-578-5833
keith.eckhardt@edwardjones.com

Related link: https://www.edwardjones.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Home and Garden

Matrix Announces the Successful Sale of the Lawn and Garden Division of Antilles Power Depot Inc.

RICHMOND, Va. -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, is pleased to announce the sale of the Lawn & Garden Division ("Antilles L&G" or the "Company") of Antilles Power Depot Inc. ("APD") to Freije Supply Inc. ("Freije Supply"). Antilles L&G is a leading distributor of Stihl, Walker, and other top brands in the lawn maintenance and equipment marketplace.

Headquartered in Carolina, Puerto Rico, with additional locations in the Dominican Republic, St. Thomas, St. Croix, and St. Maarten, APD is a multifaceted, award-winning, distributor and service provider of power generation systems, as well as equipment and tools for lawn care. With over two decades of operating history, the Company has established a diverse commercial and residential customer base that utilizes Antilles L&G's specialized sales and service capabilities.

Matrix provided merger and acquisition advisory services to Antilles L&G and APD, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the transaction. The transaction was managed by David Shoulders, Managing Director and Head of Matrix's Consumer & Industrial Investment Banking Group; William O'Flaherty, Managing Director; Matt Oldhouser, Senior Associate; and Sahan Pandey, Senior Analyst.

Mr. Shoulders noted, "We're thrilled to have assisted the APD team in this important carve-out transaction, allowing them to focus on their core business. We enjoyed working with the Company and its exceptional management team and congratulate all parties on this successful outcome."

Regarding Matrix's services, Jason Hebert, President of APD, commented, "Matrix did an exceptional job navigating this highly complex corporate carve-out. I commend their knowledge of these nuanced transactions and am grateful for their assistance." Addressing the transaction, he added, "We believe this divestiture creates exceptional value for all parties. The Freije Supply team is acquiring a complementary business with exceptional recurring revenue, and I'm confident they're positioned to grow the business line. This additional capital allows APD to focus on and grow our core business, generator sales and service, while also supporting our growth in yacht and marine services, as well as our expansion into new physical locations throughout the Caribbean."

Founded in 2014 in Carolina, Puerto Rico, Freije Supply is a wholesale distributor of electrical, plumbing, construction and other miscellaneous household products. Owned and operated by Manolo "Manuel" Freije III, Freije Supply maintains relationships with the most established brands in the markets it serves, including 3M, Delta, EcoSmart, General Electric, Rheem, and Simpson Strong-Tie, among numerous others. Freije Supply distributes to a diverse set of customers throughout the Caribbean. Financing for the transaction was provided by Bluhaus Small Business Fund, L.P., a Small Business Investment Company established to make debt and equity investments in businesses operating predominantly in Puerto Rico.

Bill Lowman and Jason Davis of ShuffieldLowman served as legal counsel for Antilles L&G and APD.

About Matrix Capital Markets Group, Inc.:

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve-outs, special situations, management buyouts, corporate valuations and fairness opinions. Matrix serves clients in a wide range of industries, including automotive aftermarket, building products, car washes, consumer products, convenience retail, downstream energy, healthcare and industrial products.

For additional information or to contact our team members, please visit https://matrixcmg.com/.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC

Related link: https://www.matrixcmg.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Home and Garden

Matrix Announces the Successful Sale of the Lawn and Garden Division of Antilles Power Depot Inc.

RICHMOND, Va. -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, is pleased to announce the sale of the Lawn & Garden Division ("Antilles L&G" or the "Company") of Antilles Power Depot Inc. ("APD") to Freije Supply Inc. ("Freije Supply"). Antilles L&G is a leading distributor of Stihl, Walker, and other top brands in the lawn maintenance and equipment marketplace.

Headquartered in Carolina, Puerto Rico, with additional locations in the Dominican Republic, St. Thomas, St. Croix, and St. Maarten, APD is a multifaceted, award-winning, distributor and service provider of power generation systems, as well as equipment and tools for lawn care. With over two decades of operating history, the Company has established a diverse commercial and residential customer base that utilizes Antilles L&G's specialized sales and service capabilities.

Matrix provided merger and acquisition advisory services to Antilles L&G and APD, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the transaction. The transaction was managed by David Shoulders, Managing Director and Head of Matrix's Consumer & Industrial Investment Banking Group; William O'Flaherty, Managing Director; Matt Oldhouser, Senior Associate; and Sahan Pandey, Senior Analyst.

Mr. Shoulders noted, "We're thrilled to have assisted the APD team in this important carve-out transaction, allowing them to focus on their core business. We enjoyed working with the Company and its exceptional management team and congratulate all parties on this successful outcome."

Regarding Matrix's services, Jason Hebert, President of APD, commented, "Matrix did an exceptional job navigating this highly complex corporate carve-out. I commend their knowledge of these nuanced transactions and am grateful for their assistance." Addressing the transaction, he added, "We believe this divestiture creates exceptional value for all parties. The Freije Supply team is acquiring a complementary business with exceptional recurring revenue, and I'm confident they're positioned to grow the business line. This additional capital allows APD to focus on and grow our core business, generator sales and service, while also supporting our growth in yacht and marine services, as well as our expansion into new physical locations throughout the Caribbean."

Founded in 2014 in Carolina, Puerto Rico, Freije Supply is a wholesale distributor of electrical, plumbing, construction and other miscellaneous household products. Owned and operated by Manolo "Manuel" Freije III, Freije Supply maintains relationships with the most established brands in the markets it serves, including 3M, Delta, EcoSmart, General Electric, Rheem, and Simpson Strong-Tie, among numerous others. Freije Supply distributes to a diverse set of customers throughout the Caribbean. Financing for the transaction was provided by Bluhaus Small Business Fund, L.P., a Small Business Investment Company established to make debt and equity investments in businesses operating predominantly in Puerto Rico.

Bill Lowman and Jason Davis of ShuffieldLowman served as legal counsel for Antilles L&G and APD.

About Matrix Capital Markets Group, Inc.:

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve-outs, special situations, management buyouts, corporate valuations and fairness opinions. Matrix serves clients in a wide range of industries, including automotive aftermarket, building products, car washes, consumer products, convenience retail, downstream energy, healthcare and industrial products.

For additional information or to contact our team members, please visit https://matrixcmg.com/.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC

Related link: https://www.matrixcmg.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022