Technical Ordnance Solutions received $3.75 mln financing

Revere Capital has provided $3.75 million in financing for Technical Ordnance Solutions. Perry, Florida-based Technical Ordnance is a defense manufacturer with in-house training and testing capabilities.  Rush Street Capital acted as financial adviser to Technical Ordnance.

PRESS RELEASE

December 24, 2015

Rush Street Capital (“RSC”) announced that it has procured financing for Technical Ordnance Solutions (“TOS”).   Proceeds from the financing were used to purchase new manufacturing equipment and acquire Perry, Florida based Energy Technical Solutions, Inc and Naples, Florida based Atomic Machine and EDM Inc.

RSC worked exclusively for TOS to secure financing for the two Florida acquisitions and new manufacturing equipment.  TOS is a Florida based defense manufacturer with in-house training and testing capabilities.  The Company has experienced a surge in demand and these two key acquisitions will provide additional manufacturing and training capacity.

Rick Lopez, Executive Vice President of Rush Street Capital, said, “We are excited that we were able to provide a debt solution that enabled TOS to acquire these two companies and position itself for current and long term growth.  Adding additional capacity was a critical initiative for TOS and we are thrilled to have advised the Company through this debt raise process.”

Bill Colburn, CFO and Principal of TOS, said, “Rush Street Capital was an extremely important resource and they did an excellent job in finding a debt solution to help us with our growth initiatives.  Through their targeted and deliberate approach, RSC quickly, efficiently, and successfully identified a solution that will help take TOS to the next level. ”

About Rush Street Capital, LLC

Rush Street Capital is an intermediary that specializes in assisting middle market business owners and private equity firms with financing situations that need to occur under tight time frames.  Rush Street Capital understands the challenges that face middle market business owners and private equity firms as they provide catered solutions to meet those challenges. Rush Street Capital leverages its relationships in order to help its clients find the most advantageous capital structure with the best possible financing partners and allows the middle market business owners and private equity firms to focus on their businesses.    For more information please visit www.rushstreetcapital.com