FOR IMMEDIATE RELEASE
April 19, 2015
Richmond, VA – Transact Capital Partners is pleased to announce that SML Packaging LLC, a Lynchburg, VA-based manufacturer of packaging machinery, has completed a successful refinancing with Stearns Bank. Transact Capital served as the exclusive financial advisor to SML Packaging in the transaction.
SML Packaging was founded in 2005 and provides innovative design and made-to-order bottling, both glass and plastic, and can packaging machinery solutions for the glass plants of wineries, breweries, distillers, etc. SML will utilize the refinancing to restructure exiting debt, hire additional engineering staff, and grow inventories for developing new accounts.
George Sydnor is a Sr. Vice President at Transact Capital and managed the refinancing. Sydnor had this to say about the transaction: “I always enjoy helping a growing company like SML. From working with management to prepare plans for growth, to finding financing, it’s satisfying to help a company reach the next level.” Sydnor has over 15 years of mergers & acquisitions advisory experience and over 40 closed transactions. He also has an extensive knowledge of the manufacturing, mining and distribution industries. Transact Capital is equipped to take a multifaceted approach to handle the growth and development needs of a company.
Transact Capital Partners is a full-service mergers and acquisitions advisory, business brokerage, and valuation firm headquartered in Richmond, VA, with offices in Roanoke and Tidewater, VA, Lexington, KY, Orlando, FL, and Central Pennsylvania. 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 contact Steve Zacharias at 804-612-7102 (Steve@TransactCapital.com). Additional information about Transact Capital Partners can be found at www.TransactCapital.com.