Business
Crown Capital Partners Completes $10 Million Long-Term Loan with Mill Street & Co. Inc.
Crown Capital Partners Completes $10 Million Long-Term Loan with Mill Street & Co. Inc...
About this update from Crown Capital Partners, Inc.
[{"type":"text","content":"\n\n\n\nCrown Capital Partners Completes $10 Million Long-Term Loan with Mill Street & Co. Inc.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCrown Capital Partners Completes $10 Million Long-Term Loan with Mill Street & Co. Inc.\nCanada NewsWire\nCALGARY, May 17, 2018\n\n\n\nCALGARY, May 17, 2018 /CNW/ - Crown Capital Partners Inc. (\"Crown\") (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced the closing of a $10 million, 10-year loan (the \"Agreement\") with Mill Street & Co. Inc. (\"Mill Street\"), a Canadian diversified operating company, with small- to medium-size, privately held subsidiaries, primarily based in Southern Ontario.\n\nMill Street provides successful entrepreneurs with a succession plan and liquidity by acquiring up to 100% of the entrepreneur's business with the objective of creating value-added growth through a unique performance-based culture. Mill Street has ownership positions in nine operating companies in diversified sectors, including construction services, building supply, wholesale & logistics and financial services.\n\n\"Mill Street's focus on working with entrepreneurs of profitable small- and medium-sized businesses aligns perfectly with our philosophy,\" said Chris Johnson, Crown's President & CEO. \"Mill Street has done an excellent job of building a diversified operating platform that generates stable and growing cash flow. We look forward to working with them as they take advantage of the large and growing market need among private businesses for an experienced and reputable succession partner.\"  \n\n\"Crown's customized, long-term financing solution is well-suited to our needs and will enable us to further capitalize on growth opportunities,\" said Noah Murad, President of Mill Street. \"We have admired Crown's established track record and reputation for many years and view the Crown team as an ideal financial partner for our business.\"\n\nThe Agreement provides for a $10 million, 10-year term loan to Mill Street, which will be funded as a long-term loan on Crow...