Archive for category: Firm Announcements

Cassel Salpeter & Co., an independent investment banking firm that provides advisory services to middle market and emerging growth companies in the United States and worldwide, today announced that it represented Quick Shift Capital LLC (“Quick Shift”) in securing commercial debt financing from Synovus Bank; the funding is set to support the continued growth of the business.

Quick Shift is a family-owned company headquartered in Boca Raton, Fla. A floorplan financing company founded in 2017, Quick Shift caters to independent used car dealers and wholesalers, with a focus on luxury vehicles, while demonstrating a sustained commitment to service, customer-centric solutions, and innovation. 

“Enabling founders like Zach to grow their business and reach their full potential is why we do the work we do,” said Cassel Salpeter Managing Director Philip Cassel, who led the assignment helping Quick Shift identify and evaluate financing options and assisting throughout the due diligence and closing process. “Zach and his team will achieve great things and I am excited to see the company grow in the years to come.” 

“We partnered with Cassel Salpeter to help us grow our business by exploring financing options,” added Quick Shift President Zach Green. “Phil helped us find an attractive credit facility that more than exceeded our expectations. It was a pleasure working with Phil and I would not hesitate to give Cassel Salpeter our highest recommendations.”

Other professionals who assisted in closing the transaction include Blake Goddard and James Hauck of the Asset-Based Lending, Specialty Finance group of Synovus Bank; Andrew Comiter of Comiter, Singer, Baseman & Braun LLP, Brian Levy of Brian R Levy PA, Michael Ullman of Ullman & Ullman, P.A., together counsel to the borrower; and Ronald Weiner and Anisa Abdullahi of Arnall Golden Gregory LLP, counsel to the lender.

Cassel Salpeter & Co., an independent investment banking firm that provides advice to middle-market and emerging growth companies in the U.S. and worldwide, is pleased to announce that firm Director Laura Salpeter has been recognized as an Honoree for South Florida Business & Wealth’s 2022 Prestigious Women Awards.

The Honoree distinction was conferred on Laura for her outstanding efforts as a female business leader whose innovative methodologies and superior performance at the firm help drive the South Florida economy, making her one of the region’s most distinguished female professionals. Laura joins four other South Florida women business leader honorees in the senior management category in this second year of the awards series. 

“I feel honored to be named a SFBW Prestigious Women Honoree,” said Laura Salpeter. “This distinction confirms that the commitment to performing at our best on behalf of Cassel Salpeter’s clients is making a positive impact that extends throughout our community and region.” 

“We are proud of Laura’s achievement in being named an Honoree,” said James S. Cassel, Chairman and Co-Founder of Cassel Salpeter & Co. “We are also delighted by her continued growth as a professional, and thrilled that her drive and determination as a business leader is being highlighted by this distinction.” 

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About Cassel Salpeter & Co., LLC
Cassel Salpeter & Co. is an investment banking firm with professionals who have more than forty years of financial experience. They deliver smart, straightforward advisory services to middle-market companies across America. With a thorough understanding of their clients’ industries and a keen sense of the economy, the Cassel Salpeter team provides independent, timely advice so clients can capitalize on a rapidly changing global environment. Headquartered in Miami, Florida, Cassel Salpeter is led by James Cassel and Scott Salpeter. Member FINRA and SIPC.

As Cassel Salpeter & Co. looks back on more than a decade of providing superior financial advisory services, we continue to grow in market intelligence, experience, and quality of personnel, refining our capabilities for the businesses we serve.

 Cassel Salpeter & Co., an independent investment banking firm that provides advice to middle market and emerging growth companies in the U.S. and worldwide, today announced it has successfully represented EveryMundo, LLC, a digital offer marketing pioneer with headquarters in Miami, Fla., in the company’s sale to PROS Holdings, Inc. (NYSE:PRO), a provider of SaaS solutions optimizing shopping and selling experiences with headquarters in Houston, Texas. 

PROS paid $80 million in cash at closing, subject to certain customary adjustments, and will deliver approximately $10 million in stock in the future, subject to certain conditions.

Since its founding, EveryMundo has been focused on helping brands like American Airlines, Star Alliance, Tennis Australia, Greyhound, and Japan Airlines Vacations maximize their reach and engagement, enabling deeper direct relationships with their customers across multiple channels in the most flexible and profitable way possible. For example, with airlines, this means being able to quickly and effortlessly publish offers on direct or indirect channels that entice customers back to owned channels, avoiding the increasing fees charged per offer by global distribution systems that limit reach and erode margin. 

“We’re proud to have been able to work with the EveryMundo team and my son, Co-Founder and President Seth Cassel, to find the right buyer and partner in PROS,” said Cassel Salpeter Chairman and Co-founder James S. Cassel. “There is a strong cultural fit and shared vision between the companies. The combination of EveryMundo and PROS enables them to scale to the next level of growth, gain greater market penetration and increase digital consumer engagement.”

EveryMundo Co-Founder and President Seth Cassel added: “Today is a monumental day for our team and a next step in our quest to disrupt industry paradigms hindering market growth and opportunity for airlines and B2B organizations. The cultural fit and business model alignment with PROS is what makes this combination so powerful and what will enable us to transform the brand experiences for the businesses we serve.”

“It was incredibly rewarding working with Cassel Salpeter, said EveryMundo Co-Founder and Chief Executive Officer Anton Diego. “The firm’s knowledge and experience were invaluable throughout this process, and helped make the transaction seamless, without interrupting our business, and while working quickly and diligently to achieve the best outcome for our team.” 

The Cassel Salpeter team was led by Chairman and Co-founder James S. Cassel and Managing Director Philip Cassel, with the assistance of Associate Edward Kropf.

About Cassel Salpeter & Co., LLC
Cassel Salpeter & Co. is an investment banking firm with professionals who have more than forty years of financial experience. They deliver smart, straightforward advisory services to middle-market companies across America. With a thorough understanding of their clients’ industries and a keen sense of the economy, the Cassel Salpeter team provides independent, timely advice so clients can capitalize on a rapidly changing global environment. Headquartered in Miami, Florida, Cassel Salpeter is led by James Cassel and Scott Salpeter. Member FINRA and SIPC.

Cassel Salpeter & Co., an independent investment banking firm that provides advice to middle-market companies in the U.S. and worldwide, represented Comprehensive Eye M.D., a highly regarded eye care specialist, in the company’s sale to Spectrum Vision Partners, LLC (Spectrum), an organization serving many of the top ophthalmology groups and ambulatory eye surgery centers in New York, New Jersey, Connecticut, and Pennsylvania, and a portfolio company of Blue Sea Capital, a private equity firm based in West Palm Beach, Florida.

“We are proud to have worked with Comprehensive Eye M.D., Dr. Marc Wietschner, and the Spectrum team. It took hard work, persistence, and expertise, but we found them the right partner to move forward within this transaction,” said Cassel Salpeter’s co-founder and chairman James Cassel.

Comprehensive Eye M.D.’s owner and founder Dr. Wietschner added: “We couldn’t be more thrilled to have teamed up with Cassel Salpeter. The expertise and professionalism shown by Cassel Salpeter in connection with this sale was second to none. They made the entire process as painless as possible, even through the difficulties brought on by the pandemic.”

The Cassel Salpeter team was led by co-founder and chairman James Cassel and Vice President Laura Salpeter. Comprehensive Eye M.D.’s attorneys were Douglas Menikheim, Benjamin Malerba, Scott Feuer, and Joseph DiBella of Rivkin Radler LLP, while Spectrum used David Manko, Peter Eggers, and Cyrus Abbassi of Proskauer Rose LLP as its legal counsel.

Cassel Salpeter would like to thank Greg Wappett of Spectrum, and Heidi Wietschner of Comprehensive Eye M.D. who worked diligently to expedite the transaction’s closing.

About Cassel Salpeter & Co., LLC
Cassel Salpeter & Co. is an investment banking firm with professionals who have more than forty years of financial experience. They deliver smart, straightforward advisory services to middle-market companies across America. With a thorough understanding of their clients’ industries and a keen sense of the economy, the Cassel Salpeter team provides independent, timely advice so clients can capitalize on a rapidly changing global environment. Headquartered in Miami, Florida, Cassel Salpeter is led by James Cassel and Scott Salpeter. Member FINRA and SIPC.