Cassel Salpeter & Co. Secures Debt Financing for Quick Shift Capital LLC
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.