TROY – Wingspan Partners has helped arrange a $2 Million private placement of mezzanine debt for Strategic Financial Services, which offers its customers an integrated package of business services and consulting.
Wingspan acted as financial advisor to Strategic Financial, a privately-held company headquartered in Troy. The money will be used for growth financing and general corporate purposes.
Strategic Financial offers its customers an integrated package of services including business employment(PEO)/payroll outsourcing, employee benefits management, mortgage lending, real estate title insurance, wealth management, insurance and business consulting. With over 4,000 work site employees under contract for PEO services, it is one of Michigan?s largest companies in this sector.
?Our internal growth has been driven by the successful marketing of our broad set of financial and professional services to entrepreneurs, small business owners and professionals such as doctors and medical groups,? said Steve Groulx, Founder and Chairman of Strategic Financial.
?We also acquired strong regional companies in Arizona and Georgia to form the platform for our regional growth strategy. This round of capital will allow us to accelerate our growth plans and upgrade our operational performance with targeted investments in process improvements.?
Strategic Financial was established in 1997 as an investment advisory firm. The Company?s multi-disciplinary approach to small business services and asset management has allowed the Company to serve its business client base as a ?one-source? provider for financial consultants, estate planning attorneys, mortgage lenders, title insurance services, payroll and benefit specialists, and insurance agents. The Company has regional centers in Phoenix, Arizona, and Atlanta, Georgia.
Wingspan Partners is a financial and management advisory firm founded in 2005 by Ray Gunn and Fred Nussbaum and comprised of experienced financial, operating, sales and marketing executives who have spent their careers as the principal architects in the successful formation, funding, growth and ultimate sale/IPO of early stage companies.
