Tri-Wire, a 100% employee owned company, is a leading provider of installation, maintenance and other technical support services to the cable and telecommunications industries. The company has over 900 employees situated across twelve states, in metropolitan areas including Phoenix, Memphis, Baltimore, Philadelphia, New York and New England. MCRC’s subordinated note investment helped finance the ESOP’s purchase from the founder and CEO.
wTe Corporation is a technology-driven, value-added recycling company located in Bedford, MA. The Company operates plastics and metals recycling and refining operations in Greenfield, MA and Albany, NY. MCRC provided wTe with subordinated debt to assist with an acquisition and working capital. wTe’s UltraPET Division is a leading national recycler of polyethylene terepthalate (“PET”) plastic resins. wTe’s Metals Division was formed in 1990 and processes municipal ferrous metals recovered from Waste-to-Energy facilities as well as traditional ferrous and non-ferrous metals from various sources. wTe has committed significant resources to the development of new, high speed processing technologies serving the metals recycling industry.
Founded in 1986, Aquent, is the world’s largest marketing and creative staffing firm providing temporary and permanent placement to Fortune 500 companies. Since its founding, Aquent’s pioneering approach to staffing, consulting, and outsourcing has kept the company ahead of the market. Among its many industry-leading innovations, Aquent was the first staffing company in the U.S. to provide comprehensive health and welfare benefits for temporary employees. MCRC’s subordinated debt investment was done in conjunction with a new senior debt facility from Wells Fargo Foothill as part of a refinancing that provided Aquent with additional working capital support.
For over 25 years, Valet Park has been providing transportation services to hospitals, hotels and others with a need to efficiently manage customer parking needs. Headquartered in Springfield, Valet Park prides itself on friendly service, efficiency and long term client relationships. Key services offered include valet programs for hospital patients and employee shuttles. MCRC’s subordinated note investment provided the company with additional capital to support growth with new and existing customers.
Baynes Electric Supply is a leading, independent wholesale distributor of electrical and lighting products, serving local and regional electrical contractors as well as national retailers. Located in West Bridgewater, the Company has been family owned and operated for over 60 years. MCRC’s subordinated note investment provided the company with additional capital to support growth with new and existing customers.