client_transactions

SSG Client Transactions

Title

Quality One Wireless
Client Profile

Client Profile

Quality One Wireless LLC (“Q1W” or the “Company”) is a distributor of wireless telecommunications devices, accessories, modems, parts, service and fulfillment. The Company utilizes state-of-the-art hardware and software to handle inventory, distribution, fulfillment, over the air programming and data disposition to all tiers of wireless carriers. Other lines of business include distribution logistics, inventory purchasing, in/out of warranty repair, repair parts, refurbishing, transportation management, software solutions, product lifecycle management and asset recovery services.
Situation

Situation

In October 2013, the Company acquired the assets of a larger scale version of Q1W called Personal Communications Devices, LLC (“PCD”) pursuant to Section 363 of the United States Bankruptcy Code. The acquisition allowed Q1W to expand its customer base to include Tier I carriers, such as AT&T, Verizon, Sprint and T-Mobile. As part of the acquisition, Q1W took on additional debt to finance the transaction. As a result of its integration efforts and new growth opportunities during the year following the acquisition, Q1W positioned itself to expand its working capital facility and reduce its cost of capital.
Solution

Solution

SSG was retained in May 2014 to work with the Company to source a larger and lower cost credit facility. Leveraging its extensive relationships, SSG contacted a broad range of lenders and investors. After canvassing the credit markets and delivering multiple term sheets, SSG helped facilitate a $75 million revolving credit facility that significantly lowered Q1W’s cost of capital. As a result of SSG’s efforts, the Company is well positioned to meet near term challenges, pursue a robust pipeline of longer term opportunities and enhance shareholder value.
December 2014

$75,000,000
Senior Secured Credit Facility


The undersigned acted as Investment Banker to
Quality One Wireless, LLC on this transaction.

Call to learn more

Call to learn more

If you would like to learn more about this transaction, or any of our transactions, call us today.

Philadelphia
(610) 940-1094

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New York
(212) 786-7432

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