Quality One Wireless

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
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
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.