October 8, 2003
As we enter into the fourth quarter of 2003, we thought it appropriate
to provide you with a brief update of Penn Capital's recent activities.
A phone call from a regional investment banking acquaintance
provided an engagement to sell a fourth generation retail sporting
goods store in Pennsylvania with sales over $5 Million. Penn
Capital identified a Boston investor and closed the transaction
in April.
A vendor referral led to an engagement of a 100-year-old company
with cash flow problems. Penn Capital identified a buyer for
some of its fixed assets, allowing it to continue operations
while Penn Capital continues to find an investor to purchase
the remaining company along with its product line.
Another engagement resulted in a pending closing of a steel
service center which services the eastern market.
These are a sampling of Penn Capital's activities in 2003. Enclosed
are two new engagements that may interest you or your clients.
Please call us to discuss these opportunities.
Since its founding, Penn Capital has dedicated its professionals
to focusing on the needs of closely-held corporations and family-owned
businesses with transaction values of $1-15 Million.
Perhaps you know of someone who needs our services. Please keep
us in mind. We hope you consider us a valuable resource.
Sincerely,
PENN CAPITAL GROUP, L.L.C.
