US Capital Partners Provides Follow-On Growth Financing for Canada-Based Tora Ventures
US Capital Partners Inc. has put in place a second round of financing to support the continued expansion of a Canadian distributor of residential and commercial roofing materials.
SAN FRANCISCO, August 2015 – US Capital Partners Inc. has provided a follow-on term loan for Tora Ventures, headquartered in Calgary, Alberta in Canada. US Capital Partners is a private investment bank that makes direct debt investments, participates in debt facilities, and has robust distribution for debt and equity private placements for small and medium-sized businesses in the United States and abroad.
“We are delighted with this well-structured follow-on term loan supplied for us by US Capital Partners,” said Steve Davidsen, President of Tora Ventures. “US Capital Partners first provided financing for Tora Ventures in October 2014. We have returned to US Capital Partners because of the firm’s breadth of experience in funding businesses and its ability to close for us quickly and efficiently.”
“We are extremely pleased to have provided a second round of financing for this expanding Canadian distributor of roofing materials,” said Jeffrey Sweeney, Chairman and CEO at US Capital Partners. “Tora Ventures has been expanding rapidly, and required some additional working capital and growth capital ahead of its peak summer season. The investment team at US Capital Partners was able to structure and provide an additional round of financing to support Tora Ventures’ continued expansion.”
About Tora Ventures
Tora Ventures is a growing distributor of residential and commercial roofing materials. Based in Calgary, Alberta, the company provides a wide variety of goods and materials for all aspects of residential and commercial roofing, including underlayment, waterproofing and insulation, weatherproofing, and drip edge and siding. The quality brands Tora Ventures distributes include Titanium UDL, Ventilation Maximum, RhinoRoof, Owens Corning, Resisto, Grip Rite, and GAF.
About US Capital Partners Inc.
Since 1998, US Capital Partners (www.uscapitalpartners.net) has been providing well-structured, custom financing solutions to private and public companies with $5 million to $100 million in sales. Headquartered in San Francisco, US Capital Partners is a full-service private investment bank that makes direct debt investments between $500,000 and $50 million, participates in debt facilities, and underwrites debt and equity private placements. The firm also offers financial advisory services for buy-side and sell-side engagements and for capital formation, including early-stage financings requiring equity or debt.
To learn more about how your business can secure the funding it needs, email Jeffrey Sweeney, Chairman and CEO, at email@example.com or call (415) 889-1010.