CHEVY CHASE, Md. – Farragut Capital Partners, LLC (“Farragut”) is pleased to announce a $4.5 million subordinated debt investment in Smartlink, LLC (or the "Company") to support a debt refinancing.
Smartlink, headquartered in Annapolis, MD with additional offices nationwide, provides site development services to wireless companies including securing locations that maximize wireless coverage within a territory, obtaining the most competitive lease terms, acquiring necessary permits and zoning in the shortest possible timeframe and general architecture and engineering services. The Company also provides temporary staffing to the wireless industry.
“We are excited to partner with management and our co-investors on this transaction,” said Javier Aguirre, Managing Partner of Farragut. “Smartlink provides outsourced functions that are integral to the continued expansion of the wireless network, and we are pleased to support the Company’s continued growth.”
“We are thrilled to partner with such a strong mid-Atlantic-based private investment firm such as Farragut Capital Partners,” said Bill Scott, Smartlink’s Chief Financial Officer. “This partnership and Farragut’s superior expertise in their field will contribute to continued growth for Smartlink.”
Farragut partners with Spell Capital Mezzanine and Kemper Corporation on the mezzanine transaction. BB&T and Capital One Bank provided senior financing to the Company.