Triton
President & CEO, Triton
Introduction
For nearly 30 years, Triton has been a leading manufacturer of ATMs, ATM management software and sophisticated safes. This Mississippi-based firm supports and handles customers throughout the world, including clients in the United States, Canada, Mexico, Australia, South Africa and the UK.
Challenge
Triton’s ATMs do many things, but they can’t print money. Triton was looking for a new credit facility in order to satisfy its continued growth. The transaction was under tight time constraints and needed to fund and close within weeks, not months. FGI was contacted by Triton’s existing bank to help assist with the company’s refinancing efforts and efficiently secure the proper financing partner.
Solution
After reviewing Triton’s information, FGI created a deal profile summary and in just a matter of days was able to secure an asset-based credit facility from a Connecticut-based finance company. This new credit facility allowed Triton to pay off its existing lender and provided working capital needed for continued growth.
Results
Triton was able to secure a competitive new flexible credit facility with a lender that offered quick turnaround and excess capital. With working capital in hand, Triton was able to invest in new technology, which was crucial to the company’s future growth.