PF Management Services has secured $2.5 million in funding from LB Merchant PFMG, an affiliate of Littlebanc Advisors. Littlebanc Advisors and NMS Capital served as dual placement agents and financial advisors in the transaction. Based in the Indianapolis area, PF Management Services is an acquirer and operator of funeral homes and related businesses.
DELRAY BEACH, FL–(Marketwired – November 19, 2013) – LB Merchant PFMG, LLC, an affiliate of Littlebanc Advisors, LLC, is pleased to announce the completion of a $2.5 million investment in the form of a Senior Subordinated Convertible Note in PF Management Services, LLC (“The Premier Group”). The Premier Group is an acquirer and operator of funeral homes and related businesses. Littlebanc Advisors and NMS Capital acted as dual placement agents and financial advisors in the transaction.
About PF Management Services, LLC
PF Management Services, LLC, through its affiliated companies, acquires and operates funeral homes and related businesses, primarily in tier 2 and tier 3 markets in the US. The company also provides managerial and operational consulting services to acquired businesses and additional funeral homes. Based in the Indianapolis area, the Company generally has targeted markets in 17 states, primarily in the Midwest, Southeast and Eastern regions of the US where management has operated death care businesses throughout the team’s careers.
About Littlebanc Advisors, LLC
Littlebanc Advisors, LLC has perfected the art of raising small tranches of capital for growth companies. Littlebanc Advisors acts as agent and advisor in traditional investment banking transactions that it conducts on behalf of its clients. As potential banking clients and merchant investments, we target compelling companies with proven business models that are on the cusp of breakout revenue and profitably but require growth capital to get them there. These earlier stage companies are typically passed over by both traditional investment banking and private equity. By focusing on this underserved yet larger market, we unearth a greater number of less competitive opportunities with higher potential returns.
For more information, visit www.littlebanc.com.
About LB Merchant, LLC
LB Merchant, LLC , an affiliate of Littlebanc Advisors, LLC, is a merchant bank that invests in small, high-quality growth companies. LB Merchant invests the firm’s own capital along with capital from select Limited Partners and takes an active approach with its portfolio companies to assist them in realizing their potential.
For more information, visit www.lbmerchant.com.