January 22, 2009
SDR Ventures Secures $2,000,000 Million in Senior Debt Financing for SRC Group, Inc.
Denver, CO – SDR Ventures, Inc. assisted SRC Group, Inc. d/b/a Evolve in securing a $2,000,000 senior debt facility to support the growing working capital needs of the Company.
Headquartered in Denver, Colorado, Evolve is a fast-growing manufacturer of custom-designed corporate apparel and uniform programs. Founded in 2002, Evolve designs and manufactures brand-identifying products for national clients such as Chipotle, DIRECTV, Qwest and the American Red Cross. The financing will support the working capital requirements of the Company as it expands its customers, product offerings and employee base.
SDR Ventures, Inc.
A Colorado-based investment bank specializing in mergers and acquisitions, private placements of debt and strategic advisory services for the privately-held marketplace. SDR specializes in subordinated debt placements from $200,000 to $2,000,000 for growth capital, restructuring, and acquisition needs. Based in Greenwood Village, SDR has transaction and funding experience with lower middle-market companies in the Business Services, Manufacturing and Distribution industries.
SRC Group, Inc. d/b/a Evolve
A Denver, CO based provider of custom-designed apparel and uniform merchandise. Evolve’s approach is customized down to the threads, buttons and treatments. The company has developed a unique four-step approach to provide this level of service, including an extensive network of industry-approved supply chain partners that ensures the highest quality products are delivered in the most ethical and secure manner. Evolve benefits from its expertise in dynamic e-business solutions, overseas buying, sourcing and design for retail and wholesale markets, fulfillment, inventory management, logistics, customer service and promotional products. More information can be found at www.EvolvePrograms.com.