Graycliff Partners Announces Credit Investment in Talk More Wireless
Graycliff Partners LP announced it has completed a unitranche debt and minority equity investment in Talk More Wireless, a premier Metro by T-Mobile retailer. Subsequent to the initial investment, Graycliff has provided a follow-on investment to support add-on acquisitions by Talk More.
Founded and led by Jimmy Ralph, and headquartered in St. Petersburg, Florida, Talk More Wireless is a Metro by T-Mobile retailer with over 100 owned stores in 7 states. Talk More markets and sells a full suite of handheld devices and accessories utilizing an Ever-Present Management system to successfully manage its growing store portfolio.
“We are pleased to work with Jimmy and the Talk More team. The team has built an extremely successful platform with a great culture. We look forward to supporting the continued growth of Talk More via follow-on investments for additional store acquisitions,” said Brian O’Reilly, Managing Director, Graycliff Partners.
“We are excited to bring Graycliff on as our new financing partner. They were fair and reasonable throughout the whole process.” said Chris DiPasquale, CFO, Talk More Wireless. “Graycliff is providing the growth capital that we need to achieve our goals.”
About Graycliff Partners LP
Graycliff Partners is an investment firm focused on making lower middle market investments. Through dedicated equity and credit funds, Graycliff seeks to invest in companies led by strong, entrepreneurial management teams, providing capital for acquisitions, management buyouts, recapitalizations, growth and expansion.
Graycliff Partners’ dedicated credit platform manages over $650 million of committed capital and provides financing solutions to lower middle market companies with $3 million to $40 million of EBITDA.
Graycliff is actively seeking new opportunities to deploy capital via unitranche debt, subordinated debt, or minority equity. Please reach out to anyone on the Graycliff team – we are happy to discuss new potential opportunities.