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Business
Mepco Insurance Premium Financing, Inc. is a financial services company that finances the payment of insurance premiums. The Company offers financing to individual and commercial purchasers of property, casualty and liability insurance.
Client Objective
Mepco's limited equity base constrained the Company's ability to expand its financing volume. Leverage exceeding 9 to 1 debt to equity limited its senior facility to $10 million. White Oak Group developed a strategic approach to capitalize the business to finance the growth in assets.
Results
White Oak Group arranged $3 million in subordinated debt as well as an expanded $30 million senior debt facility. As a result, Mepco grew its financing volume from $24 million financing volume to more than $100 million.
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White Oak Group Adds Investment Banking Partner
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