Heritage Capital Group Announces a Successful Debt Refinancing for Shaw's
August 2016 -
Heritage Capital Group is pleased to announce the successful closing of a debt refinancing for Shaw's Southern Belle Frozen Foods, Inc. ("Shaw's").
Shaw's is a family-owned business located in Jacksonville, Florida that has been in operation for over 80 years. The company is one of the largest specialty seafood packers in the United States. Shaw's customers range from large restaurant chains and major retail chains. The Company is known for developing and delivering the highest quality products to meet its customers needs.
Howard Shaw, president of Shaw's commented, "We began working with Heritage Capital over two years ago to enhance the company's processes, systems, data analytics, and reporting metrics to better position the company in our highly competitive marketplace. With Heritage's assistance, we are having our best year ever, and this refinancing will position Shaw's well for sustained growth in the future."
Bill Prescott and Bill Sorenson make up the Heritage advisory team. Bill Prescott commented, "It has been a pleasure working with the Shaws and seeing the financial results they are experiencing. It is not easy for a family business that has been operating for over 80 years to embrace and implement the changes necessary to compete in today's everchanging market. We look forward to continuing to work with their team and assist with the strategic planning to achieve their future goals."
BB&T provided the debt financing to Shaw's. BB&T is one of the largest financial holding companies in the United
States. BB&T offers a full range of consumer and commercial banking services, securities brokerage, asset management, mortgage and insurance products and services.
Heritage Capital Group is an independent investment banking and financial advisory firm serving middle-market and emerging growth companies in the U.S. and worldwide. For more than 39 years, Heritage has provided objective advice to private companies in the areas of mergers, acquisitions and divestitures; business valuations; debt and equity capital raises; corporate restructurings; and financial and strategic advisory services focused on enhancing the value of business enterprises. Heritage Capital Group is a FINRA registered broker-dealer and the Florida office of M&A International Inc, a global organization of 650 professionals comprising 47 firms in 40 countries.