iControl Universal Collaboration Solutions, a Burtonsville, MD-based provider of process improvement, payment settlement, and collaborative business intelligence solutions for the food, drug and convenience value chain, closed a $20m growth capital facility.
Goldman Sachs Specialty Lending Group provided the financing.
The company will use the proceeds to bolster its balance sheet and finance its growth.
Led by Tal J. (TJ) Zlotnitsky, Chairman and Co-CEO, iControl processes and remit funds for millions of invoices annually, while providing real-time visibility to store and item level inventory and sales data. The network includes over 30,000 retail outlets and over 3,000 distributors and manufacturers in all 50 states.
Major retail clients include Kroger, Safeway, Supervalu, CVS, Ahold USA, Rite Aid, TGI Friday’s, Walgreens, Wakefern, and Starbucks. Major manufacturer clients include Coca-Cola, Miller Coors, ConAgra, Pepsico, General Mills, Kimberly Clark, and Unilever. Major wholesale distributor clients include Bimbo, Nestle Ice Cream, Southern Wine & Spirits, Flowers Foods, Republic National, Gannett, Hudson News, Tribune Company, Dean Foods, Ben E Keith, NDA, TNG and Silver Eagle. Major strategic partners include software companies PDI and VIP.
FinSMEs
17/12/2015