Investment Summary

Massachusetts Capital Resources Company Invests In Promoboxx

On September 1, 2023, mezzanine finance firm Massachusetts Capital Resources Company invested in marketing company Promoboxx

Investment Highlights
  • This is Massachusetts Capital Resources Company’s 2nd transaction in the Marketing sector.
  • This is Massachusetts Capital Resources Company’s 29th transaction in the United States.
  • This is Massachusetts Capital Resources Company’s 28th transaction in Massachusetts.

Investment Summary
Date 2023-09-01
Target Promoboxx
Sector Marketing
Investor(s) Massachusetts Capital Resources Company
Deal Type Growth Capital

Target

Promoboxx

Boston, Massachusetts, United States
Promoboxx is a digital marketing platform that helps businesses connect with their local retailers to promote their brands and products. The platform enables brands to create and distribute marketing content to their retailers and also provides tools to measure the effectiveness of the campaigns. Promoboxx was formed in 2010 and is based in Boston, Massachusetts.

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Investor(S) 1

Investor

Massachusetts Capital Resources Company

Boston, Massachusetts, United States

Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1977
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Massachusetts Capital Resource Company (MCRC) is a limited partnership privately owned and funded by Massachusetts-based life insurance companies. MCRC provides mezzanine financing for businesses with $3 to $100 million in revenue seeking capital to fund growth, strengthen balance sheets, or complete acquisitions. MCRC will consider investments in technology and non-technology companies seeking capital of $1 to $5 million. MCRC was formed in 1977 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 29 of 34
Sector (Marketing) 2 of 2
Type (Growth Capital) 12 of 16
State (Massachusetts) 28 of 33
Country (United States) 29 of 34
Year (2023) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-22 Consolidated Sterilizer Systems

Billerica, Massachusetts, United States

Consolidated Sterilizer Systems manufacturers steam sterilizers, also known as autoclaves, for laboratory and medical use. Consolidated Sterilizer Systems was founded in 1946 and is based in Billerica, Massachusetts.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-22 wTe Recycling

Bedford, Massachusetts, United States

wTe Recycling scrap iron, copper, aluminum and other metals for sale to domestic and international steel mills. wTe Recycling was founded in 1990 and is based in Bedford, Massachusetts.

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Mergr

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