Merit Harbor Group Capital Raise Helps Skycast Solutions Get Off the Ground
Seattle, Washington (PRWEB) April 01, 2015 -- Skycast Solutions works with airlines to develop low-cost, high-impact portable in-flight entertainment (IFE) solutions. Merit Harbor Group is an M&A and Investment Banking and Advisory firm headquartered in the Seattle-Tacoma area. It is one of the fastest-growing investment banking firms in the country, with regional offices in Boston, Las Vegas, Los Angeles, and Portland, Oregon.
In late 2014, the Seattle-based firm Skycast Solutions faced a dilemma: raise capital, or risk losing a major contract it had just won with Alaska Airlines. Alaska had just decided to RFP their IFE business. Skycast had to compete with every major portable IFE company in the world to win the business – and they needed $3.5mm in capital to fund the program.
One of Skycast’s early investors recommended Seattle/Tacoma-based Merit Harbor Group to help provide the critical funding. Says Skycast founder and CFO Greg Latimer, “We engaged in earnest in early November and were fully funded by Jan 30th. We couldn’t be more thrilled with the customer experience that we got with Craig Dickens and the Merit Harbor team. We relied heavily on them to navigate us through an intimidating and unfamiliar process – and without them, we simply would not have had the financing in time to launch.”
Today, Skycast Solutions is one of the largest portable in-flight entertainment providers in the world, and the Windows tablet is winning rave reviews from both customers and flight attendants alike. The company is on track to meet its goal of becoming the largest portable provider of in-flight entertainment in the world by the end of 2015, and Merit Harbor Group was the fuel that launched Skycast Solutions’ success.
Merit Harbor Capital is an M&A and Investment Banking and Advisory firm serving lower middle market companies from 10mm – 500mm in revenues. Part of the OfferBoard Securities - Corporate Finance Group, we are able to raise capital and execute M&A transactions. We deliver a nationwide presence, multiple industry specialists, and a diverse deal network unrivaled in the industry. To learn more about these Seattle-area companies, visit Merit Harbor Group and Skycast Solutions.
Craig Dickens, Merit Harbor Group, http://www.meritharborgroup.com, +1 253.327.1490 Ext: 1, [email protected]
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