CAROLINA FINANCIAL GROUP LLC


Associated tags: CFG, CFS

Locations: NORTH AMERICA, TEXAS, NORTH CAROLINA, NEW JERSEY, GEORGIA, OREGON, UNITED STATES, MICHIGAN, CALIFORNIA, FLORIDA, WASHINGTON, BREVARD, NC, US

Thomas Saykaly joins Carofin to lead its commercial real estate banking efforts

Retrieved on: 
Thursday, April 18, 2024

BREVARD, N.C., April 18, 2024 (GLOBE NEWSWIRE) -- Carofin and Carolina Financial Securities (collectively “Carofin”) are pleased to announce that Thomas Saykaly has joined the firm as a Managing Director to lead Carofin’s commercial real estate banking efforts.

Key Points: 
  • BREVARD, N.C., April 18, 2024 (GLOBE NEWSWIRE) -- Carofin and Carolina Financial Securities (collectively “Carofin”) are pleased to announce that Thomas Saykaly has joined the firm as a Managing Director to lead Carofin’s commercial real estate banking efforts.
  • “Carofin offers capital solutions to private commercial real estate operators, developers, corporate owner/occupier, and CRE investment funds, whether debt, equity, or hybrid capital opportunities through our broad network of high-net-worth accredited investors, family offices and institutions,” noted Bruce V. Roberts, Carofin’s C.E.O.
  • “I intend to leverage the firm’s broker-dealer syndication capabilities and try to custom-tailor the optimal capital stack.
  • Mr. Saykaly received an MBA in corporate finance from Bentley Graduate School of Business.

Steve Clifford joins Carofin as Managing Director

Retrieved on: 
Tuesday, February 13, 2024

BREVARD, N.C., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Carofin and Carolina Financial Securities (collectively “Carofin”) are pleased to announce that Steve Clifford has joined the firm as a Managing Director.

Key Points: 
  • BREVARD, N.C., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Carofin and Carolina Financial Securities (collectively “Carofin”) are pleased to announce that Steve Clifford has joined the firm as a Managing Director.
  • “Steve brings a wealth of experience, in particular in income planning, to our mission of offering direct private investments to high-net-worth-individuals and family offices,” commented Bruce V. Roberts, Carofin’s C.E.O.
  • Clifford was responsible for his firm’s sales through wirehouse, regional, and independent investment advisory channels.
  • “Building and managing sales teams, in particular in the financial services sector, has been my passion for over 35 years,” said Clifford.

Carofin and Blu Miles announce a new aviation investment vehicle to finance the acquisition of an Airbus A330 aircraft for teardown and parts resale

Retrieved on: 
Tuesday, August 8, 2023

“This fundraising assignment was wrapped up in a few weeks,” said Garrick Ruiz, VP of Sales and Syndication at Carofin.

Key Points: 
  • “This fundraising assignment was wrapped up in a few weeks,” said Garrick Ruiz, VP of Sales and Syndication at Carofin.
  • “On each new program, Carofin and Blu Miles continue to expand our aviation offerings and distribution network and provide ever-greater value to investors,” noted Blu Miles CEO David Deal.
  • The TF2 investment vehicle was created to meet that growing demand for used parts and maximize the residual value of the end-of-life aircraft.
  • Commenting on the collaboration, Owl Aerospace President Alon Cohen stated that “Carofin came highly recommended from Blu Miles.

Carofin Closes $2.5MM in Southeast Blueberry Farm Transaction

Retrieved on: 
Thursday, July 6, 2023

BREVARD, N.C., July 06, 2023 (GLOBE NEWSWIRE) -- Carofin and Carolina Financial Securities are proud to announce the closing of yet another investment in a blueberry farm in the Southeast, building upon last year’s successful raise for a similar farm.

Key Points: 
  • BREVARD, N.C., July 06, 2023 (GLOBE NEWSWIRE) -- Carofin and Carolina Financial Securities are proud to announce the closing of yet another investment in a blueberry farm in the Southeast, building upon last year’s successful raise for a similar farm.
  • Funded through the single purpose vehicle (SPV), Berry Capital Management II (BCM II), proceeds from this financing accomplished three objectives.
  • The financing secured a farm lease with an institutional agricultural Real Estate Investment Trust (REIT), purchased equipment to operate the farm, and provided working capital to prepare the crop for the 2023 harvest.
  • “Each farm further puts Carolina Berry Group in a position to support our retail customers better as well as our marketing partnerships,” said Brick Rooks, CBG’s CEO.

Carofin Completes Multi-million Dollar Financing for Corrosion Innovations LLC.

Retrieved on: 
Thursday, April 27, 2023

"Chlor*Rid™ has been a staple of the industry for over 30 years and was a strategic target of ours from day one," said Marlin Lester, CEO of Corrosion Innovations.

Key Points: 
  • "Chlor*Rid™ has been a staple of the industry for over 30 years and was a strategic target of ours from day one," said Marlin Lester, CEO of Corrosion Innovations.
  • He continued, "The liquid products and test kits are utilized all over the world by many different industry segments, including the U.S. military.
  • "The Chlor*Rid™ team has developed the premier salt testing and removal solutions," said Matt Valentine, Corrosion Innovations' new Director of Sales and long-term employee of Chlor*Rid™ Products.
  • CI engaged Carofin , a leading investment bank focused on direct private investment, to source a capital provider to complete its acquisition of Chlor*Rid™.

Flying High, Commercial Aircraft Parts Distributor Nails Safe Landing for Investment Returns Despite Turbulence

Retrieved on: 
Wednesday, March 8, 2023

Based in Branson, MO, DSC Trading has been a leading supplier of expendable and consumable commercial aircraft parts since 2002.

Key Points: 
  • Based in Branson, MO, DSC Trading has been a leading supplier of expendable and consumable commercial aircraft parts since 2002.
  • A major consideration for airlines is the time its aircraft are on the ground (AOG).
  • As each hour out of the air is an hour in which the aircraft is not profitable, it is essential that airlines have constant access to spare parts where and when needed.
  • Airlines depend upon maintenance, repair and overhaul (MRO) operators to conduct scheduled maintenance on their airplane fleets.

Carofin Completes $2M Equity Financing for TxtSmarter, LLC

Retrieved on: 
Tuesday, December 13, 2022

BREVARD, N.C., Dec. 13, 2022 (GLOBE NEWSWIRE) -- With record-breaking fines facing major financial services firms, Carofin and Carolina Financial Securities are pleased to announce they have successfully raised a total of $2,020,000 in Series A-2 Convertible Preferred Units for TxtSmarter, LLC which was a follow-on financing to a recently completed A-1 round.  Carofin’s growing network of accredited investors and family offices, looking to allocate capital into direct private investments, provided the financing.

Key Points: 
  • BREVARD, N.C., Dec. 13, 2022 (GLOBE NEWSWIRE) -- With record-breaking fines facing major financial services firms, Carofin and Carolina Financial Securities are pleased to announce they have successfully raised a total of $2,020,000 in Series A-2 Convertible Preferred Units for TxtSmarter, LLC which was a follow-on financing to a recently completed A-1 round.  Carofin’s growing network of accredited investors and family offices, looking to allocate capital into direct private investments, provided the financing.
  • San Mateo, California-based TxtSmarter has developed and patented a proprietary methodology for securely archiving private texting platforms and other social media messaging channels.  TxtSmarter is the only solution that addresses Apple's iMessage and Android’s SMS/MMS on the native level.
  • Edward Green, an experienced technology CEO and Founding Partner of Exigent Ventures, is the CEO of TxtSmarter, LLC.  A 26-year seasoned direct venture capital investor, he often invests in high-growth technology and business services.
  • For more information, visit Carofin’s website .

Carofin Completes $2.5M Growth Financing for InfoTouch Corp.

Retrieved on: 
Thursday, November 17, 2022

The funds were sourced through Carofins growing network of accredited investors and family offices looking to allocate capital into direct private investments.

Key Points: 
  • The funds were sourced through Carofins growing network of accredited investors and family offices looking to allocate capital into direct private investments.
  • My enthusiasm for the trajectory of this company is at an all-time high, particularly given our month-over-month growth of hardware sales, said ITC CEO Harry Nass.
  • InfoTouch used the proceeds of this financing to develop an additional high-margin revenue stream and to refinance existing indebtedness.
  • Were thrilled to have fully funded this loan for InfoTouch, said Nirag Shah, Carofins VP of Investment Banking.

Parachute Manufacturer Lands Safely With Help From Carofin

Retrieved on: 
Tuesday, September 20, 2022

Founded in 2019 and based in Pensacola Florida, Paradigm manufactures high quality, precision, military style parachute systems and associated defense products for use by commercial, government, and humanitarian customers worldwide.

Key Points: 
  • Founded in 2019 and based in Pensacola Florida, Paradigm manufactures high quality, precision, military style parachute systems and associated defense products for use by commercial, government, and humanitarian customers worldwide.
  • Paradigms management has decades of military service specific to parachute operations and related safety inspection with the United States Army.
  • Subsequently, they have held senior management positions at Safran, the largest parachute manufacturer in the world.
  • We are proud to partner with a company that can provide help to the people of Ukraine during this time.

Blueberry Farmer is Anything but Blue

Retrieved on: 
Wednesday, June 22, 2022

The U.S. is the largest producer of blueberries, a native to North America and first cultivated for sale in 1916.

Key Points: 
  • The U.S. is the largest producer of blueberries, a native to North America and first cultivated for sale in 1916.
  • Commercially grown in 26 states, they are the second most produced berry behind strawberries, whose annual growth rate has been eclipsed.
  • By helping us acquire this farmland, Carofin helped us reach a critical milestone, said Brick Rooks, CEO, Carolina Berry Group (CBG).
  • CBG secured one of the largest organic blueberry crops in the Southeast, a huge win.