MANHATTAN BEACH, CA – CriticalPoint Partners, LLC (“CriticalPoint”) is pleased to announce that it acted as the exclusive financial advisor to YSN Imports, Inc. d/b/a Flame King (“Flame King” or the “Company”) on its recapitalization with Main Street Capital Corporation (NYSE: MAIN) (“Main Street”). Main Street, along with its co-investor, completed the new portfolio investment to provide growth capital and to support the Company’s future initiatives and working capital needs.
Founded in 1998 and headquartered in Pico Rivera, California, Flame King (www.flameking.com) is a leading supplier of propane storage solutions and accessories. The Company sells its products to recreational consumers via retailers, propane tank exchangers, RV OEMs and direct to consumers through eCommerce platforms. The Company also supplies commercial and industrial customers and offers a complete line of steel propane cylinders including refrigerant, buffer, and forklift cylinders available in various sizes ranging from 1 lb. to 420 lb. for recreational, commercial, industrial, and home applications.
Israel Schochet and Sam Newman, Flame King’s founders commented, “The CriticalPoint team was an invaluable resource to guide us through our transaction process with their expert strategic advice. We are extremely pleased with the client servicing and attention to detail throughout the transaction as we look forward to our future growth.”
CriticalPoint served as the exclusive financial advisor to Flame King in connection with the transaction. The transaction, led by Diane Cabo and Nick Cipiti on behalf of CriticalPoint, demonstrates the firm’s expertise in middle market transactions and commitment to act as a trusted advisor with proven abilities to deliver for its clients.
About CriticalPoint Partners
Headquartered in Los Angeles, CriticalPoint Partners is a leading middle market M&A advisory and investment banking firm focused on sourcing, negotiating, and executing a range of corporate finance solutions to enhance shareholder value while building long-term partnerships with our clients. To learn more, please visit www.criticalpointpartners.com.
Please contact Diane Cabo or Nick Cipiti with any questions about this transaction.
Direct: (310) 321-4406
Direct: (310) 321-4172
Ms. Cabo and Mr. Cipiti are Registered Representatives of and Securities Products offered through BA Securities, LLC Member FINRA (www.FINRA.org), SIPC (www.SIPC.org). CriticalPoint Partners, LLC and BA Securities, LLC are separate and unaffiliated entities. Any testimonial or endorsement may not be representative of the experience of other customers and is no guarantee of future performance or success.
Transaction completed in conjunction with BA Securities.