Expansion of Acquisition Funding Program
Vineyard Capital recently expanded its commitment to its Operating Partners by issuing new equity units and bringing in significant additional investments funds. The company welcomed approximately 15 new investors and also received additional funds from approximately 40 of its current investors. With these available funds, Vineyard has committed approximately $75M in new acquisition funding to its operating partners.
Jeff Boutwell, Vineyard’s Managing Member, commented “With a lot of trial and error we’ve realized the key to investing success is in partnering with the right operators. And we’ve been very fortunate to be invested with extremely talented, motivated and progressive business operators, who have the highest personal integrity.” Boutwell added “These values don’t show up in a spreadsheet, but are critical when creating and executing a business plan. Our confidence in our partnerships has allowed us to continue to bring in investor funds as needed and to provide our Operating Partners with unlimited financial support to grow their companies”.
Vineyard was founded in 2002 when it provided funding for the purchase of three funeral home properties in Georgia. Since that time, Vineyard has continued to expand and fine tune its funding program so that today it is partnered with approximately 70 individual businesses, the majority of which are owned by five operating partners.
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