Huntington Capital, through its third fund, has provided preferred equity and mezzanine debt as a growth capital investment in Cubex, a provider of cloud based inventory management and point of use dispensing services in the healthcare, veterinary and dental markets. The capital will be deployed to help drive growth as the company executes on new contracts.
“We have been very impressed by the team at Cubex and their laser focus on understanding and meeting their client’s needs, which is reinforced by an extremely supportive and rapidly growing customer base. We look forward to partnering with the Cubex management team and being a part of the next phase of value creation at the company,” said Frank Mora, Principal of Huntington Capital.
Cubex is a provider of health care products and services that help healthcare, veterinary and dental practices reduce the cost of ownership associated with pharmacy and supplies. The company’s technologies include Cubex automated dispensing systems, CubexRx narcotic management stations, QBud wireless access devices and the myCubex Web-hosted software and business intelligence application. The company was founded in 2008 and is headquartered in Tempe, AZ (www.cubexsystem.com).
“We are excited about our partnership with Huntington Capital. Their expertise in structuring a financial vehicle that’s meets the needs of a young growth company has been invaluable,” said Anton Visser, Cubex’s founder and CEO.
Huntington Capital is a mezzanine capital provider to lower middle market companies throughout California and the Southwestern United States. Huntington is operating three limited partnerships and is currently seeking new investments for its recently formed Huntington Capital Fund III. Huntington invests in businesses generating between $10 million and $75 million in revenues across a range of industries. Investments are typically structured in the form of growth capital, buyout or acquisition financing ranging between $2 million and $7 million. The firm was founded in 2000 and is based in San Diego (www.huntingtoncapital.com).
MDB Capital Group acted as exclusive advisor to Cubex in the transaction.
© 2014 PEPD • Private Equity’s Leading News Magazine • 5-14-14