Company News


November 19, 2018

Transaction:

The Capital Corporation is pleased to announce the sale of ImageQuix, Inc (headquartered in Greenville, South Carolina) to Alpine SG, LLC ("ASG", headquartered in Walnut Creek, California).  ImageQuix is a software-as-a-system (SaaS) model, e-commerce company serving the needs of professional photographers, photography studios and photo labs worldwide, automating their workflow and enhancing their productivity.  ASG is a group of market-leading vertical SaaS companies focused on buying, building, and operating great software businesses.

Over the last twenty years, ImageQuix has evolved in response to the booming growth in the professional photography industry brought about by the emergence of digital photography.  ImageQuix is now the industry's leading integrated, e-commerce, and Smart Workflow productivity software provider whose products address every step in professional photography from image creation, organization and marketing through to consumer purchase. The newly released BlueprintTM product was developed to be the first end-to-end solution for the high-volume photography industry.

Mark Valente, Founder and Chief Executive Officer of ImageQuix, commented "We are excited about becoming a member of the ASG team and believe ASG will add new leadership and empower existing management as we strive to achieve our extraordinary and profitable growth potential.  ASG also strengthens our ability to roll out our revolutionary new BlueprintTM product to the industry."

 

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July 26, 2018

Transaction:

The Capital Corporation is pleased to announce that ProSource, LLC ("ProSource", headquartered in Greenville, South Carolina) has secured growth capital from CID Capital ("CID Capital", headquartered in Indianapolis, Indiana).  ProSource is one of the premier plumbing, kitchen and lighting solution providers in the Southeastern United States, operating five showroom locations across the Upstate of South Carolina/Western North Carolina markets.

For the last twenty-two years, ProSource has established itself as the region's market leader in providing value-added distribution solutions to leading plumbers, builders, contractors, designers, and home owners.  ProSource's combination of (i) offering value-add, consultative sales with a seasoned salesforce averaging nearly 20 years of industry experience, (ii) providing access to the most robust inventory in the marketplace, and (iii) generating 98% fill rates and 90%+ on-time delivery rates have fueled double digit annual growth rates for the last five years.

Given the significant growth opportunities facing ProSource, the company wanted to accelerate its business plan further by partnering with the growth investor, CID Capital.

Grover Martin, CEO of ProSource, commented "We are very excited to be partnering with the CID team.  Their strategic thinking and access to growth capital will allow us to invest further into the business and offer our customers even more comprehensive solutions at an even higher level of service."

 
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