Tampa's Vology Data Systems Closes $32 Million Raise

OLDSMAR - Vology Data Systems announced the closing of a $32.5 million capital raise. The capital will be used by the Company to refinance outstanding sub debt and preferred stock and to fund key growth initiatives, including potential acquisitions. The growth equity investment was led by Boston-based LLM Capital Partners, a private investment firm specializing in growth equity investments in middle market companies. Banyan Mezzanine Fund, and Harbert Mezzanine Partners II, provided additional funding.

Hyde Park Capital served as the investment banker and exclusive financial advisor to Vology for these transactions and sourced the new capital for the Company.

”This infusion of new capital substantially improves our balance sheet and will enable Vology to more rapidly advance our market position and extend our product and service offerings to meet the evolving needs of our current and expanding customer base” said Barry Shevlin, Vology CEO.

Vology Data Systems is a provider of new and pre-owned manufacturer products with headquarters in Tampa, and offices in Atlanta, Syracuse, Denver, Sacramento and Santa Barbara.