CVE

Coil Partners Announces Growth Equity Financing for CVE Technology Group, Inc.

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Coil Partners is pleased to announce the successful completion of a growth equity financing for its client, CVE Technology Group, Inc. ("CVE"). Acting as the Company's exclusive financial advisor, Coil was responsible for structuring, negotiating and closing the transaction.

Headquartered in Allen, Texas, CVE is an industry leading high volume provider of carriergrade repair and refurbishment solutions for smartphones and mobile devices for industry leading OEMs, wireless carriers, major retailers and resellers. CVE specializes in the repair and refurbishment of both Android and Apple smartphones for in and out of warranty repair and exchange programs, customer insurance and extended warranty claims.

Leveraging its proprietary manufacturing capabilities along with favorable industry trends, CVE has rapidly expanded its customer base, unit volumes and earnings growth and in turn, its need for growth capital.

Advising both senior management and the Company's founder and owner, Coil was successful in sourcing CVE's first institutional capital raise with Bison Capital, an industry leading private equity firm focused on minority investments in middle-market companies. The completion of this financing along with capital from its commercial lender represents a significant milestone for the Company and its senior management team and positions CVE to further pursue its expansion and sales growth objectives.