Clear Vision Impact Fund Announces Latest Round of Investments
Siebert Williams Shank
Since its final closing in March 2022, the Clear Vision Impact Fund (Clear Vision or CVIF) has provided loans to minority-owned businesses across the U.S. It has originated loans to seven portfolio companies, including two new investments that closed last month. "The Clear Vision team embraces the opportunity to provide liquidity and growth capital to small and mid-sized businesses that serve communities in a manner that is consistent with our impact mission," said Christopher J. Williams, principal of Clear Vision’s general partner and Chairman of Siebert Williams Shank & Co., LLC. "We are energized that our portfolio companies, which span a range of industries, strive to save jobs and increase job training among underserved communities." "The CVIF loan played a critical role in P&THE Manufacturing Acquisition’s first acquisition of Ross Aluminum. We had to work expeditiously in closing the deal, condensing a timeline that would normally take four to five months down to six to eight weeks at the behest of the previous owner,” said Pancho Hall, CEO and Chairman of P&THE Manufacturing. “Thanks to the professionalism, accuracy, and pure determination of all responsible parties, we were able to finalize the loan and close on this amazing opportunity, which positions us to capitalize on our strategy to gain a collection of world-class enterprises that serve global communities as their minority-business enterprise of choice." “The asset management business needs a big funnel to find innovative solutions that impact the broader society,” said Dabo Horsfall, Founder and CEO of Tensile Investments. “CVIF has been a true growth partner; their approach to investing is fair, their feedback is constructive, and their approach to partnership is genuine. CVIF has supported Tensile’s mission to provide clean mobility solutions that improve the lives of ALL people while developing electric vehicle charging infrastructure in a profitable manner.” “Valeo Networks teamed with the Clear Vision Impact Fund in October 2021 for the purpose of growth through acquisition. As our financing partner, Clear Vision has fueled our acquisition growth, allowing us to double in size by funding three acquisitions in our first year of partnership, making Valeo Networks one of the 50 largest Managed Security Service Providers (MSSPs) in the United States,” said Travis Mack, CEO and Chairman of Valeo Networks. “Clear Vision has been very flexible and worked closely with Valeo to gain a detailed understanding of our business model and acquisition strategy, which helps us to be nimble and efficient during acquisition. We look forward to continuing to work with Clear Vision and continuing our growth to more than $50 million annual revenue over the next 2-4 years to become one of the 10 largest MSSPs nationwide.” “The Clear Vision Impact Fund partnered with Medi-Fare in the immediate aftermath of the COVID-19 pandemic. Whether it is collaborating on enhancing our business through new client targets, crafting impact strategies to increase local hiring, or producing marketing materials, the Clear Vision team has never viewed a task as too small. We look forward to its continued support in 2023 as Medi-Fare scales its production capacity,” said Artis Terrell Jr., CEO of Medi-Fare Drug Pharmaceutical Compounding. “At CVIF, we have been fortunate in continuing to source unique opportunities to support diverse entrepreneurs and investors that not only share our passion for positively impacting underserved communities, but also demonstrate that impact and financial performance are not mutually exclusive,” said Kyle C. Sligar, Chief Credit Officer and Portfolio Manager of the Clear Vision Impact Fund. We look forward to deploying more customized debt solutions for both existing portfolio companies and new prospects as they execute on their growth initiatives.” In addition to providing financing, Clear Vision aims to support portfolio companies by working with them to define and execute on their impact goals, evaluating proposed operational improvements and strategic initiatives, and introducing them to prospective customers and partners, among other things. To date, Clear Vision has provided loans to seven African American-owned businesses, several of which are detailed below. P&THE Manufacturing, headquartered in metro Detroit, is a minority-owned holding company comprised of businesses that provide manufacturing solutions. It differentiates itself in the marketplace as a true owner operator who has experience working in and managing businesses at the senior level ranging from the lower middle market to Fortune 100 companies. Learn more at www.rossal.com. Tensile Investments is an impact driven holding company that provides clean mobility options in transit deserts. It develops smart mobility hubs and funds clean first-last mile transportation. Tensile Investments partners with municipalities and private property owners to create smart mobility hubs by modernizing parking lots and garages to provide electric vehicle (“EV”) fleet parking and charging, electric micro-transit services, clean distributed energy services, public EV charging, and electric micro-mobility services. Learn more at www.tensileinvestments.com. Medi-Fare Drug Pharmaceutical Compounding is a minority-owned 503B pharmaceutical compounding facility registered with the Federal Drug Administration as an Outsourcing Facility. Medi-Fare serves as a partner to hospitals and other healthcare providers to supply much needed medications to help improve positive outcomes for their patients and fulfill the need for the ever-growing number of medicines in shortage or backorder situations. Headquartered in Blacksburg, South Carolina, it serves a range of medical facilities and acts as a health care partner for hospital systems, surgery centers, clinics, and doctor’s offices. Learn more at www.medifaredrug.com. Valeo Networks is a full-service, award-winning Managed Security Service Provider (MSSP) that serves state, county, and municipal markets; small-to-medium businesses; and non-profit organizations. Firmly seated in the top 5% of revenue generating MSSPs nationwide—making it one of the largest MSSPs nationally—Valeo Networks provides solutions in the areas of cybersecurity, compliance, cloud, network infrastructure, and managed IT services. With over 20 years of industry experience, Valeo Networks is headquartered in Rockledge, FL, with additional locations nationwide. Learn more at www.valeonetworks.com. A-1 is an established and fast-growing disaster-response company which provides on-demand resources, services, and logistics during catastrophes. Services include large-loss restoration services, commercial construction, staffing, restoration equipment rental & monitoring, as well as time and material documenting and preparation during natural disasters such as hurricanes, tornadoes, and freezing and flooding events that cause property damage. Headquartered in Charlotte, North Carolina, A-1’s extensive experience and seasoned personnel have allowed it to create a first-of-its-kind national network and partnership program that brings together service providers, supplies, equipment, and labor. Learn more at www.a1disasterresources.com. About the Fund SponsorClear Vision’s sponsor is an affiliate of Siebert Williams Shank, a leading non-bank financial services firm serving clients across industries and asset classes. It is both a minority-owned and women-owned enterprise. SWS Capital Management, an investment adviser affiliated with Siebert Williams Shank, serves as Clear Vision’s investment manager.To learn more about Clear Vision’s closings or investment portfolio, please visit www.clearvisionimpact.com. This press release (“Press Release”) is being published for informational purposes only regarding Clear Vision Impact Fund (“Clear Vision” or “CVIF”). One should not assume an investment in any of the described companies was or will be profitable. The companies listed in this Press Release do not represent all CVIF’s investments. All opinions, estimates and forecasts are based on information as of the date of this Press Release and are subject to change. Certain information contained in this Press Release constitutes “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “target,” “project,” “estimate,” “intend,” “continue” or “believe,” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements. CVIF has not vetted the companies’ websites and CVIF’s provision of the companies’ website links should not be considered an endorsement of the information presented there. Contact Details Tom Butler +1 646-213-1802 TButler@ButlerPR.com Christian Agredo +1 646-213-0286 CAgredo@ButlerPR.com Company Website https://www.clearvisionimpact.com/
February 22, 2023 09:30 AM Eastern Standard Time