Symco Group, Inc Announces Partnership with Seaview Capital Advisors
May 14, 2007
Suwanee, GA - 05/14/2007 – Symco Group, Inc., a leading provider of on-site support, remittance applications, and disaster recovery services for the financial, government, and private sectors, announced today that it has executed a partnership with Seaview Capital Advisors, LLC, a New York-based investment firm. “Because of our commitment to our employees and customers, we were very diligent in who we brought into our company. We chose to partner with Seaview because of their history of successfully working with companies such as Symco Group, Inc. I’m very excited about building on our stellar history and the ability to grow our company in terms of quality of service, support and market size,” said Michael Williams. Michael Williams has been appointed President and CEO of Symco Group, Inc. and the core members of the company’s management staff remain in place. Michael Williams has spent his entire career working with Symco Group, Inc. and has operated the company for the past 5 years. Steven London has been appointed CFO of Symco Group, Inc. Steven London’s career has included working as the Treasurer of Monster.com for their European division. With over 100 employees located in 38 states, Puerto Rico, and the Republic de Panama, Symco Group services more than 400 clients. “Symco Group fits perfectly within Seaview’s portfolio.Symco is poised for dramatic growth and, with Seaview’s long-term commitment of capital and human resources, we intend for Symco to dominate its marketplace in short order," said David Montoya, Managing Director of Seaview Capital Advisors, LLC. "Symco Group's customers and employees will experience increased levels of quality of service and support due to an infusion of new growth capital." About Symco Group, Inc: Symco Group Inc (www.symcogroup.com) is the recognized leader for on-site maintenance support of check processing equipment, mail opening hardware, automatic teller machines, and document imaging hardware to the remittance and check processing industries. Symco Group provides solutions for all size companies including Fortune 500 Corporations; Government Organizations; Lockbox and Commercial Billers, Financial Institutions ranging from Top 100 national banks to locally owned independent community banks. Its customers include Regions Bank, Lockheed Martin, State of California Treasury, Koch Industries, Home Shopping Network, Fiserv, AllState Insurance, Regulus Group, LLC, and J&B Software. About Seaview Capital Advisors: Seaview Capital Advisors, LLC (www.seaviewcapitaladvisors.com) is a New York-based investment firm that invests in growth financing, management buyouts, recapitalizations, restructurings, and other corporate situations that present profitable long-term opportunities in the small business sector. Seaview invests opportunistically in core industries where the principles have solid experience. Those industries include, but are not limited to, manufacturing, business services, financial services, specialty distribution and information technology. The principles of Seaview have spent the majority of their careers managing, advising and investing in small businesses and understand the unique challenges of managing them.
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