Hennessey Capital invests $4.6M, planning for more

Hennessey Capital finances again, this
time striking five deals. Three of them will provide funds to help a
few Michigan-based firms grow.

The five deals represent $4.6 million in financing. That’s on top of the $3.6 million in deals that the firm brokered earlier this spring, with more expected to be announced later this year.

“We don’t stop,” says Mike Semanco, president of Hennessey Capital. “My objective is to do as many deals as we did in the first half.”

Its
loans include $1 million for a printing and creative design firm,
$500,000 for a staffing company, and $50,000 for a precision machine
shop.

Hennessey Capital, based in Huntington Woods, is a
specialty finance company that provides working capital to small and
mid-sized businesses. This funding allows the companies to grow and
often pays for payroll expansion or equipment investment.

Source: Mike Semanco, president of Hennessey Capital
Writer: Jon Zemke