Quaker American, LLC

Quaker American has acquired the rights to open the first in a series of Quaker Steak & Lube restaurants in the Tampa, Florida area. Quaker Steak & Lube is a successful casual dining, theme restaurant franchise with a particular focus on automobile, motorcycle, auto racing, and service station décor. To fund the acquisition and opening of the restaurant, and in conjunction with the $1,700,000 of equity, the Company obtained $3,500,000 in the form of a revolving line of credit and senior term loan.

MelCap Partners successfully represented Quaker American in the above transaction. As the Company’s investment-banker and financial advisor in this process, MelCap Partners developed the most favorable capital structure for the Company, and arranged and negotiated the requisite capital to fund the acquisition. Quaker American’s President, Bill Church, said, “It was when my financing options dried up that I was able to see the internal fortitude of MelCap. Let me say I am glad the MelCap team was ‘shaking the trees’ to get a tough deal through.”