Monday, February 2, 2009
WAYNE, Pa. — Paragon Ventures announced last week it has formed Highway Capital to provide business owners with access to broad-based capital for growth, recapitalization and expansion. According to the merger-and-acquisition firm, the new division "will serve a critical and expanding need for companies looking to monetize their equity and recapitalize their companies as the Obama economic stimulus plan unfolds and our economy recovers." Qualifying businesses must generate over $10 million in sales and a minimum of 15 percent net cash flow.