IBA
Partner News
IPA AI Services LLC Obtains $1,760,000 Financing For Locoli, Inc. /DBA St. John’s Sports
Contact:
Jennifer Valencia Cumbee
IPA
847-808-5590
Jennifer.Cumbee@iba-usa.net
Buffalo Grove, Ill. (December 17, 2004) - IPA AI Services, LLC (IPA A&I Services), acted as the exclusive financial advisor to Locoli, Inc./ dba St. John’s Sports and arranged for $1,760,000 funding from Fifth Third Bank, as announced today by Charles Botchway, Director of A&I Services.
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The company has $91 billion in assets, operates 17 affiliates with 961 full-service Banking Centers in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee and West Virginia. Fifth Third's affiliate banks are recognized by rating agencies with deposit ratings of Aa and Aa-1. Additionally, Fifth Third Bancorp maintains the highest short-term ratings available at A-1+ and Prime-1 and is recognized as one of the highest senior debit ratings for any U.S. bank holding company of Aa-2. Fifth Third operates four main businesses: Retail, Commercial, Investment Advisors and Fifth Third Processing Solutions. More information can be found at http://www.fifththird.com.
Locoli, Inc/St. John’s Sports, founded in 1985 and located in Northwest Indiana, focuses on sales of soft goods such as customized clothing for team sports such as little leagues and school teams, corporations, clubs and churches. The company also manufactures hard good such as baseballs, bats, gloves, soccer balls and footballs. The leading vendors for Locoli, Inc./St. John’s is Russell Athletic, Wilson and Rawlings, provide T-shirts, sweatshirts, customized or screen print uniforms and sporting equipment.
IPA AI Services is an accomplished advisory firm and is dedicated to assisting entrepreneurially owned companies with developing successful strategies and securing the financial resources necessary to drive their growth. A&I Services and its professionals are experienced in working with small and medium-sized businesses, helping them navigate each stage from start-up through emerging growth and beyond. IPA A&I and its alliance partners, IPA, IBA, ITA and AAL, provide comprehensive business advisory services and tax strategies to companies in the United States, Canada and other locations worldwide. Additional information is immediately available by visiting http://www.aiservices.com, http://www.ipa-c.com, http://www.iba-usa.net and http://www.internationaltaxadvisors.com. The Public Relations Department may be contacted at: telephone (847) 495-6786; facsimile (847) 495-6773.