Calcars Corporation with headquarters in Rockford, Illinois, operates in the alternative financial services market, which includes such services as buy-here / pay-here auto sales, pay day loans, check cashing services, and more. As the fourth largest chain of buy-here / pay-here auto stores serving the sub-prime segment of the used vehicle market, the owners of the business were seeking to explore their financing and ownership options. A repeat client, Promontory assisted in securing new financing arrangements for the business and two years later advised the owners on strategic alternatives for the business.
By Christopher Riegg
Christopher Riegg, CFA, CPA is the Founding Partner of Promontory Strategy Group (PSG), providing strategic and financial advisory support to privately held and family-owned businesses. He also co-leads Promontory Point Capital (PPC), the investment banking firm he co-founded in 2004, and is the creator of RieggInsights.com, a platform focused on strategic growth, value creation, and successful transaction outcomes.
