Rippe & Kingston Capital Advisors (RKCA) served as the exclusive Capital Advisory firm to Jim Wynn, a Michigan attorney in a recent transaction. Mr Wynn, along with an investor group, recently purchased the Arnold Transit Company, Union Terminal Piers, Straits Transit Company and associated real estate in northern Michigan.
Wynn, who lives in Petoskey, Michigan chose RKCA to assist him in arranging the financing for the purchase. "I was introduced to Rippe & Kingston by mutual friends and business associates in the Cincinnati area. RKCA went above and beyond the usual duties of capital advisors. This transaction would not have come to fruition without RKCA's extraordinary efforts.," Wynn says.
As a registered broker-dealer, RKCA was able to offer additional financing solutions. They arranged senior bridge financing with backing from a guarantor group so Wynn was able to acquire both the Arnold Transit Company and other entities. Arnold is the largest of three ferry service providers and the major freight transport to and from Mackinac Island, Michigan.
