Fast growing provider of European-inspired, tailored clothing for men and women, Kuhlman Company Inc reported that it has closed on $4,387,500 of new equity financing through a private placement.
US Bank was the lead investor, with a $3,825,000 investment, backed by Archer Equity's commitment of $562,500.
Kuhlman Company Inc has issued 1.95 million new shares of equity at a price of $2.25 per share to secure the financing.
Scott Kuhlman, President, commented, "They are very pleased with the ongoing support of the investment community as they build their business.
They are confident that they have a national roll-out opportunity and a clearly defined niche market.
They are growing their store base and expanding their operational capabilities at a strong pace and believe that they are in a position to create significant value for their shareholders over both the near and long-term."
Luis Padilla, Chief Executive Officer, commented, "They are building, with the help of their investors, a highly capable operational platform for the future.
They have tremendous growth opportunity in an exciting market and a unique retail concept with strong economics.
They are gratified to have the support of such high-quality investors and look forward to demonstrating their ability to generate excellent returns on invested capital."
Sean McLeod of US Bancorp Investments commented, "Kuhlman's emerging brand name and growth potential offers a unique investment opportunity.
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