SF Closes Debt Financing for Accordant Communications, LLC


Accordant Communications, LLC (www.acc-com.com) is a leading telecom service provider focused on Broadband Network Development (copper, fiber or licensed or unlicensed wireless). Accordant has extensive experience at designing, integrating and supporting robust, secure, fully converged networks incorporating the latest solutions available in the telecom industry in both dense urban as well as rural environments.

With the financial advisory support of Scale Finance, Accordant has closed an institutional growth capital transaction through Fulton Bank, the lead banking subsidiary of Fulton Financial Corporation. To support significant contract wins and a growing backlog within the telecom markets, and to expand Accordant’s balance sheet, the Company engaged Scale Finance LLC to raise growth capital. Fulton Bank, through its Government Contracting and Technology Banking Group, provided Accordant an innovative working capital facility with critically important flexibility and attractive terms.

Accordant was formed in 2009 to provide critically needed services to the communications providers as they expand and upgrade their networks to meet the growing demands of their customers. The principals of Accordant have worked together as a team for decades and have the experience of starting and nurturing two successful telecommunication contracting firms and selling them to larger companies.

The broadband world is undergoing major changes. Wireless platforms such as LTE are delivering data speeds that were available exclusively via fiber optics only a few short years ago. The Accordant Executive Team has the experience of deploying a nationwide 4G network and has a full understanding of just what can be expected from this exciting technology.

Accordant provides turnkey, comprehensive Broadband Network Development – Planning, Design, OSP, Engineering, Construction, Construction Management, Turn-Up, Testing & Activation, Integration, Operation and Maintenance. Accordant is active and participating members of the Verizon LTE Developers Community, the US Department of Commerce’s NTIA PCSR Public Safety Network Demonstration Team and Smart Grid Interoperability Panel.

About Scale Finance – Scale Finance LLC (www.scalefinance.com) provides support in raising capital, executing M&A transactions, contract CFO services, and Controller solutions to entrepreneurial growth companies. The firm specializes in providing strategic advisory and management for companies raising growth capital and considering M&A/recapitalization opportunities, cost-effective financial reporting, budgeting & forecasting, implementing controls, complex modeling, and business valuations. Most of the firm’s clients are growing technology, healthcare, business services, consumer, and industrial companies at various stages of development from start-up and expansion to tens of millions in annual revenue. Scale Finance LLC has offices throughout the eastern seaboard including Charlotte, Raleigh/Durham, Washington, D.C. and South Florida with a team of more than 50 professionals serving over 100 companies throughout the U.S.