Editor’s note: Local Tech Wire features a venture capital or investment firm each business day. The series was compiled by Matthew Burns and Daniel Pearson. Founded six years ago by Bank of America veteran Jay Carter, Remington Capital is an investment banking firm that caters to mid-market companies, offering private placements to fund management buyouts, re-capitalizations or expansion plans.

The Charlotte-based firm’s principals help determine a company’s financing needs, recommend a structure and strategy to raise the specified capital, prepare requisite presentation materials and assist the company in closing the transaction.

Remington also acts as an advisor on mergers and acquisitions, with a target transaction range of $5 million to $50 million. The firm helps companies identify strategic goals, assess market conditions, develop valuations, meet prospective partners and negotiate transactions. Among those it has assisted are Temporary Staffing of Gastonia and WorldWide Forms of Charlotte.

Through its affiliated private equity group, Remington Capital Partners, the firm also makes direct investments on a selective basis in established and emerging growth companies located nationwide. Its portfolio includes T-Square and VideoGate Technologies of Charlotte.

Here’s the skinny:

Featured Firm: Remington Capital

Mailing address:

5955 Carnegie Boulevard, Suite 125
Charlotte, NC 28209

Phone number: (704)556-7200

Web site: http://www.remingtoncapital.com

Management Team:

James L. Carter, Jr., president
Allen Kendle, managing partner
Gary Parker, vice president

Focus of firm: Remington Capital selectively arranges private placements of capital for management buy-outs, re-capitalization and expansion.

Companies funded over the last five years (amount and round for each co.):

Barrett Business Services, Inc.
HR America, LLC
Team Vest, LLC
T-Square, Inc.
VideoGate Technologies, Inc.
Soverign Business Forms, Inc.

How many new deals do you expect to fund in 2002: undetermined

In what size range: $5 million to $50 million

Sweet Spot (types of deals, stage of the company): Provides private placements of capital, offers strategic advisory services and makes direct investments in emerging growth companies throughout the U.S.

Most important attributes for companies seeking funding: Company must have clearly identified strategic goals and objectives, a balanced approach to developing preliminary market valuation, and must assist in all negotiations, due diligence and closing, among other criteria.

What differentiates you: Full-service investment banking firm uniquely positioned to provide creative.

Tuesday’s profile: River Cities Capital Funds