Tri-City Storm

Company: USHL Tri City Storm & American Tier 1 Hockey, LLC (“AT1”, “TCS” or “Company”)

Financing Amount: $2,860,000

Financing Structure: $2,860,000 Conventional Loan

Financing Date: March 5, 2025

About the Company

David Vennetti is a serial entrepreneur and has provided his expertise in manufacturing, real estate development and sports related businesses for many years. He is currently involved in the development of an ice rink facility in Sarasota, FL in addition to the expansion of an existing ice rink in Palatine, IL and a mixed-use parcel adjacent to the Viaero Center in Kearney, NE. With his years of success, he has been the pillar of the growth of the USHL Tri City Storm which has produced over 20 NHL draft picks in the past seasons, more than any other junior hockey team. He has also managed and grown an Orbit roller rink into a premier ice hockey facility with its state of the art facilities. Its top of the line offerings provide a wide variety of clinics and programs for male and female hockey players of all ages and skill levels.

Situation

The growth and expansion of AT1 and its various businesses was no surprise. As a result, the capital needed to sustain the growth and continue its upward trajectory became necessary. The Company needed financing that was flexible enough for it to utilize for working capital in addition to sustain and grow operations while having cheap enough cost of capital that wasn’t restrictive. As such, the team over at AT1 needed to find a lender that understood the market and could provide suitable cash out of the real estate properties.

Solution

ACF was able to secure a favorable valuation on the real estate properties and lock down a $2,860,000 Conventional Term Loan facility for American Tier 1 Hockey, USHL Tri City Storm and the various businesses for David Vennetti. Not only are the funds going to propel the business forward, it will allow David and the team over at AT1 to expand its ice rink and hockey expertise to beyond just the Tri City area.

“Working with Alantes was an absolute game-changer for us. As a growing business, we needed the right partner to help us secure the capital necessary for our next phase of expansion. From the start, the team understood our needs and crafted a strategy that aligned perfectly with our goals. Their team’s expertise, capital markets knowledge, and dedication were evident at every step.” said David Vennetti.

The capital raise process was smooth, efficient, and assuring to say the least. The guidance we received was invaluable and we are now confident in our ability to scale and execute on our vision. We couldn’t have asked for a better partner in this critical phase of our business’s growth. I’m looking forward to our company’s future and will certainly love to work with the Alantes team again in the future.”

About Alantes

Alantes Corporate Finance (“Alantes”) specializes in capital raises and strategic advisory for small to middle market businesses across the nation. Our team prides itself on our ability to provide unique solutions for all of your business needs. Whether you’re looking to acquire a new company or additional working capital for operations, Alantes is your trusted source for business growth and expansion. Our multi-faceted approach allows us to craft creative solutions that adds value at the most critical junctures so you can focus your resources on core business activities.

For more information on this transaction, contact Alantes Corporate Finance at info@alantes.com
Alantes Corporate Finance, LLC
234 5^th Avenue, 2^nd Fl
New York, NY 10001
www.alantes.com

March 5

Tagged Transaction