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Stellus Capital Management, LLC Provides First Lien and Equity Financing in Support of Summit Park’s acquisition of Exacta Land Surveyors

Mar 19, 2019

Houston – TX, March 19, 2019 – Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided a senior secured credit facility and equity co-investment in support of Summit Park’s (“Summit Park”) investment in Exacta Land Surveyors LLC (“Exacta”), a leading provider of land surveys and field management services used to facilitate residential and commercial real estate transactions.

Based in Cleveland, Ohio, Exacta provides land surveys to a broad customer base of title insurance companies, mortgage lenders, attorneys, homebuilders, real estate brokers, and homeowners. Additionally, the Company offers utility/municipal lien search services, elevation certificates, and estoppel reports. Exacta currently operates in six states, including Ohio, Illinois, Florida, Maryland, Virginia, and Texas, and provides vendor management services to help customers procure surveys outside of its current geographic footprint. The Company’s best-in-class business model enables Exacta to provide customers with high levels of service, quality, and reliability, which make the Company the provider of choice in each of its markets. Exacta has also developed industry-leading software, SurveyStars, which is offered to surveying firms as software as a service.

Gavin Roseman, Managing Director at Stellus, added, “We are excited to partner with Summit Park and the Exacta management team. We believe Exacta is a unique platform that is well positioned for further growth due to its continued innovation, differentiated product offering, and supportive financial sponsor. We appreciate the opportunity to support Summit Park and Exacta’s ongoing success.”

For inquiries related to this press release, please contact:
Gavin Roseman
(713) 292-5421