Accounting
Centri Secures Growth Capital Facility to Accelerate Strategic Growth Plans
Centri's acquisition of a multi-million-dollar growth capital facility underscores the firm's ongoing commitment to executing its short and long-term strategic growth plans.
Jan. 09, 2024
Centri Business Consulting, LLC has secured a growth capital facility from Fulton Bank, a subsidiary of Fulton Financial Corporation.
Centri’s acquisition of a multi-million-dollar growth capital facility underscores the firm’s ongoing commitment to executing its short and long-term strategic growth plans. With this facility secured, Centri is poised to expand its footprint in existing target markets by expediting the establishment of new offices nationwide. Moreover, the facility will empower the Company to enhance its service portfolio, invest in technology to streamline operations, and support team growth, all while making valuable investments in training and professional development.
“From day one, an entrepreneurial spirit has powered everything that we do – from how we operate our business to how we serve our valued clients,” said Michael Aiello, CEO & Managing Partner of Centri. “Through this growth capital facility, we will have the opportunity to continue to execute the next phase of our strategic growth strategy and meet the needs of the market for years to come.”
Since its founding in 2011, Centri’s entrepreneurial spirit has powered its tremendous year-over-year growth. In the last three years alone, the firm has generated over 97% growth in its top-line revenue and more than doubled its employee count while also enhancing its geographic footprint in Massachusetts, Virginia, North Carolina, and Florida.
Christian DeChurch, CFO of Centri, added, “Our growth to date has only been possible through the hard work of our dedicated team and the support of valued and trusted partners like Fulton Bank, which has been with us from the very beginning. We are appreciative of Fulton Bank’s vision and their well-founded confidence in Centri. This growth capital facility will be instrumental in powering the evolution of our growth story.”
Michael Sullivan, Commercial Relationship Manager at Fulton Bank, continued, “We are impressed by Centri’s dedication to its clients, employees, and communities. Centri’s vision aligns seamlessly with our commitment to supporting businesses focused on growth and excellence. We are pleased to extend our partnership with Centri through this next phase of their growth and evolution.”