General Automotive Company, a North American provider of aftermarket parts and advanced technology for the automotive industry, has engaged New York-based investment banker Jesup & Lamont Securities Corp. to assist the company in raising growth capital.
Joseph DeFrancisci, president and CEO of General Automotive, said Jesup & Lamont will introduce General Automotive to potential investors in one or more transactions expected to include some combination of debt and equity. There is no assurance Jesup & Lamont and/or General Automotive will be successful in raising capital.
"We are pleased that Jesup & Lamont will be assisting us in raising the capital we need to strengthen operations and advance our acquisition strategy," said DeFrancisci, president and CEO of General Automotive. "Jesup & Lamont is one of Wall Street's oldest investment banks and has a solid track record of helping emerging growth companies with their capital requirements. We look forward to working closely with them on our capital formation plan."
Donald A. Wojnowski, president and CEO of Jesup & Lamont Holdings, said, "We are attracted to General Automotive's strong and seasoned management team and its compelling strategy in the rapidly growing automotive aftermarket parts and supplies industry. We are looking forward to helping the Company raise the capital it needs to execute its business plan."
