Boston, Massachusetts – September 2008 – MCRC is pleased to announce it has made a new investment in BigBelly Solar. Founded in Needham in 2003, BigBelly Solar applies proprietary energy management technology to develop and sell innovative energy efficient products. The Company’s first product is the BigBelly Solar Compactor, the world’s first and only solar powered trash receptacle capable of automatically compacting waste. The BigBelly is a trash can sized, solar powered, automatic waste compactor designed to replace or supplement standard outdoor cans at high traffic, high trash volume public sites. The unit takes up as much space as the “footprint” of an ordinary receptacle, but its capacity is five times greater. Increased capacity reduces collection trips and can cut fuel use and greenhouse gas emissions by 80%. MCRC’s investment will support the rapid growth of the company. For more information, please visit www.bigbellysolar.com.
Boston, Massachusetts – September 2008 – MCRC is pleased to announce it has made a new investment in the Gem Group. Headquartered in Lawrence, Gem sources, decorates and sells promotional products to corporate customers throughout the United States. Gem imports tote, travel, sports and portfolio bags from multiple plants in China and Southeast Asia. These bags are then screen printed at the Gem facility in Lawrence prior to distribution. Gem is constantly upgrading basic styles and is now one of the largest screen printers in a fragmented industry. This is MCRC’s fourth investment in Gem since 1996 and will help to support the continued growth of the business. For more information, please visit www.gemline.com.
Massachusetts Capital Resource Company, a private investment company located in Boston, is a source of mezzanine financing for emerging growth and middle market companies. The company was formed in 1977 by the Massachusetts-based life insurance industry to provide risk capital and long-term debt to small and medium sized business based in Massachusetts. For more information, please visit our website (www.masscapital.com) or contact us at 617-536-3900.