Ian Parker
east hampton, NY (USA)
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Island Resources Corporation
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Location:
Bayshore
Industry:
Transportation
Year Founded:
2007
Number Employees:
50-100 people
Description:
Island Resources Corporation (IRC) has an excellent team and has shown significant success since its inception (2007). During 2008, IRC supported acquisitions of long-term municipal contracts and long-term rail logistics contracts with its cash flow. These contracts ensure significant revenue and EBITDA expansion in 2009. IRC’s support of this transaction has required it to pass on several organic opportunities. The goal is to raise the requisite capital needed to solidify the assumption of these long-term contracts, and additional working capital so that IRC does not need to pass up opportunities available to it. The capital needs for both the fortification of the contract acquisitions and IRC’s working capital needs is $ 500,000.