Maryland Firearms Training Academy Signs HighBank as Exclusive Financial Advisor on Capital Funding for MDFTA Facility
Maryland Firearms Training Academy (MDFTA) has retained HighBank Advisors, a Baltimore-based full service, mid-market investment bank and financial advisory firm, to assist MDFTA in the capital raise for their facility and business development (the "offering"). HighBank provides clients with investment banking, financial advisory and restructuring services.
"MDFTA sought a financial partner with a strong record of success in raising capital for our project and Dennis O'Neill and the rest of HighBank's experienced team of advisors met the criteria without exception," said Michael DeMos, co-owner of MDFTA.
Dennis O'Neill, managing director at HighBank, said, "MDFTA partners Michael DeMos and David Ridgway have developed a comprehensive, well-thought-through business plan with a careful approach to provide the consumer, law enforcement and military markets in the DC area with a first-class facility, experienced instructors and staff in an environment that exemplifies safe firearms training and ownership."
The offering will be made through a private placement of securities issued pursuant to Rule 506(c) of Regulation D of the Securities Act of 1933 and will be open only to accredited investors as defined by Rule 501 of the act.
MDFTA will be one of the largest of a growing number of high-end indoor ranges being built across the country and will feature six ranges, including its crown-jewel, a 100-yard range. The facility will also feature a live-fire shoot house for law enforcement professionals that will be available to members and private citizens via training courses taught by professionals.
The build-out is expected to commence in 2015.