Southridge Capital Management is a financial service firm with offices in New York and Connecticut. It was first established 22 years ago and it has since invested more than $1.8 billion into companies across the world. They offer their clients other services such as customized financial plans, securitization, and ways for their clients to enhance their credit. Southridge Capital Management is headed up by its chief executive officer and chairman Stephen Hicks. To date they have provided their services to more than 250 publically held firms.
While much of Southridge Capital Management’s growth over the past two decades has occurred organically, Stephens Hicks says that there have also been a number of important acquisitions over the years. One of these occurred in 2006 when his company bought Double Alpha Group which had been a hedge fund company. By acquiring this company he says that it allowed his firm to offer more services and it expanded their investor base. For more details visit Ideamensch.
Another important development in the history of Southridge Capital occurred in August 2012 when they created an agreement with ELayaway. This was a $10 million equity purchase agreement which allowed Southridge to enter into the layaway payment platform business. Elayaway offers b&m stores the ability to offer layaway services to their customers with Elayaway processes and manages. In July 2015, Southridge Capital also created a similar $5 million agreement with Elite Data Services, Inc. In this deal, Southridge Capital invested in a firm that designs and markets its own software applications. You can visit their website southridge.com
Southridge Capital has a formal social responsibility program in place. They promote volunteer work and donate money to a number of regional and national nonprofits. CEO Steven Hicks and his wife, Mary, also created the Daystar Foundation which provides funding to various charities. Over the years they have donated money to organizations such as the Bradford Peterson Memorial Scholarship Fund, Ridgefield Visiting Nurses Association, Ridgefield Sunrise Cottage, Lounsberry House, Eric B. Huss Memorial Scholarship Fund, and Walnut Community Hill Church among other causes. The goal is to make a positive impact in the lives of others in the broader communities in which Southridge Capital operates.