Andy Armstrong, one of Spire's general partners, will be Chairman of Vector's Board of Directors. Anthony Cassano, Principal at Spire Capital and Kerri McNicholas, Vice President at Spire Capital, will also join Vector's Board. The combined addition to the Board will support the Company's long term growth goals and competitive positioning as a diverse OOH company serving advertising agencies and brands at the national and local levels. Chairman Andy Armstrong stated, "We are excited to partner with Founder Bill Schwartz and his team as they have built a unique OOH advertising platform with national scale that provides turnkey, one of a kind, large format spectacular campaigns for some of the best brands and agencies in the world." "One of Vector's core strengths is its long standing relationships with supply side partners, advertising agencies and direct advertising clients. Spire's investment will allow the Company to expand its customer offerings by increasing its advertising footprint and growing its recently launched experiential marketing services," said Anthony Cassano of Spire Capital. "In a world where the average person is bombarded by more than 5,000 messages a day, Vector Media's unique Out-of-Home media platform stands out in a way that is unparalleled," commented Mark Boidman, Managing Director at Peter J Solomon Company (PJSC). "It's always on, and cannot be turned off or skipped, resulting in a media channel that is now an essential part of the marketing mix."PJSC acted as the exclusive sell-side advisor to Vector, working closely with Vector's management team and shareholders throughout the investment process. Marc Borzykowski, Chief Operating Officer of Vector, added, "PJSC's industry expertise enabled Boidman and his team to quickly identify Spire Capital as the best financial partner for us. We enjoyed working with the PJSC team and we are incredibly excited to be partnering with Spire on this next phase of Vector's growth." Read More About Vector Media Founded in 1998, Vector Media ( www.vectormedia.com ) is an innovative out-of-home media company, specializing in large-format transit advertising, traditional Out-of-Home media and interactive brand experiences. The company's current inventory of over 20,000 Out-of-Home faces includes bulletins, street furniture and over 6,000 transit advertising faces, including double decker buses, airport shuttles, custom route coach vehicles, trolleys, jitneys and taxis. Vector Media maintains the only double-decker advertising network inNorth America, which includes inventory inNew York,Chicago,Los Angeles,Las Vegas, Philadelphia,San Francisco,Boston,Washington, DC,Houston,Miami,San Diego,San Antonio,Phoenix, Austinand Dallas. Commercial Funding Vector's rapidly growing experiential division, VM2, integrates its out-of-home assets with dynamic brand experiences and its publishing arm produces twoof the top travel and lifestyle magazines in New York. About Spire Capital Spire Capital ( www.spirecapital.com ) is an active and experienced private equity firm with an investment focus in small market companies within the media and communications, business services, information services and education sectors.
Equally important is that working capital needs vary from industry to industry, especially considering how different industries depend on expensive equipment, use different revenue accounting methods, and approach other industry-specific matters. Working capital is defined as the difference between current assets and current liabilities. When not managed carefully, businesses can grow themselves out of cash by needing more working capital to fulfil expansion plans than they can generate in their current state. Credit policy of the firm: Another factor affecting working capital management is credit policy of the firm. The goal of working capital management is to ensure that the firm is able to continue its operations and that it has sufficient cash flow to satisfy both maturing short-term debt and upcoming operational expenses. The number can be positive or negative, depending on how much debt the company is carrying.
The result is shown as a percentage, determined by dividing relevant income for the 12 months by capital employed ; return on equity ROE shows this result for the firm's shareholders. Learn about the components of the statement of financial position and how they relate to each other. By definition, working capital management entails short-term decisions—generally, relating to the next one-year period—which are "reversible". Current liabilities are any obligations due within one year. Because this number effectively corresponds to the time that the firm's cash is tied up in operations and unavailable for other activities, management generally aims at a low net count. It's easy to see why companies such as this must keep enough working capital on hand to get through any unforeseen difficulties. Analyzing owners’ equity is an important analytics tool, but it should be done in the context of other tools such as analyzing the assets and liabilities on the balance sheet.