St. Louis Business Development Fund invests $500,000 in Oakwood Systems
From the St. Louis Business Journal. Tuesday, May 20, 2008By Matt Allen
Oakwood Systems Group Inc. received a $500,000 investment for expansion from the Saint Louis Business Development Fund, which invests in St. Louis-based, growing companies that are unable to access sufficient senior debt to finance organic growth or acquisition.
Creve Coeur, Mo.-based technology consulting firm Oakwood Systems is one of the fastest-growing private companies in the St. Louis area, according to Business Journal research. The company reported $7.5 million in fiscal 2006 revenue, a 92.3 percent increase from fiscal 2004 revenue of $3.9 million. The firm has 85 employees and an office in Nashville, Tenn.
Professionally managed by the St. Louis County Economic Council, the Saint Louis Business Development Fund is a private, for-profit corporation owned by 24 St. Louis area banks, the St. Louis County Economic Council, St. Louis Development Corp. and the Economic Development Center of St. Charles County.
