The Company: Full-service mechanical contractor located in the Midwest that provides HVAC, plumbing/piping, and other mechanical services to the commercial and industrial/manufacturing sectors. Revenue: $90 MM | EBITDA: $5 MM. The Financing Situation: The Company recently raised capital from a private equity sponsor that has invested in several construction services businesses. The new ownership group wanted to refinance its existing...
Target Company: Oilfield service provider that specializes in pipeline construction and the fabrication of modularized production facility equipment to midstream operators as well as exploration and production (E&P) companies that operate in the Permian and Eagle Ford Basins. Financial Profile: Revenue: $50mm | EBITDA: $8mmAcquiring Company: An energy-focused holding company that provides financial, technical, operational and...
The Company: Family office backed designer, marketer and manufacturer of specialty dancewear. Revenue: $18mm | EBITDA: $2.4mm The Financing Situation: The Company had recently established an inventory based credit facility with Crossroads Financial to fund general working capital needs and was in need of additional liquidity during its low season (April to October) for inventory purchases and general operating expenses. Given the recent...
The Company: Designs, manufactures, and supports NextGen compliant avionics systems that improve the safety, efficiency, and affordability of flying. The Financing Situation: The Company was seeking to refinance its existing senior credit facility and move on to a new lending relationship to better support the strategic initiatives of the Company. The existing credit facility was based on enterprise value and thus required a comprehensive...
The Company: A publicly traded franchisor and licensor of take-and-go food products distributed through traditional and non-traditional food service outlets. The Financing Situation: The Company was seeking growth capital in the amount of $2,000,000 to develop a new food service concept that would serve as a showcase for new franchisees and an additional revenue stream. The Company preferred a non-dilutive debt structure over raising...
The Company: Top ten Little Caesars franchisee with over 20 locations in 3 states. The Financing Situation: The Company had engaged Trinity Capital LLC, a Los Angeles-based boutique investment bank with expertise in food & beverage, to arrange a capex facility to fund new locations awarded by Little Caesars. During this process, an immediate capital need arose to retire maturing debt, corporate tax liens, and for short-term liquidity. The...
The Acquirer: Independent sponsor seeking 2nd lien capital for acquisition financing. The Target: Franchisor of after-school enrichment programs (math, reading, writing, and more) for kids ages 5 – 12. The Financing Situation: There was a shortfall between the Target’s purchase price and the equity + senior debt raised by the Acquirer. The Solution: Super G was able to quickly get comfortable with the Acquirer’s background, recurring...