Gibraltar Crafts $5MM Financing Solution for Sponsored Manufacturer
April 1, 2020
Source: Gibraltar
At Gibraltar, we work hard to develop successful financing solutions for our financial sponsor partners and their companies. Special situations are our specialty. We are all now experiencing a set of circumstances that is unique in our lifetimes and impacting companies all over the country in ways they couldn’t see coming. But Gibraltar Business Capital is still here, providing asset-based financing to companies in transition.
We recently closed on a new $5,000,000 credit facility with a Missouri-based manufacturer.
New Private Equity Owners Look for Working Capital and Flexibility
Headquartered in Kansas City, MO, our new client has been in business since 1952, manufacturing, supplying, designing, marketing, selling and servicing refueling and related equipment. Their products include:
● Refueling products and hydrant dispensers
● Propane and vacuum products
● Above-ground fuel storage systems
They supply major fueling companies, oil companies, commercial airlines, the military, environmental end markets, freight distribution companies, and fuel marketers around the globe.
The company was recently purchased by a private equity group interested in its success. One of the first steps after the purchase was to look for funding to stabilize cash flow and invest in the future.
Gibraltar Funds $5MM Credit Facility
Despite the company’s long history of operations and global position in refueling equipment, traditional bank financing was not a good fit with its immediate needs for ongoing working capital. Gibraltar stepped in with a $5 million line of credit based on the company’s collateral — accounts receivable, inventory, and machinery and equipment.
Gibraltar offers credit facility capacity between $2 million and $20 million to serve mid-market businesses and their unique needs. Get more information about our private equity partnerships and read case studies of some of the more than 200 companies Gibraltar has helped so far by visiting our website: www.gibraltarbc.com