FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

Concord Serves as Exclusive Financial Advisor for $25MM Senior Debt Facility for ACMS Group

November 21, 2024, 06:00 AM
Filed Under: Engineering

ACMS Group, founded in 1955 and headquartered in Indiana, has successfully completed many projects in the steel, refining, industrial gas, and power generation industries. ACMS Group brings in-depth engineering and construction experience to a multitude of industries, solving even the most complex construction challenges. They are an all-in-one partner ensuring plans are translated into a project that’s completed on-time, under budget and to-spec.

ACMS Group, a leader in the industrial gas and power generation industries, needed to expand their credit capacity to support rapid growth and new projects.

Concord was able to quickly identify a seasoned lender that specializes in financing construction companies and contractors. Concord used its 100+ years of collective corporate finance experience and deep relationships with a wide spectrum of nationwide lenders to arrange a creative and structurally favorable senior credit facility -- a $25 million Senior Secured Revolving Line of Credit to refinance existing debt, onboard new projects, and provide working capital for sustained growth. The new credit facility allows for flexibility, contains no financial covenants and required nominal opening availability.

"Concord pre-screened our deal and introduced us to our new lender to discuss the pros and cons of the deal, the structure, and how best to get it done prior to our engaging Concord. Once engaged, we were able to immediately start a deal process and close with that lender who has fulfilled our capital needs to provide for our future growth. We highly recommend Concord for anyone looking for debt financing. Their ability to move to a closing efficiently and economically is impressive. And their dedication to their clients and getting the deal done is equally impressive," said Bo DePaoli, CEO.





Week's News



Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.