AloStar Business Credit is pleased to congratulate its client Cooper-Booth Wholesaling Company, LP and Affiliates (“CBW”), of Lancaster, Pa., and its investment banker, SSG Capital Advisors, LLC ("SSG"), on receiving the TMA Large Company Transaction of the Year award – a transaction that facilitated CBW’s successful exit of Chapter 11 and allowed for the full repayment of all creditors while preserving 200 jobs.
AloStar and Susquehanna Bank partnered to provide the senior bank funding for CBW.
“AloStar is proud to have been part of this award-winning transaction,” said Andy McGhee, president and co-founder of AloStar. “We took the balance sheet risk on this deal and it paid off.”
AloStar provides solutions for clients, prospective clients and referral sources who have capital requirements that range between $5 million and $20 million. AloStar provides these solutions through AloStar Business Credit, AloStar Lender Finance and AloStar Real Estate Finance.
Since 1993, TMA has honored excellence through its annual awards program, which recognizes the most successful turnarounds and impactful transactions. This year's winners saved countless jobs and made a
significant positive economic impact, both locally and globally.