Benada Aluminum Products, LLC
We put the pedal to the metal in turning around this aluminum extrusion company.
An aluminum products producer located in Central Florida and with annual revenues of $100M, was facing a time of transition - its private equity owner was fatigued, leaving the company in limbo. Along with an existing partner of the company, Big Shoulders Capital and our operating partner stepped in to purchase the company, secured by the company’s considerable collateral, including real estate. At the time, the company’s EBITDA was negative. We recruited an industry leader to orchestrate a turnaround, and the company remains a profitable part of our portfolio today.
We unlocked the profit potential of this fastener manufacturer.
A private equity firm bought a Wisconsin-located manufacturer of fasteners and rivets serving the automotive industry. Unfortunately, the PE group began facing challenges, so BSC stepped in and purchased the company through a bank process. We then convinced the former management team, which had since left the company, to return. After rightsizing the business to ensure sustainability, BSC was approached by an international strategic buyer who is operating the business today. 50 jobs were saved.
We stepped up to the plate to rescue this steel plate fabrication company.
A firm that fabricated steel plates for the construction, agricultural and mini-equipment, and power generation industries had revenues of $40M per year. But a judgment after years of costly litigation sent them into bankruptcy. BSC was the winning bidder at their bankruptcy auction, and formed a new company: LB Metals, LLC. After successfully stabilizing the company, we sold our interest to a strategic buyer, who is running the company today.
Saving this metal fabrication business took more than a turnkey solution.
A metal fabrication company in Ohio, with annual revenues of $8M, was shutting their doors after defaulting on a debt. Big Shoulders Capital purchased the debt and helped ownership retain their company. Today, we continue to lease the equipment back to them, and are providing a revolver loan for their working capital needs.
A Demolition Company With an Investment Opportunity
Big Shoulders Capital provided acquisition financing to a demolition company that wanted to take advantage of an investment opportunity but did not have time to solicit traditional financing. We quickly became familiar with and accepted the terms, and provided funding so the company could complete their transaction.
An Equipment Rental Company Facing Bankruptcy
Big Shoulders Capital provided a loan to an equipment rental company that had recently filed for bankruptcy. Because of the bankruptcy, the company could not find any lenders to provide working capital and fund equipment purchases. We recognized the opportunity in this business and were able to provide a loan when no other lender could.
A Large Manufacturer Facing Liquidation
Big Shoulders Capital worked with a large manufacturer to take out their very fatigued lender. By providing this funding solution, the company avoided liquidation, retained their employees, and ultimately refinanced with another lender. The lender was able to quickly appreciate a great recovery and avoid further distractions and expenses. We were uniquely positioned to provide this lending solution for the manufacturer and bank when other companies could not.
After a Landscaping Contractor Dug Itself into a Hole, We Helped Them Climb Out
An Illinois-based landscaping contractor was on the verge of foreclosure from its secured lender. They desperately needed debt relief. BSC bought the loan, giving the business the time they needed to craft a succession plan and map a more profitable future. Today, the business thrives; BSC recently provided funding to the second generation of owners to continue and expand operations.
A Wastewater Treatment Company Needed Liquidity to Purchase Equipment, Fast.
A multiple-location wastewater treatment company needed funding to purchase new equipment. We worked with a private equity company to quickly provide the cash infusion they needed. Today, they not only have new equipment, but that equipment is running a proprietary treatment process that is breaking new ground in the industry.
A Full Service Highway Contractor in Need of a Loan
When companies are stuck in neutral, BSC helps push them forward. When a full-service highway contractor needed cash, we approved a $1 million loan, giving them the working capital to get them moving again.
A Wastewater Treatment Company in Need of a Quick Cash Infusion
When companies are sinking, BSC helps them stay afloat. A wastewater treatment company with two locations in Ohio needed a quick cash infusion to purchase new equipment. We moved fast, and their equipment is now installed and running.
A Steel Fabrication Business in Need of a Loan
After a drop in demand from its energy clients and a change of ownership at its bank, a steel fabrication business suddenly found itself struggling. Big Shoulders Capital quickly provided a $3MM term loan alongside the existing lender’s mortgage and line of credit, providing a working capital injection to help the business get back on its feet. The company soon stabilized and was able to pay back the entire loan within just 12 months.
A New York Woodworking Manufacturer In Need of Refinancing
Big Shoulders Capital closed on a refinancing solution to support over 200 jobs at a New York woodworking manufacturer that has been an important employer in the town for over 40 years. Despite the company having a challenging 2017, BSC was able to move very quickly to provide a Machinery and Equipment term Loan solution that helped the owner generate liquidity to fill current orders and allowed the existing bank to reduce their exposure. The banker was pleased to retain the client relationship and satisfy internal banking requirements. The company is thrilled to have additional working capital to keep up with customer demand.
A Houston Metal Fabricator was at Risk of Failing, Until we put Them on our Shoulders.
With sales in a tailspin, the twenty-year-old minority-owned machining company couldn’t make their debt payments, and their bank called their loan in February 2017. Nearly the entire 30-person staff was laid off. Area banks refused to throw them a lifeline, wary of any company imperiled by the oil and gas market problems. They were on the brink of liquidation.
Then they called Big Shoulders Capital. Click here to view the case study.