Daily News: September 25, 2013

AloStar Provides Credit Facility to Yellowstone Landscape

AloStar Business Credit provided a senior secured credit facility to Yellowstone Landscape Group. The facility consists of a revolver, term loan and equipment purchase line that will provide the company with working capital to support its continued growth.

“Yellowstone is a leader in the commercial landscape industry, and we are excited to be able to provide the capital they need to achieve their growth objectives,” said Andy McGhee, president of AloStar Business Credit.

“AloStar took the time to understand our business and had the flexibility and creativity to match the capital structure to our needs,” said Tim Portland, CEO of Yellowstone Landscape Group. “AloStar’s executives asked thoughtful questions, which combined with their analysis and problem solving approach, led to a very successful outcome for Yellowstone. AloStar acted as true partners throughout the entire process.”

“This refinancing was a very important step in our plans for Yellowstone. We believe the company is well-positioned to grow as the demand for commercial landscape services increases. AloStar was able to provide us with the right capital structure and help us capitalize on Yellowstone’s market position and potential,” said Owen Tharrington, managing director at Gridiron Capital.

Founded in 2008 by Gridiron Capital, Yellowstone Landscape Group is a full-service landscape services company led by a team of professionals with years of experience in all lines of landscape maintenance, design and installation.