Essex Capital Group arranged a $19.175 million balance sheet recapitalization for an industrial metal fabricator located in the Southeastern U.S. Essex Capital acted as the company’s exclusive advisor in this transaction.

The new financing package, offered by two leading specialty finance firms, consisted of a $15 million asset-based line of credit and a $4.175 million sale-leaseback on existing equipment.

The restructuring allowed the company to refinance existing debt and fund increasing working capital needs due to the company’s strong growth trajectory.

“We were excited by the opportunity to work with the company’s highly professional management team to arrange a two-pronged financing package that sets management up for continued success,” said Robert D. Swain, president of Essex Capital. “The new capital structure positions the company to manage anticipated top line growth over the next several years.”

Tampa, FL-based Essex Capital Group is a corporate finance firm serving small and middle market privately-held companies located throughout the U.S.