Daily News: December 3, 2012

Fulcrum, HSBC Provide Mezz Financing to Helical Pier Systems


Fulcrum Capital Partners and HSBC Bank Canada provided mezzanine financing to Helical Pier Systems, an Edmonton, Alberta-based provider of foundation products and services.

The debt financing, which will support Helical’s continued growth, includes senior and subordinated credit facilities. Helical represents Fulcrum’s fifth disclosed deal this year.

Helical Pier Systems specializes in helical piling products, or “screw piles,” which provide primary foundation support in the construction of structures utilized across a variety of industries, with a focus on oil and gas and transmission.

Fulcrum Capital Partners manages over C$750 million of capital with a mandate to provide private equity as well as mezzanine and bridge debt to mid-sized businesses.