eCapital, a tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, completed a $30 million asset-based lending (ABL) facility for an established energy services company. The funding will support an employee stock ownership plan (ESOP) transaction.
The transaction was completed in collaboration with ButcherJoseph, an investment bank specializing in ESOPs and ownership transitions.
“This was a highly competitive transaction, and our strong client relationship, coupled with deep industry knowledge, gave us the edge,” Brian Cuttic, CEO of ABL at eCapital, said. “By structuring the ABL facility around the company’s accounts receivables and specialized equipment, we provided the flexibility needed to manage the demand and cyclical variations in job volume, challenges common in the energy services sector. Our collaboration with ButcherJoseph further strengthened our ability to deliver a solution that empowers not just this company, but businesses across various industries to grow and thrive.”
This transaction highlights eCapital’s role as a trusted partner, committed to providing customized financing solutions and industry expertise to empower small and medium-sized businesses to achieve their growth objectives.
