NEW YORK, May 28, 2025 – Ares Commercial Finance (“ACF”) announced today that it has provided a $15 million senior secured revolving line of credit to Shimmick Corporation (“Shimmick” or the “Company”), an Irvine, California-based infrastructure solutions provider in water, climate resilience, energy transition and sustainable transportation. Ansley Park Capital (“Ansley Park”), an affiliate of Ares Management, provided a complementary $15 million machinery and equipment term loan, the combination of which delivered a complete financing solution.
“Our goal from the beginning was to provide Shimmick with a one-stop solution for working capital and equipment finance needs,” said Mitch Drucker, Partner, Ares Commercial Finance. “Ares and Ansley Park worked in lockstep to customize a credit facility that met Shimmick’s immediate and longer-term financing goals. We look forward to supporting the Company as they manage their robust pipeline of projects in 2025 and beyond.”
Speaking on behalf of Ansley Park Capital, Michael Gay, Executive and Chief Commercial Officer, said: “We are proud to invest in a company that has consistently delivered high-impact infrastructure solutions for over 30 years. Our customized financing approach ensures that experienced operators have access to the capital they need to optimize performance and pursue long-term growth.”
Proceeds from the working capital financing will be used to refinance existing indebtedness and provide the Company additional liquidity.
