Bibby Financial Closes Seven Transactions Totaling $7.95MM

Bibby Financial Services closed seven transactions for a total of $7.95 million.

Brief higlights of the transactions are:

• $1 million for a Texas cosmetics wholesaler and distributor to drive growth plans, win new customers and fulfill larger orders

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• $2 million for a Midwest construction materials manufacturer to boost working capital, freeing up cash flow for the business owner to handle higher quantity orders for distribution to larger retail clients and doubling the company’s expected revenue in 2018

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• $500,000 for a California aerospace manufacturer to help fulfill orders and keep up with customer demand

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• $200,000 for a Florida trucking company to make payroll and grow the business to 10 trucks by the end of the year

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• $2 million for an Ontario mobile marketing agency to pay off a small debt with an existing lender and for working capital

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• $250,000 for an Ontario startup trucking company to provide access to working capital for increased operational flexibility

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• $500,000 funding for an Ontario trucking for working capital and to expand its fleet

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• $1.5 million for a Saskatchewan trucking company for working capital purposes and return to profitability

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