The incumbent bank of a multi-generational third-party logistics company, with experience in freight management, warehousing and supply chain support, asked the company to exit. The company turned to Commercial Finance Partners (CFP) to quarterback the process.
The CFP team organized a comprehensive exit plan, engaged Nick Welch of BDO as turnaround advisor and prepared a detailed lender and credit presentation to take to market.
Commercial Finance Partners structured a $16.3 million financing package consisting of:
- $6.3MM term loan (amortized over 25 years with no commercial real estate)
- $10MM accounts receivable facility (in partnership with Sallyport Commercial Finance)
CFP led the year-long process — coordinating lender selection, managing the bank exit, overseeing appraisals, field exams and intercreditor negotiations — while working closely with BDO throughout the engagement. The financing stabilized liquidity, preserved family ownership, and provided the business with a reliable capital structure to support ongoing operations and growth.
“This deal really highlights the value of what we do at CFP,” Marcus Ferrari, CEO of CFP, said. “We brought together the right capital partners, worked through the challenges and delivered a structure that protected a multi-generational family business. These are the transactions where our full capabilities and persistence make all the difference.”
