ACMS Group, a company in the industrial gas and power generation industries, needed to expand its credit capacity to support rapid growth and new projects. Concord was able to quickly identify a seasoned lender that specializes in financing construction companies and contractors. As a result, ACMS Group received a $25 million senior secured revolving line of credit to refinance existing debt, onboard new projects and provide working capital for sustained growth. The new credit facility is designed to allow for flexibility, contains no financial covenants and required nominal opening availability._x000D_
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“Concord pre-screened our deal and introduced us to our new lender to discuss the pros and cons of the deal, the structure and how best to get it done prior to our engaging Concord,” Bo DePaoli, CEO of ACMS Group, said. “Once engaged, we were able to immediately start a deal process and close with that lender who has fulfilled our capital needs to provide for our future growth. We highly recommend Concord for anyone looking for debt financing. Their ability to move to a closing efficiently and economically is impressive. And their dedication to their clients and getting the deal done is equally impressive.”
Forward for Specialty Finance
