AloStar Business Credit announced that its client Cooper-Booth Wholesaling and Affiliates (CBW), of Lancaster, PA, and its investment banker, SSG Capital Advisors received the TMA Large Company Transaction of the Year award — a transaction that facilitated CBW’s successful exit of Chapter 11 and allowed for the full repayment of all creditors while preserving 200 jobs.
AloStar and Susquehanna Bank partnered to provide the senior bank funding for CBW.
“AloStar is proud to have been part of this award-winning transaction,” said Andy McGhee, president and co-founder of AloStar. “We took the balance sheet risk on this deal and it paid off.”
CBW and SSG will be recognized for this achievement at the TMA Annual Conference on October 5-7 in Scottsdale, AZ.