Rotolo Consultants, a commercial landscaping company providing design, installation and maintenance services in the Gulf Coast region, approached Gibraltar Business Capital while undergoing a management buyout. The company needed financing to accommodate seasonality while allowing the buyout to progress as planned. Leveraging the company’s accounts receivable, including accounts receivable from longer-term projects, Gibraltar provided a $12 million line of credit to support the company’s ongoing working capital needs and also provided a sub-facility to fund purchases of future landscaping equipment.
Gibraltar’s credit team and management became involved in the early stages of the financing process to fully understand the complex nature of Rotolo Consultants’ model.
“The relationships built from day one between our management team and Gibraltar’s credit team gave us the comfort that our financing partnership would deliver what was promised,” Brian Rotolo, CFO for Rotolo Consultants, said. “GBC’s team took the time to build trust and demonstrate their reliability as a financing partner that could understand the needs of a growth-oriented business.”