Since the 1960s, a Wisconsin-based manufacturer has been a global player in a specialized field: designing and building Pelletron particle accelerator systems for universities and research centers worldwide. However, its legacy was put at risk by an unexpected setback. A multimillion-dollar contract with a Chinese university unraveled when the first completed accelerator was denied entry at a U.S. port due to national security concerns. The machine was returned, unsold, and the company was forced to absorb significant costs, leaving a valuable piece of equipment in storage and creating a severe financial bind.
What the company needed was a financial partner that could look beyond the immediate setback and recognize the enduring value of its business.
Taylor West, senior vice president of Flatbay Capital, provided that support with a $3 million commercial real estate loan, secured by the company’s industrial property. This financing allowed the business to refinance existing debt and access the capital required to complete its projects. The partnership restored financial stability, enabling the company to implement its turnaround plan, streamline operations and move forward with new contracts at major institutions such as Texas A&M University and the University of Glasgow.
