Gibraltar Business Capital (GBC) structured and closed a significant ABL facility secured by accounts receivable for Aegeus Group. After initiating a significant operational restructuring, the sponsor sought a lending partner that could structure an asset-based revolver that would provide maximum flexibility to support the continued turnaround and growth of the company while concurrently providing ample liquidity to make future acquisitions.
“Our tenure working with turnaround-focused investors and private equity firms, extensive experience in this sector, and repeat work with Ten Oaks Group showcases our strengths in structuring solutions to help investors and financial sponsors achieve their business goals,” Jim Marasco, head of originations at Gibraltar Business Capital, said.
“Our previous successful experience working with GBC on another portfolio investment gave us the confidence they could provide a quick and efficient diligence and closing process, as well as being a trusted financial partner who could assist us in creating shareholder value over the life of the relationship,” Matt Magan, co-founder at Ten Oaks Group, which acquired Aegeus Group, said.
