Gordon Brothers, the global asset experts, agented C$200 million in financing, consisting of a five-year C$150 million revolving credit facility and a C$50 million accordion, to support Morgan Construction’s working capital, new equipment purchases and growth.
The firm’s five-year partnership with the Canadian construction company will provide long-term asset advisory and consulting services through Nations Capital, a Gordon Brothers company, to purchase the new, high-caliber equipment and optimize the fleet to support the company’s growth path.
“As we’ve established a strong presence in Canada and continued expansion of solutions supporting Canadian borrowers, we’re proud to partner with a respected family-run business and industry leader like Morgan Construction and provide financing and asset-advisory services that drive long-term value,” Kyle Shonak, chief transaction officer at Gordon Brothers, said. “By combining our traditional lending capabilities, advisory and consulting services and our deep asset expertise, we’re able to provide a full, comprehensive solution that enables growth within the Canadian market.”
“Gordon Brothers’ vast industry experience and equipment expertise has been critical as we continue to service our customers throughout Canada,” Peter Kiss, president and CEO of Morgan Construction, said. “As we continue to expand existing operations and enhance growth prospects, the firm’s well-structured facility and holistic partnership will enable us to scale operations.”
