GRO-WELL Brands, a green waste recycling company, closed a $24.4 million refinancing on Aug. 28, 2025, agented by Ares Commercial Finance (ACF). To support the refinancing, GRO-WELL engaged J.S. Held as a refinancing advisor and appointed Michael Jacoby as the lead advisor. The J.S. Held team led a financial assessment, refined the company’s forecast model and developed a confidential memorandum used to engage over 80 potential financing partners. These efforts resulted in 19 submitted term sheets and a successful close with ACF.
“Our team’s knowledge of today’s lending environment, combined with our expertise in preparing and validating financial forecasts, as well as our deep understanding of asset-based lending, borrowing bases, and ineligible accounts receivable and inventory, enabled us to find the right lending partner, advocate on our client’s behalf, negotiate a loan agreement that met the needs of GRO-WELL, and close the financing within the required timeframe,” Michael Jacoby, strategic advisory practice lead at J.S. Held, said.
“We are excited to be partnering with ACF as a capital solutions provider on this refinancing,” Daniel Prawda, founding partner at GEF Capital Partners, said. “The skill set J.S. Held brought to the table (as well as their relationships and trust amongst the ABL lender community) was exactly what we needed to complete this refinancing project in a timely and successful fashion. J.S. Held has proven to be a reliable and trusted partner when it comes to debt refinancing. With the enhanced liquidity capacity provided by ACF, we are excited to channel our attention and resources back into growth initiatives.”
“We are pleased to support GRO-WELL with flexible capital as it continues to build on its momentum as a well-known brand and support its growth trajectory,” Sridharan Kannan, managing director at Ares Commercial Finance, said. “We look forward to our continued work with the company’s management team, along with their private equity sponsor, GEF, as they execute on their strategic initiatives, and appreciate the J.S. Held team’s thoughtful approach and execution.”
