BIRMINGHAM, Ala. — Porter Capital has delivered a $3.5 million financing package to an Oklahoma industrial staffing contractor undergoing ownership transition while experiencing significant growth.
The 24-year-old contractor, which serves power plants, paper mills, and various industrial clients, required immediate working capital to meet payroll demands and support ongoing and upcoming projects during an active ownership change.
The company was referred to Porter Capital by the founder of a pipeline project management platform who recognized the firm’s ability to move quickly on complex financing challenges.
“We explored several options for contractor financing, but after careful consideration, we chose Porter Capital,” said a representative from the new ownership group. “From start to finish, every aspect of working with their team exceeded our expectations. Since receiving contractor financing, our revenue has grown from $2 to 3 million annually to over $6 million in six months.”
Despite the deal complexity involving a company in transition, Porter Capital structured a receivables-based financing solution that enabled continued growth and ensured smooth operations during the ownership change.
“All participants in the deal negotiations were forthright and ready to get the deal done,” said Andy Dillard, SVP and Business Development Officer at Porter Capital. “This allowed us to deliver critical contractor financing quickly and keep the company’s forward momentum.”
The financing solution demonstrates Porter Capital‘s flexibility and speed in supporting middle-market clients during periods of transition and growth.
