Siena Lending Group closed a $30 million Canadian credit facility with GSC Technologies. The new, five-year credit facility was used to finance the acquisition of GSC by Speyside Equity and will provide additional working capital for the company’s projected growth. The acquisition financing also included a $20 Million Canadian term loan from Roynat Capital.
“Having worked with Siena in the past, we trusted them to deliver on our needs,” Nick Lardo, managing director at Speyside Equity, said. “In a short period of time, Siena was able to execute on their creativity to create a structured facility that met our needs on a tight timeline.”
“We are delighted to be able to help facilitate the transaction for Speyside Equity in acquiring a very well-run company with a highly experience senior management team,” Stephen Fuscaldo, managing director at Siena, said.
