Specialty Ink Manufacturer
About the Company:
HQ Location: North Central, United States
In Business For: 20+years
Annual Revenues: <$5M
Management: Experienced; in industry for nearly 40 years.
Customer Base: Strong, long term relationships with a wide range of customers and suppliers
Acquisition Financing: Acquirer was looking for acquisition financing as existing bank relationship did not want to fund acquisition.
Working Capital: Company needed additional working capital following acquisition.
Declining Revenues: Revenues had been declining for the last 3 years due to ownership slowing operations ahead of retirement.
Tight Timeline: Sponsor-backed acquisition needed to fund quickly under a tight timeline.
The Credit Junction worked closely with the company and its management to craft a financing solution that met both their short and long term needs.