DEAL SIZE
$7,500,000
Advanced Roofing
COMPANY
Advanced Roofing Inc. is a commercial roofing contractor that has been in business since 1983. Growing steadily since inception, the company has grown through it’s “Commitment to Quality” as the number one commercial re-roofing company in Florida.
OVERVIEW
- Senior Creditor wanted to exit banking relationship
- Reduction in senior bank’s credit exposure caused a decline in liquidity for the Company
- Operating cost and inventory on hand were above average for industry
ACM VALUE ADD
- Negotiated multiple forbearance agreements with lender
- Assisted senior management in identifying cost savings – including SG&A cuts and reduction in inventory exposure
- Simultaneously ran a formal process to refinance debt with new lender
- Generated multiple term sheets from traditional and non-traditional lenders
- Closed a deal with a traditional bank lender, saving the Company $150,000 in annual interest expense and providing additional liquidity to grow the business
