DEAL SIZE
$8,000,000
Amtec LLC.
COMPANY
Amtec is a leading, national provider of outsourced solutions to the cable television, telecommunications, and broadband services industries.
OVERVIEW
- $50 million cable provider was in default of its factoring line
- Margins had deteriorated due to pricing pressure in multiple markets
- Company was burning cash at $250k per month
- The lender has threatened to wind the business down
ACM VALUE ADD
- Met with existing lender to allow ACM sufficient time to find an alternative lender
- Reduced costs and slowed the burn rate while shopping for new facility
- Actively shopped for new credit family with which to allow the company necessary time to execute a turnaround
- Obtained new facility which provided added liquidity
- Reduced the burn rate to less than $100k per month
- Led a sale process of the business
- Sold the business in September 2012 for an implied sale price of $8 million or 6x adjusted EBITDA
