MIAMI, FL--(BUSINESS WIRE)--ACM Capital Partners (ACM), a national turnaround and restructuring firm specializing in middle market companies, has assisted Ft. Lauderdale-based Advanced Roofing, a national leader in the commercial roofing industry, in securing a new $7.5 million asset-based loan, allowing the company to lower its interest payments, finance its foreign, government and domestic receivables and inventory, while providing growth capital in a tough market. Additionally, ACM assisted in refinancing $2.0 million of existing commercial real estate debt.
During a challenging time for the construction and commercial roofing industry, ACM spearheaded a formal credit process whereby they enlisted both traditional and non-traditional lenders. The new facility allows the client to maintain a traditional bank line and exit a stale banking relationship which had reduced the company's liquidity, saving more than $150,000 in annual interest.
“ACM helped us streamline operating costs and created a process that led to better financing through new sources, providing us significant interest savings and a boost heading into the recovery,” said Rob Kornahrens (top right photo), Advanced Roofing CEO. “We continue to see a growing demand in re-roofing and our solar business, Advanced Green Technologies, particularly where incentives are involved,” said Kornahrens.
“This new loan facility adds to ACM’s total refinancing transactions, which now exceed $840 million,” said Jim Martin (middle left photo), ACM’s founder and managing partner.
“We’re proud of our role in this area and continue to seek opportunities to help both debtors and creditors navigate through this tough economic environment,” he added.
Contacts
For ACM Capital Partners
JTS Communications, Inc.
Elizabeth Haag, 786-364-8667
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