Gibraltar Business Capital recently closed two significant credit facilities that helped us reach $150 million in total commitments for the first time in our history.
Widely known for our ability to tackle difficult financing issues, Gibraltar implemented unique solutions to help both companies repay existing lenders and provide additional working capital earmarked for growth.
Gibraltar closed a $6 million credit facility with Dickinson Press, a Grand Rapids, Mich.-based printer of books and other materials. With its initial funding, Dickinson was able to repay funds used to acquire another bindery operation that will allow it to better serve its existing customer base as well as attract new clients.
A sponsor-owned company that provides reprocessing solutions for industrial manufacturing fluids needed additional working capital to support growth and new ventures. After its equity owner expanded its capabilities through new acquisitions, Gibraltar refinanced and expanded the company’s revolving working capital access with a $3.5 million line of credit commitment.