Chicago, IL/Roseville, MN (Vocus/PRWEB) March 29, 2011
Madison Street Capital acted as the exclusive financial advisor in arranging a credit facility for its client, Pacal Industries, LLC (“Pacal”), it was announced today by Charles Botchway, CEO of Madison Street Capital. The credit facility was provided by Summit Financial Resources, based in Salt Lake City, Utah. Terms of the deal were not disclosed.
“The decision to go with Madison Street Capital was based upon the skill of their financial professionals and their responsiveness, of which I have seen no parallel,” said Pacal President Erv Kamm. “We wish to recognize Jay Rodgers and his staff for their tireless and professional efforts throughout this process.”
Madison Street Capital Vice President A.J. Dhingra said the transaction puts Pacal in a better position to meet increased demand for its products. “This credit facility will provide the working capital Pacal requires to accelerate its growth and better serve its customers,” he said.
About Pacal Industries, LLC
Pacal manufactures fully assembled turnkey weldments and other fabricated metal products used in a wide range of applications. Pacal provides turnkey crane components, sill beams, bearings, and diaphragms used in bridge construction and other surface transportation projects to OEMs and other industrial customers throughout the country.
About Summit Financial Resources
Summit Financial Resources is a nationally recognized provider of working capital financing to small and medium-sized businesses in a broad range of industries. With offices nationwide and more than 20 years of experience, Summit Financial Resources has established itself as one of the largest and fastest-growing companies in the industry.
About Madison Street Capital
Madison Street Capital is an international investment banking firm that provides financial advisory, financing services, valuation services, and restructuring services to public and private businesses as well as to asset managers. Madison Street Capital has focused expertise in partnering with middle-market firms to successfully navigate complex transactions and successfully assist clients in optimizing their company’s potential. Madison Street Capital’s experienced professionals serve clients across the globe from offices in North America, Asia, and Africa.
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