Westbury ran a comprehensive process that culminated in our raising growth capital from HDC under attractive terms. We’re impressed with Westbury’s grasp of the business and pleased with the results.
Mechanicsburg, Pennsylvania (PRWEB) January 15, 2015
Westbury Group LLC, an investment bank with operations in Westport, CT, Chicago, San Francisco, Denver and Washington DC, is pleased to announce that its client, Innovative Buildings Systems, LLC (IBS), has obtained $7,500,000 in senior note funding from Hunting Dog Capital LLC (HDC).
Steven Scheinkman, CEO of IBS, noted, “Westbury ran a comprehensive process that culminated in our raising growth capital from HDC under attractive terms. We’re impressed with Westbury’s grasp of the business and pleased with the results.”
Westbury specializes in the transaction needs of entrepreneurs in deals ranging in value from $10 million to over $200 million. A FINRA-registered broker/dealer, the firm assists it clients in closing mergers, acquisitions, debt and equity raises, and provides strategic counsel. Westbury clients participate in a broad range of industries including technology/media/telecom (TMT), manufacturing, aerospace/defense, healthcare, and energy products and services. Members of the Westbury team that represented IBS were Managing Directors Tim Williamson and Ryan Kuhn.
Headquartered near Harrisburg, Pennsylvania, IBS (http://www.innovativebuildingsystems.com) is the country’s leading custom modular home producer, operating factories in Pennsylvania, Maine, Virginia, Illinois, New York, North Carolina, Indiana and Iowa. IBS sells its homes under several brands including Excel, Keiser, Modukraf, All American, Future and HandCrafted.
HDC, based in San Francisco, (http://www.hdcap.com) creates lending solutions for a wide variety of US-based companies. Its loans are used to facilitate acquisitions, finance growth or for general corporate purposes.