We look forward to working with key members of Perfection Components' management team as they execute their growth strategy.
Chicago, IL and Danville, KY (Vocus) August 27, 2009
Houlihan Smith & Company, Inc. acted as exclusive advisor in arranging a credit facility for Perfection Components, LLC, it was announced today by Charles Botchway, Group Managing Director and Vice Chairman for the Houlihan firm. The credit facility was provided by Summit Financial Resources in a transaction led by Houlihan Smith Managing Director Barry Petersen. Terms of the deal were not disclosed.
"This facility assists Perfection Components in meeting significant growth opportunities created by automakers seeking to place their supply chain needs in the hands of strong and nimble parts manufacturers," Petersen said. "We look forward to working with key members of Perfection Components' management team as they execute their growth strategy."
Founded in 2002, Perfection Components supplies interior trim and wheel trim exteriors for the automotive industry. The Company performs injection molding, assembly, and other processes. The firm's President, Adrian Gerardo, praised the work performed by Houlihan.
"The first question our customers ask in today's market is, 'How financially sound is my supplier?'" Gerardo said. "Houlihan Smith identified and secured a facility that would work for us. In the automotive arena, we have to embrace the challenge of constant improvement, and finding new ways to exceed our customers' expectations. As a survivor of this severe recession, the Houlihan firm has strengthened our position and allowed us to shift our focus to long-term growth. As a leading plastic injection molder, we understand our business. Those looking for help in finance and capital structure need to work with Houlihan Smith & Company," Gerardo said.
Summit Financial Resources provides credit facilities in a broad range of industries with headquarters in Salt Lake City, Utah, and sales offices throughout the U.S.
Houlihan Smith & Company, Inc. ("Houlihan") is a specialized investment banking firm that provides advisory, financing, and valuation services to public and private businesses. Houlihan is a registered broker-dealer and FINRA/SIPC Member. Houlihan understands the time sensitivity of corporate finance, and responds quickly and tenaciously to opportunities. The Houlihan approach creates corporate finance transactions in which business owners and investors mutually benefit. We have the knowledge, experience and relationships to match buyers and sellers, as well as to match the appropriate financing and capitalization structure to each unique client situation. The Houlihan name is synonymous with professional financial expertise. We provide cost-effective fairness and solvency opinions, as well as valuations for tax and financial reporting to some of the largest NYSE/NASDAQ companies, as well as small, privately held businesses.
Houlihan Smith and Company, Inc.