This credit facility will allow Mid-Michigan Materials to exploit new opportunities and accelerate the company’s market expansion.
Chicago IL, and Jeddo MI (Vocus) May 8, 2010
Houlihan Smith & Company, Inc. (“Houlihan Smith”) acted as the exclusive financial advisor and placement agent in arranging a credit facility for its client, Mid-Michigan Materials, Inc. (“MMM”), it was announced today by Charles Botchway, Group Managing Director and Vice Chairman of Houlihan Smith. The credit facility was provided by Summit Financial Resources, based in Salt Lake City, Utah. The transaction was led by Houlihan Smith Managing Director Lester (Jay) Rodgers. Terms of the deal were not disclosed.
“This credit facility will allow Mid-Michigan Materials to exploit new opportunities and accelerate the company’s market expansion,” states Rodgers.
About Mid-Michigan Materials, Inc.
MMM is an aggregate materials excavation and supply firm based in Jeddo, Michigan. MMM produces and markets nearly two dozen aggregate products – including various sizes and grades of crushed stone, washed sand and gravel, manufactured sand, and other aggregate materials.
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 16 offices nationwide and 20 years of experience, Summit Financial Resources has established itself as one of the largest and fastest growing companies in the industry.
About Houlihan Smith & Company
Founded in 1996, Houlihan Smith & Company, Inc. is a global investment banking firm which provides financial advisory, financing services, valuation services, and operational improvement and restructuring services to public and private businesses as well as asset managers. Houlihan Smith is recognized as a leading provider of financial opinions, financing, merger and acquisitions advisory, turnaround and other corporate advisory services. In addition, the firm is a registered broker-dealer and FINRA/SIPC Member. Houlihan Smith provides 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. Its experienced professionals serve clients across the globe from officers in Chicago, New York, Los Angeles, London, Toronto, and Accra.
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