Under a challenging lending environment, Houlihan Smith successfully utilized its resources to indentify new contacts to provide a solution for our needs.
Chicago, IL (Vocus) June 15, 2010
Houlihan Smith & Company, Inc. ("Houlihan") acted as exclusive financial advisor and placement agent in arranging a credit facility for its client Ordnance & Explosives Remediation, Inc. (OER). The transaction was announced today by Charles Botchway, Group Managing Director and Vice Chairman of Houlihan. The credit facility was provided by Massachusetts based Rockland Trust, the transaction was led by Houlihan Smith Managing Director Sylvester Gbewonyo. Details of the transaction were not disclosed.
“Under a challenging lending environment, Houlihan Smith successfully utilized its resources to indentify new contacts to provide a solution for our needs,” said Hugh S. Sease III, President of OER. “With their expertise, we will be in a good position to continue to capitalize our company.”
OER, based in Cohasset, Massachusetts, offers a variety of services including digital geophysical mapping, identification, excavation, and removal of all types of unexploded ordnance and related hazards. The company has provided its services to clients throughout the U.S., including Puerto Rico and Hawaii. As a Service-Disabled Veteran-Owned Small Business, OER works as a prime contractor to the federal government or as a subcontractor on federal contracts.
About Rockland Trust Company:
Rockland Trust Company is a full-service community bank headquartered in Massachusetts, with approximately $4.5 billion in assets. The sole bank subsidiary of Independent Bank Corp. (Nasdaq: INDB), Rockland Trust provides a wide range of consumer, business, investment, and insurance products and services. Rockland Trust’s network consists of 70 retail branches, 11 commercial lending centers, and four mortgage banking centers located throughout Eastern Massachusetts and four Investment Management Group offices located in Massachusetts and Rhode Island. Rockland Trust maintains a longstanding tradition of community service.
About Houlihan Smith & Company, Inc:
Houlihan Smith & Company, Inc. is recognized as a leading provider of financial opinions, financings, mergers & acquisitions advisory, operational improvement and restructuring advisory, and other corporate advisory services for public and private businesses. Founded in 1996, The Houlihan Firm is synonymous with deal-making expertise and leadership in valuation as well as fairness issues. The Houlihan Firm’s experienced professionals provide services for businesses around the globe from offices in Chicago, New York, Los Angeles, Toronto, London, and Accra.
Analyst – Houlihan Smith & Company