Empire Scaffold is a leading provider of industrial scaffold services to the power, petrochemical and refining industries throughout the Gulf Coast region.
Challenge: Structure and raise senior and mezzanine debt as part of acquisition by private equity group for a company experiencing significant growth but marginal collateral base
Solution: Raised $13.0 million of Senior Secured and Subordinated Term Notes
- The capital raised provided for partial recapitalization to senior management and significant capacity for future inventory purchases of scaffold
- Andersen Partners played a significant role in the due diligence of the Company and the industry
- Process included 12 investor meetings, resulting in the receipt of 12 term sheets
- Funded by a public BDC