The Business Challenge:
A Southeast-based extruder of rigid PVC and vinyl components for the building products industry looked to take advantage of reinvigorated activity in the construction market, but found themselves in need of additional working capital in order to do so. Their new ownership group sought refinancing, but what their bank offered would have considerably restricted their ability to grow. The Aegis Team realized the potential in this 50-year-old company’s ability to respond to pent up demand for products needed for construction and remodeling.
The Aegis Solution:
Working closely with the PVC extruder to understand their plans for growth and the financing needed to attain their goals, the team at Aegis was able to structure and provide a $3,000,000 credit facility, which included a revolving line of credit and a term loan. The company is now able to take advantage of new opportunities in the market, resulting in revenue and profit growth.