TSL Express Daily News
The Secured Lender
SFNet's The Deals and Data Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
June 24, 2024
Source: Gibraltar Business Capital
Aegeus Group has over 40 years of experience in advanced non-destructive testing, inspection, engineering, and staff augmentation solutions. The company serves diverse markets, including oil & gas, power, renewable energy, defense and aerospace, civil and building infrastructure, food and beverage, and other manufacturing companies. Aegeus was acquired in mid-2023 by Ten Oaks Group, a family office exclusively focused on investing in corporate divestitures. After initiating a significant operational restructuring, the sponsor sought a lending partner that could structure an asset-based revolver that would provide maximum flexibility to support the continued turnaround and growth of the company while concurrently providing ample liquidity to make future acquisitions.
Gibraltar Business Capital (“GBC”) has significant experience lending to Aegeus’ industry. As a result, the team was able to quickly structure and close a significant ABL facility secured by accounts receivable that met the client’s objectives.
“Our tenure working with turnaround-focused investors and private equity firms, extensive experience in this sector, and repeat work with Ten Oaks Group showcases our strengths in structuring solutions to help investors and financial sponsors achieve their business goals,” said Jim Marasco, Head of Originations at Gibraltar Business Capital.
“Our previous successful experience working with GBC on another portfolio investment gave us the confidence they could provide a quick and efficient diligence and closing process, as well as being a trusted financial partner who could assist us in creating shareholder value over the life of the relationship,” said Matt Magan, Co-Founder at Ten Oaks Group.
Gibraltar values our partnerships with private equity groups. Are you ready to learn how we can tailor a capital solution that fits you and your portfolio companies? Let’s talk today.
About Gibraltar Business Capital
Chicago-based Gibraltar Business Capital is a well-capitalized specialty finance company delivering working capital in the form of asset-based loans from $5 to $100 million. Gibraltar is an expert financial partner providing mid-market companies nationwide access to capital when needed most to solve challenges or fuel growth at any stage of the business lifecycle. With more than 70 years of experience, Gibraltar's team is trained to listen, think differently, and take unique circumstances into account. Gibraltar Business Capital is a portfolio company of multi-billion dollar specialty finance company Hercules Capital, Inc. (NYSE: HTGC). For more information, visit www.gibraltarbc.com.
