The Customer
- Construction Company
Challenge
- The company’s financials declined in 2021-2022, reducing EBITDA and cash flow.
- A long-standing equipment line with Wells Fargo required conversion into term debt.
- The company was exiting non-core, low-margin contracts and repositioning for growth.
Done Deal
- FNC structured three transactions over 10 months, totaling nearly $20M.
- A $4.9M sale-leaseback provided immediate liquidity.
