$46 Million Facility Supports Exponential Growth
Client:
Headquartered in Texas, this multichannel marketing entity offers digital marketing, commercial print, direct mail, envelopes, distribution automation, signage, apparel, promo and gifting, and creative marketing solutions. Their services seamlessly take an idea from design and development to production and deployment as they help businesses plan, design, and track campaigns across multiple marketing channels.
Situation:
In order to achieve rapid growth, the Company deployed a roll-up acquisition strategy, and acquired 16 different companies under a platform company. The Company was left with numerous lending sources for the various businesses. Additionally, the Company’s growth had been restricted by their bank line of credit and they sought a more flexible capital provider. The owner had worked with nFusion Capital to finance a prior acquisition and was impressed with nFusion’s detailed approach, flexibility, and speed. That earlier transaction gave the Company a high comfort level to bring the rest of their business to nFusion Capital to continue executing their strategic growth plan.
Solution:
$46 Million Factoring and Inventory Line of Credit
“It has been an absolute pleasure to be part of the onboarding process for this highly organized printing company as they continue their acquisition roll-up. My team’s dedication, organization, and persistence played a crucial role in not only securing this opportunity but also ensuring a seamless and efficient onboarding process. I am excited to be a part of their continued success.” – Alexandra S. Scoggin, nFusion Capital Senior Executive Vice President
Result:
nFusion’s flexible ABL line of credit provided immediate access to working capital to fund materials, inventory, and payroll. With improved cash flow, the Company can negotiate better pricing on materials and accelerate the completion of its customer’s projects, increasing efficiency and profitability. The added runway will also enable the construction company to grow exponentially and take on more opportunities.