MIAMI–(BUSINESS WIRE) – ACM Capital Partners (ACM), a national turnaround and restructuring firm specializing in medium-sized companies, has Ft. Lauderdale-based Advanced Roofing, a national leader in commercial roofing, has secured a new $ 7.5 million asset-based loan to lower its interest payments, finance its receivables and inventory both domestically and internationally and at the same time can provide growth capital in a tough market. In addition, ACM helped refinance existing commercial real estate debt of $ 2.0 million.
During a challenging time for the construction and commercial roofing industries, ACM led a formal loan process that involved both traditional and non-traditional lenders. The new facility allows the client to maintain a traditional bank line and end an outdated banking relationship that has reduced the company’s liquidity and saved more than $ 150,000 in annual interest.
“ACM helped us streamline operating costs and created a process that resulted in better funding from new sources, significant interest savings and an upturn in recovery,” said Rob Kornahrens, CEO of Advanced Roofing. “We continue to see growing demand for canopies and our Advanced Green Technologies solar business, especially when it comes to incentives,” said Kornahrens.
“This new credit facility adds to ACM’s total refinancing operations, which now exceed $ 840 million,” said Jim Martin, founder and managing partner of ACM. “We are proud of our role in this area and continue to seek ways to help both debtors and creditors navigate this difficult economic environment,” he added.
About ACM Capital Partners
ACM Capital Partners, headquartered in Miami, is a national turnaround and financial restructuring firm that specializes in helping midsize businesses in transition or emergency situations. ACM’s professional team of consultants has served clients from small businesses to Fortune 100 companies. The ACM team brings decades of experience to every customer engagement and has built a reputation for helping customers create value and providing strategic solutions to both short and long term financial problems. More information is available at www.acmcapitalpartners.com.
About Advanced Roofing & Advanced Green Technologies
Advanced Roofing is headquartered in Fort Lauderdale and is a privately held national leader in the commercial roofing industry with offices in the United States, Canada and Europe. Advanced Green Technologies supplies, designs and sources renewable energy building products and sustainable solutions for commercial and residential applications. AGT also trains and coordinates a network of contractors in the US, Canada and Europe. More information is available at www.advancedroofing.com or www.agt.com.