LBC Credit Partners provided a senior secured credit facility to support the refinancing of Evercast, add-on acquisition of Precast Supply Company, and future acquisitions. Evercast is a portfolio company of PNC Mezzanine Capital and Cornerstone Capital Partners. LBC served as Agent and Sole Lender for the senior secured credit facility.Evercast is.
/PRNewswire/ LBC Credit Partners ("LBC"), one of the leading providers of financing solutions to middle market companies, provided a senior secured credit.
Brown Gibbons Lang & Company (BGL), a leading independent investment banking and financial advisory firm, is pleased to announce the closing of financing used to support two acquisitions by Evercast, a provider of pre-cast and pre-stressed concrete products in the Southeastern and Mid-Atlantic U.S.
Evercast is a leading provider of pre-cast and pre-stressed concrete products in the Southeastern and Mid-Atlantic U.S., supplying end-markets including transportation infrastructure, underground utility systems, and commercial and residential construction. The company sought a senior debt financing partner to support the acquisition of Precast Supply Company, as well as the pending acquisition of a second target under exclusivity. The acquisitions will complement Evercast s existing product offerings while further expanding its presence and customer base.
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