Automotive Parts Manufacturer

  • Automotive Parts Manufacturer

    $ 40,000,000

    Factoring

    Midwest
    • Client: Midwest Automotive Parts Manufacturer

    • Situation: An automotive holding company was in aggressive acquisition mode in an attempt to take advantage of the downturn in the automotive industry.

    • Need: The client was looking to partner with a commercial finance source that could close complex leveraged buyouts in 2 weeks or less.

    • Solution: Prestige was able to close and fund seven separate transactions totaling $40 million in combined facilities. Within 6-9 months, the client graduated to an $80 million ABL facility.