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Automotive Parts Manufacturer

  • Automotive Parts Manufacturer

    $ 40,000,000

    Factoring

    Midwest
    • Client: Midwest automotive parts manufacturer.

    • Situation: 22-year-old manufacturer was in aggressive acquisition mode during the downturn in the automotive industry.

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

    • Solution: Prestige was able to close and fund seven separate transactions totaling $40 million in combined facilities. Within nine months, the client graduated to an $80 million asset based lending facility.