Recent News FirstCity Crestone Exits Investment in Modular Builder FirstCity Crestone Affiliate Acquires Majority Share of Diamondback Signal FirstCity Crestone Affiliate Completes Acquisition of Conshohocken Recycling & Rail Transfer |
|
|
| News Release
FirstCity Crestone Recapitalizes Cabinet Manufacturer February 25, 2010 -- FirstCity Crestone recently recapitalized a large cabinet manufacturer with a $4,600,000 commitment. Crestone’s investment included a term loan, a revolver, and equity participation. Proceeds allowed for a complete pay-off of the senior lender and working capital to support a seasonal production increase. The Texas based company is the country’s leading provider of cabinets to multi-family developers. It operates out of a 280,000 square foot facility with state of the art equipment. Despite the economic downturn, it continues to enjoy a robust backlog and market share.
|
