DBD Partners Secures a Multifaceted Credit Facility for ICE Industries
“Ice Industries is at a stage where we need lending partners who are willing to dig in and truly understand our business and are anxious to support our growth initiatives, and both FGI and Silverpeak proved worthy.”
“Many industries including manufacturing are working through a multitude of global supply chain issues, which added a layer of complexity to this transaction. It takes committed and knowledgeable partners and a quality stable of customers to put a complex transaction like this together. We look forward to our future with these new stakeholders.”
DBD Partners, a private boutique Investment Bank, is honored to announce the closing of a refinancing for Ice Industries, Inc., a premier provider of metal stamping products and services, headquartered in Sylvania, Ohio.
Founded in 1999, Ice Industries, Inc. is an industry leader and true manufacturing partner committed to delivering manufacturing excellence to every customer. Proceeds from the new credit facilities will be used for general corporate purposes and to assist Ice’s planned growth with new customers and associated asset purchases.
Greg Shalov of DBD Partners represented Ice and led the complex transaction while providing due diligence, marketing, and negotiation services for the company.
The total financing secured by DBD Partners is composed of two facilities. FGI Worldwide LLC provided a Revolving Credit Facility, and Silver Peak Credit Partners LP provided a Term Loan.
“Ice Industries is at a stage where we need lending partners who are willing to dig in and truly understand our business and are anxious to support our growth initiatives, and both FGI and Silverpeak proved worthy.”, commented Howard Ice, Chairman and CEO of Ice Industries.
Many industries including manufacturing are working through a multitude of global supply chain issues, which added a layer of complexity to this transaction. It takes committed and knowledgeable partners and a quality stable of customers to put a complex transaction like this together. We look forward to our future with these new stakeholders”, said Paul Bishop, Ice’s President.
DBD Partners served as exclusive advisor to ICE Industries, Inc. in conjunction with the financing.
DBD Partners (www.dbdpartners.com) is a leading independent Investment Bank focused on providing strategic advice In Mergers and Acquisitions, Financial Restructuring, Capital Formation, and Corporate Finance to middle market companies. We provide our clients with boutique investment banking service and bulge bracket bank process.
Ice Industries, Inc. (www.iceindustries.com is a true manufacturing partner, providing world-class stamping, machining, welding, painting, and assembly solutions to clients facing challenges with quality and delivery in their supply base. Many additional value-add services are available as well, such as leak testing, washing, and powder coating. We de-integrate entire stamping operations for a variety of customers, including the purchase of equipment, materials, and inventories.
FGI (www.FGIWW.com) is a global leader in the commercial finance and services industry, equipping small and medium enterprises with the tools they need to safely grow their business. FGI’s two key business units, FGI Finance and FGI Risk, cover the full spectrum of financial services – providing customized business solutions tailored to meet all client needs. Headquartered in New York City, FGI maintains a presence on 6 continents with clients in over 60 countries around the world.
Silverpeak (www.silverpeak.com) is an alternative investment management firm with expertise in three target asset classes: real estate, energy, and credit. Founded in 2010, we have acquired more than $21 billion of gross asset value across industries, sectors, and locations. Committed to creating long-term value for our partners and the companies we invest in, Silverpeak uncovers unique opportunities and supports them with targeted capital and market expertise.
