FGI Supports Ray-Mont Logistics with US$30MM Multi-Jurisdictional ABL Facility
“Ray-Mont Logistics is a leading vertically integrated fourth-party logistics service provider and operator (4PL) who facilitates international trade by enhancing the container supply chain. It was important to us to work with a lender that understood the nuances of our industry. FGI’s knowledge, creativity and relationship focus truly set them apart from other lenders. The financing solution and partnership they provide give us the peace of mind and flexibility we need to focus on continuing to grow our business for years to come.”
Chief Financial & Growth Officer, Ray-Mont Logistics
Since 1992, Ray-Mont Logistics (“Ray-Mont”) has been offering a wide range of logistics services such as transloading (receiving, handling, packaging and shipping) of various commodities including Resin, Agricultural and Forest Products, trucking, logistics, ocean freight and other related services. Headquartered in Montreal, Quebec, Ray-Mont owns and operates six terminals in Canada and the United States to service Tier 1 customers globally.
Focused on quality, flexibility and innovation, Ray-Mont sought a finance partner that understood the variabilities of the business and could deliver a flexible facility to support multiple growth initiatives and further expansion into the United States.
FGI was impressed by the knowledge and expertise demonstrated by the Ray-Mont management team and working closely with the Company’s advisors at KPMG, provided Ray-Mont with a complete financing solution. The tailored facility includes both a revolver and term loan that will allow for flexibility and Ray-Mont’s continued growth.
