February 2008
McKenna Gale provided a subordinated loan to MCAP Service Corporation (MSC) to facilitate continued growth.
Based in Toronto, MSC is an underwriter, funder and administrator of predominantly prime or insured single family residential mortgages. MSC is one of the largest administrators of residential mortgages in Canada.
For more information on McKenna Gale's investment in MSC click here.
McKenna Gale provided a subordinated loan to assist Clairvest Group Inc. and Clairvest Equity Partners III Limited Partnership with their recapitalization of Light Tower Rentals (LTR). In addition to the subordinated loan, McKenna Gale provided a minority common equity investment.
Headquartered in Odessa, Texas and with operations throughout New Mexico and Texas, LTR rents support equipment used at drilling worksites by oil and gas exploration and production companies. This includes electric power generators, light towers, frac and back flow tanks, trailers and a host of other related equipment. LTR is the regional leader in the support equipment segment and continues to seek growth opportunities.
McKenna Gale was chosen by Clairvest because it offered an optimal blend of subordinated debt and equity to position LTR for future growth as well as a high degree of closing surety.
For more information on McKenna Gale's investment in LTR click here.
January 2008
McKenna Gale provided a follow-on subordinated loan in support of CPI's acquisition of Wm. A. Didier & Sons, Inc. Located in Ft. Wayne, Indiana, Didier is a leading manufacturer of credit, debit and ATM cards. The company specializes in short-run, fast-turn custom orders.
For more information on McKenna Gale's investment in CPI Card Group click here.
June 2007
McKenna Gale provided a subordinated loan to assist Tricor Pacific Capital, Inc. in its acquisition of CPI Card Group. In addition to the subordinated loan, McKenna Gale also provided an equity co-investment.
Headquartered in Littleton, Colorado and with manufacturing facilities in both Colorado and Nevada, CPI Card Group is one of North America's largest manufacturers of financial payment cards and other laminated card products and services. Products produced by CPI include payment cards under the VISA, MasterCard, American Express, Diners Club, and Discover Card brands as well as retail gift cards, membership cards and access cards.
For more information on McKenna Gale's investment in CPI Card Group click here.
April 2007
McKenna Gale provided a loan to assist Barrett Xplore in continuing its rapid growth. This transaction was completed in partnership with the Barrett family and Sandler Capital Management.
Based in Woodstock, New Brunswick, Xplore is a provider of high-speed Internet services to rural and remote regions of Canada. Its dual technology offering consisting of fixed wireless and satellite Internet services is targeted at Canadian households which are currently unserved by traditional providers such as cable Internet and DSL Internet.
For more information on McKenna Gale's investment in Barrett click here.
January 2007
McKenna Gale provided a loan to assist Winters Bros. in acquiring assets from local competitors and refinancing a bridge loan. This transaction was completed in partnership with the Winters family and Clairvest Group.
Based on Long Island, New York, Winters Bros. is a leading waste management and recycling company. The company's activities include a hauling business which collects waste from residential, commercial, and industrial customers. It also owns and operates a large network of transfer stations which facilitate the out-of-state disposal of waste.
McKenna Gale was selected as a financing partner in this case because of our flexible financing structure and ability to complete due diligence and provide a commitment in a timely fashion.
For more information on McKenna Gale's investment in Winters click here.
November 2006
McKenna Gale provided financing to assist Keyes Packaging Group, a portfolio company of Tricor Pacific Capital, Inc., in its acquisition of Interplast Inc. as well as to assist in the refinancing of the combined business.
Based in Wenatchee, Washington, Keyes is a specialty packaging company which manufactures molded fibre trays used for the packaging of apples and other fruits and vegetables as well as specialty tissues used primarily to wrap pears. Interplast, based in Montreal, is the leading North American manufacturer of plastic egg cartons which are primarily used to package specialty eggs such as organic eggs or eggs fortified with Omega-3 or other nutrients.
McKenna Gale was selected by Tricor and Keyes as a financing partner because of our ability to provide a commitment under a tight timeline. Our surety of close and quick response resulted from our experience in focusing due diligence, our lean organizational structure and our internal decision making capability. This transaction represents the fourth investment in which McKenna Gale has partnered with Tricor.
For more information on McKenna Gale's investment in Keyes click here.
McKenna Gale provides follow-on financing to support Atcon's rapid organic growth.
Based in Miramichi, New Brunswick Atcon is a diversified holding company with operations in construction, wood, steel and environmental industries. Since McKenna Gale's original investment closed, Atcon won a number of new contracts. McKenna Gale's follow-on investment provides the Company with working capital to support this additional business.
For more information on McKenna Gale's investment in Atcon click here.
McKenna Gale Introduces MEZZEQ™
MEZZEQ™ provides an issuer with a one stop, optimal blend of mezzanine debt and common equity.
MEZZEQ™ Benefits:
- Enhances tax efficiency for the issuer and lowers its cost of capital
- Reduces closing risk by decreasing the number of parties needed to complete a transaction
- Aligns our interests with those of the shareholders
MEZZEQ™ is a registered trademark of McKenna Gale Capital Inc.
