CapX Helps Leading Railroad Ties Supplier Position Itself for Future Growth

By: Jeffry S. Pfeffer :: November 30, 2015

Seeking liquidity and a refinance of its current indebtedness, Gross & Janes Company, the largest supplier of untreated railroad ties in North America, turned to the capital markets. CapX quickly evaluated the opportunity and determined that G&J had a sound management team, long-standing customers, and industry momentum. Partnering with Siena Lending Group, CapX was able to provide $3.5 million, accommodating G&J’s financing needs by providing a customized structure and enabling the Company to refinance its current debts and position itself for future growth.

“I am truly excited with having CapX as a lender to Gross & Janes. They are true supporters of our operation and financing needs, and did a great job getting the transaction completed within a very aggressive timeframe.” Michael A. DiRaimondo, Chief Financial Officer, Gross & Janes Co.

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Jeffry S. Pfeffer, Managing Partner

In 1999, Jeff co-founded CapX and is the firm’s Managing Partner. His responsibilities include firm management, leading new business development, and serving as CFO for CapX.

Jeff has over three decades of small to midsize business finance experience focusing on delivering superior risk-adjusted returns to CapX’s investors. He co-founded the firm during an investment vintage when alternative secured financing strategies were deemed not “sexy.” He and his partners raised over $450...