CapX Helps Leading Railroad Ties Supplier Position Itself for Future Growth
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.