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| Client: |
Weinberg & Bell Group ("WBG") |
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| Business: |
Cargo Airport Services ("CAS") is a full service cargo handling company serving international air freight carriers out of two of the U.S.’ largest international airports, John F. Kennedy International Airport in Jamaica, NY and George W. Bush Intercontinental Airport in Houston, TX. CAS’ one stop service offering includes loading and unloading freight, pallet breakdown and buildup, custom processing and documentation, package screening and storage and brokering third party cargo logistics. |
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| Client Objective: |
Subsequent to the letter of intent (LOI) for the acquisition of CAS, WBG hired BGL to raise debt financing and identify an equity co-investor for its first portfolio company investment. |
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| Results: |
BGL approached a group of banks, lending institutions, mezzanine and equity funds and successfully auctioned each tranche of the capital structure. The capital raised from WBG and MidMark Capital Partners will enable CAS to increase its service offerings and add locations to meet the needs of the growing international cargo market. The founders of the business will remain active at CAS as co-presidents, members of the board of directors, and shareholders. |
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