The Client

Costrotta Construction Management, Inc.

A New Jersey-based full turn-key construction, site acquisition, staffing, technical services, in-building, DAS and project management company for the wireless and fiber industries.

The Challenge

The existing secured lender had gone through a series of forbearance agreements and was restricting the company’s access to capital. Because much of its collateral was made up of “completed not billed” work, most lenders would have no interest.

The Process

With the company lacking capital for continued business growth, they retained Equity Partners to find a new source of financing to allow the company to continue growing, once properly capitalized. Equity Partners placed a CPA consultant within the company to run diligence and work with the secured lender throughout the process. We launched an intense international campaign seeking refinancing for the company, as well as potential merger partners.

The Solution

Through our involvement we were able to hand hold the secured lender and ensure they provided the company with the capital needed to continue operations.  We were able to restructure over $6 million in liabilities off of the company’s balance sheet, re-finance the secured debt and preserve ownership’s equity stake in the business.