NorthView Advisors Closes $20,000,000 Transaction
NorthView Advisors closes $20,000,000 credit facility for Vista Pipe & Supply, LLC with Huntington Business Credit
December 9, 2019
NorthView Advisors LLC (“NorthView”) is proud to announce the closing of a five-year, $20,000,000 revolving credit facility for its client, Vista Pipe & Supply, LLC (“Vista”) with Huntington Business Credit (“Huntington”). Proceeds from the facility were used to refinance the Vista’s existing factoring facility and provide ongoing working capital growth financing.
“The NorthView team did everything they promised from day one,” said Josh Ellingburg, CFO of Vista, “as we continued to build our business and take advantage of market opportunities, we needed to find a more efficient structure to help finance our working capital. Being that it was our first ABL experience, we placed our trust in NorthView to not only represent us for the purpose of securing an ABL, but also to guide us from start to finish. Through every step of this process, NorthView went well above and beyond what we were looking for in an advisor; we could not have asked for a better partner in this process.”
Matt Simon, SVP of Business Development at Huntington added, “It was a real pleasure working with JT and Paul at NorthView on the Vista transaction. It was evident from the beginning that they were quite knowledgeable about both their client and the industry. They were very much hands on throughout the entire process and were instrumental in assisting to get the transaction closed.”
About NorthView Advisors LLC:
Founded in 2011, NorthView Advisors LLC specializes in representing lower middle market companies nationwide looking to raise capital, refinance, restructure, monetize, sell, acquire, or seeking outside financial advisory for a special or unique situation. NorthView specializes in the placement of debt for companies with Revenues in excess of $40MM and require transaction sizes ranging from $10-100MM+.
About Vista Pipe & Supply, LLC:
Vista Pipe & Supply, LLC, located in Houston, Texas, distributes OCTG, Line Pipe, and HDPE Pipe to North American oil, gas and water industries.
About Huntington Business Credit:
Huntington Business Credit provides working capital and term loan facilities to middle market companies for acquisitions, LBO’s, MBO’s recapitalizations, rapid growth, seasonal working capital build-up, and turnaround situations.