"We are grateful for PPC's corporate finance expertise in completing this financing for R.R. Street & Co. Our Company is now well-positioned to capitalize on opportunities involving future growth and expansion."



Marc Beard

President & CEO

R.R. Street & Co., Inc.

Promontory Point Capital is excited to announce another one of our firm's recent client successes.

 

R.R. Street & Co., Inc. (also known as “Street's”) is a recognized manufacturer and marketer of cleaning process additives, stain removal agents, and filtration products that are sold throughout North America and to many international markets. The Company is based in Chicago, Illinois, and has been serving customers since 1876. Street's is known for its comprehensive brand portfolio of commercial cleaning products sold worldwide. Its customers include distributors that service dry cleaners, commercial laundromats, hospitality businesses, and home furnishing companies, among others.


As the Company's end markets continued to recover from the pandemic, R.R. Street & Co. needed to carefully manage its operations and working capital. To better support its business needs, R.R. Street's engaged PPC to explore financing alternatives for the business. PPC analyzed the business, assessed financing alternatives, and marketed the financing opportunity to a targeted audience of bank and non-bank lenders. After evaluating various options, PPC recommended signing a financing proposal with CIBM Bank, which subsequently closed a new financing commitment to address the Company's financing objectives. PPC closed this new senior debt financing package for R.R. Street & Co. during the second quarter of 2024 representing another successful Done Deal for our firm.

Promontory Point Capital is a Milwaukee-based investment banking firm focused on the needs of Midwestern privately-held businesses. Since being formed in 2004, our firm has led over 175 client engagements including the evaluation of business sale and recapitalization options, the arrangement of debt and equity financing, and the planning and execution of growth strategies involving acquisitions, mergers, and joint ventures. Many inquiries to Promontory Point Capital include business objectives encompassing:


Ownership Planning, including Transition & Liquidity Goals: PPC is frequently introduced to business owners and/or senior management teams when shareholders are interested in learning about their options involving a potential sale of all or a portion of a business. We have arranged numerous transactions involving strategic partners, private equity firms, ESOPs, management buyouts, and other types of shareholder “recaps” including both minority and majority recapitalizations. 

 

Financing, Refinancing, & Debt Restructuring: PPC is oftentimes referred into situations where a business encounters a funding need that is beyond the comfort zone of a company's existing senior bank lender. PPC has arranged numerous transactions for companies involving senior bank debt, non-bank debt, subordinated debt, sale-leaseback financing, and other forms of institutional funding to support growth, acquisitions, shareholder redemptions, management buyouts, and other corporate initiatives.

 

Strategic Growth/M&A: Companies that have an interest in growing and expanding via acquisition or strategic joint venture are regularly referred to PPC given our firm's extensive corporate development experience.

 

We welcome your confidential inquiry and encourage you to visit our firm's website at www.promontorypointcapital.com for more information on our organization's capabilities and numerous other client successes.

PROMONTORY POINT CAPITAL
MILWAUKEE – (414) 225-0484

Chris Riegg

Partner

chris@promcp.com

Bill Penkwitz

Partner

bill@promcp.com

Mike Burmesch

Director

mike@promcp.com

Alex Penkwitz

Associate

alex@promcp.com

Edward Eisenhauer

Associate

edward@promcp.com

Eli Buczek

Analyst

eli@promcp.com

PROMONTORY POINT PARTNERS
CHICAGO – (312) 925-9972

Jeff Vogelsang

Partner

jeffv@prompoint.com

Mike Barto

Partner

mikeb@prompoint.com

Tim Wright

Senior Manager

timw@prompoint.com

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