"We would highly recommend Promontory Point Capital to companies seeking to understand their financing options. PPC quickly delivered competing funding proposals and helped us close our new financing package in a professional and expedited manner."
Sean Torinus
Chief Executive Officer
Anna Neumann
Chief Financial Officer
Serigraph, Inc.
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Serigraph, Inc.
is a global leader in decorative graphics and technologies serving the appliance, automotive, consumer electronics, medical, industrial, power sports, retail, and other markets. By providing innovative, eye-catching technologies and services, Serigraph enables clients to differentiate their brands and stand out at the point of the purchasing decision. Based in West Bend, Wisconsin, the Company’s products range from graphics for the instrument cluster in a car, to the control panel on a dishwasher, to promotional displays advertising sandwiches and soft drinks in a fast-food restaurant.
As activity across the Company’s end markets continues to grow, Serigraph’s revenue and working capital needs continue to expand. Given these trends, and the resulting future financing needs of the business, the Company’s advisors recommended that Serigraph’s ownership and leadership team have a conversation with Promontory Point Capital. PPC was engaged during the second quarter of 2019 to evaluate additional financing alternatives for Serigraph, inclusive of exploring both bank and non-bank funding options to address the Company’s goals. After soliciting several competing financing proposals on Serigraph’s behalf, PPC recommended moving forward with an asset-based financing package offered by Wells Fargo Bank.
In addition to preparing a Financing Memorandum for Serigraph, soliciting interest from a targeted group of bank and non-bank lenders, and assisting in the negotiation of financing proposals, Promontory Point Capital managed all financial diligence activities through the closing of the transaction. Serigraph’s new capital structure funded by Wells Fargo Bank provides the Company added funding availability and borrowing flexibility, with market-competitive pricing. Promontory Point Capital closed this transaction during September of 2019.
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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 125 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.
Situations where Promontory Point Capital has been helpful include:
- Ownership Planning: We are frequently introduced to owners or senior management teams when owners are interested in learning about their options involving a potential sale of all or a portion of their business. We have arranged transactions involving strategic partners, private equity firms, ESOPs, management buyouts, and other types of shareholder “recaps” including both minority and majority recapitalizations.
- Financing: A company may have either short-term or long-term funding needs that are beyond the comfort zone of its existing senior bank lender. PPC arranges capital for companies including senior bank debt, non-bank debt, subordinated debt, sale-leaseback, and other forms of institutional funding to fund growth, acquisitions, shareholder redemptions, management buyouts, and other corporate purposes.
- Growth/M&A: A company may have an interest in growing and expanding by acquisition or strategic joint venture and wish to have an initial conversation regarding their strategic growth objectives.
We welcome your confidential inquiry and encourage you to visit our new website at
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PROMONTORY POINT CAPITAL
MILWAUKEE – (414) 225-0484
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Mike Burmesch
Senior Associate
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PROMONTORY POINT PARTNERS
CHICAGO –
(312) 925-9972
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Tim Wright
Senior Manager
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Investment Bankers That Get Results
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