MVP Plastics, Inc.
Company: MVP Plastics, Inc.
Financing Amount: $2,000,000 Accounts Receivable Line of Credit
Financing Date: August 28, 2020
About The Company
MVP Plastics, Inc (“MVP” or “the Company”) specializes in custom injection molding, decorating and assembly of Plastic Partis. The Company is the one stop source for delivering solutions that bring products to markets. As a minority certified supplier (NMSDC), the company has specialized equipment which allows for the manufacturing of products that many competitors simply cannot.
Situation
MVP approached Alantes with a request for working capital and acquisition financing. At the time, there was considerable M&A activity in the plastics space, and similar to its competitors, MVP was in a position to capitalize.
Solution
Alantes was able to structure a $2,000,000 accounts receivable facility which allowed to company to access working capital and lever the accounts receivable of its target in order to successfully execute a leveraged buyout of the target company. “We are pleased with Alantes’s ability to manage seller expectations, while simultaneously running an efficient capital raising process,” reflected Darrel McNair, founder of the MVP. “We look forward to continuing our working relationship with Alantes as future acquisition opportunities arise”
About Alantes
Alantes Corporate Finance is a private investment bank specializing in capital raises and strategic advisory for small to middle market businesses across the nation. Our team prides itself on our ability to provide unique solutions for all of your business needs. Whether you’re looking to acquire a new company or additional working capital for operations, Alantes is your trusted source for business growth and expansion. Our multi-faceted approach allows us to craft creative solutions that adds value at the most critical junctures so you can focus your resources on core business activities.
For more information on this transaction, contact Alantes Corporate Finance at info@alantes.com
Alantes Corporate Finance, LLC
205 E 42nd Street, 16th Fl
New York, NY 10017
