January 6, 2016 | Press Room
Chicago, IL/Price, UT –International investment banking firm, Madison Street Capital, acted as the exclusive financial advisor in arranging a credit facility for its client, Renegade Industrial, LLC. The facility was provided by Loeb Term Solutions. The transaction was announced today by Charles Botchway, CEO of Madison Street Capital. The transaction was led by Madison Street Capital Senior Managing Director, Barry Petersen. Specific terms of the deal were not disclosed.
This transaction was notable because it demonstrated Renegade’s ability to diversify revenue in a very challenging oil and gas market.
“It is impressive that Renegade is experiencing an uptick in this sector and new market penetration, while most of their competitors are struggling. This facility is timed very well to support these initiatives,” Petersen explained.
Renegade Industrial’s President, Tom Staniforth, credited Madison Street Capital as being a pivotal asset in closing such a timely deal.
“As President of Renegade, I want to state the appreciation for the opportunity to work with Madison Street Capital. Their Senior Managing Director, Barry Peterson, played an extremely crucial role in closing this deal for Renegade Industrial. We are looking forward to a long-lasting relationship with Mr. Petersen and Madison Street Capital.”
About Madison Street Capital
Madison Street Capital is an international investment banking firm committed to integrity, excellence, leadership and service in delivering corporate financial advisory services, merger and acquisition expertise, financial opinions, and valuation services to publicly and privately held businesses. These services position our clients to succeed in the global marketplace. In undertaking each new project, the client’s goals and objectives become ours, ranging from financial advisory and successful capital raises to M&A transactions to transfers of ownership. Madison Street Capital views emerging markets as the core component driving the global growth of our clients, and will continue to focus significant assets on these markets. Our firm has earned the trust of clients around the world through our unwavering dedication to the highest levels of professional standards. For additional information, please visit our website and follow us on Facebook, Twitter, YouTube and LinkedIn.
About Renegade Industrial
Headquartered in Price, Utah, Renegade Industrial is a highly experienced, efficient, and customer-focused provider of products and services to the Oil, Gas, Mining and Power industries. From design to fabrication, manufacturing, trucking, and support services, Renegade Industrial provides superior products and solutions. For additional information about Renegade Industrial, visit the company’s Web site at www.renegadeindustrial.net
For five generations since 1880, Loeb has been a trusted provider of reliable equipment and related services that help manufacturers and financial institutions leverage their industrial assets by managing the equipment lifecycle. Headquartered in Chicago, Loeb’s affiliate Loeb Term Solutions provides credit facilities to clients with significant assets. Loeb provides: equipment sales, purchases, rentals, leasing & liquidations, certified market appraisals from Loeb Appraisal, auction services & asset disposition from Loeb Winternitz Industrial Auctioneers, and equipment financing from Loeb Term Solutions. Loeb and all of its divisions are experts in providing equipment solutions to the: food, pharmaceutical, cosmetics, chemical, metalworking, woodworking, plastics, and printing industries. For more information on Loeb or any of its business units, please visit: www.loebequipment.com