Commercial HVAC firm

Pioneer Capital Advisory LLC was approached by the buyers of an existing commercial HVAC firm based. The seller of the company was nearing retirement age and was looking for a liquidity event. He wanted to sell the company to a buyer with the passion to take the business to the next level.  The buyer group was able to retain the existing employee base, and execute a long-term employment contract with the existing general manager, providing a profitable incentive plan to keep him on as an employee post-acquisition.

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Pioneer Capital Advisory LLC utilized its relationships with top SBA lenders to secure a $1.14 million SBA 7(a) loan for the buyers which included $85,000 of working capital. The loan financed 90% of the total project costs. The buyers were able to utilize a seller note on full standby for half of their required 10% down payment.  This specific acquisition was difficult to find a lender for due to the inexperience of the buyer group in the HVAC industry. The loan was placed with a top 5 nationwide SBA lender.

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If you are a buyer of a small to medium sized business looking to obtain financing for a business acquisition and want to ensure that you are obtaining the most favorable financing terms for your deal, please reach out to Matthias Smith with Pioneer Capital Advisory LLC. Each bank has its own unique credit box of the types of deals it will finance, and Matthias will ensure that your deal is presented properly to the lender that will finance it with the most favorable terms.