Family-owned Business Raises Capital to Fund Strategic Plan
Industry: Distributor—Industrial Automation and Electrical Products
Company Profile: Daltco is Eastern Ontario’s largest independent electrical, lighting, and automation distributor.
It serves the industrial, commercial, and residential marketplaces.
NewPoint’s Role: NewPoint was retained in a corporate finance role raise to financing to support its strategic plan.
Transaction Snapshot: NewPoint worked with the company to determine the appropriate capital structure to fund the growth plans of the business.
Due to the large working capital requirements of the business, availability of financing against working capital assets was paramount.
As such, NewPoint targeted lenders with a focus in this area.
