Privately held electrical wire & cable distributor Gehr Industries has secured a $15 million revolving credit score by way of BizCap —a nationwide business finance and advisory agency.
Los Angeles-based Gehr Industries has served contractor, distributor, retail and infrastructure markets throughout North America for greater than 60 years.
Backed by two legacy manufacturers (Century Wire & Cable and Milspec Industries) and an engineered energy division, Gehr continues to develop throughout a number of markets. BizCorp stated the financing will construct stock and assist ongoing development and dealing capital wants.
“From the outset, BizCap demonstrated distinctive professionalism and composure,” Gehr CEO & President David Lifschitz stated in Nov. 12 information launch. “Their deep market experience and powerful lender relationships proved invaluable in navigating the complexity of this transaction. Tim Gaines and the BizCap crew’s calm, solutions-focused strategy ensured seamless communication throughout all events and a clean, profitable closing.”
“Gehr Industries exemplifies an organization with deep roots, robust management and a transparent imaginative and prescient for the longer term,” added Tim Gaines, Vice President at BizCap. “We’re proud to have delivered a financing answer that reinforces their development trajectory and operational energy. This partnership displays how strategic capital and collaboration can empower corporations to construct on their legacy and speed up momentum.”
