NEWS & UPDATES
Houlihan Smith Arranges $2.7 million Credit Facility for DIY Shade,Inc.
CHICAGO, IL/ Dallas, TX (May 2007) Houlihan Smith & Company, Inc. ("Houlihan") acted as exclusive financial advisor and placement agent in arranging a $2. 7 million credit facility for its client, DIY Shade, Inc. ("DSI"), as announced today by Charles Botchway, Vice Chairman of Houlihan. The credit facility was provided by New York City based Laurus Capital Management LLC.
"The combination of management experience and talent of DSI, coupled with the financial backing of Laurus Capital Management, is certain to lead to great success for DSI, in an industry space which is experiencing a considerable level of consolidation," said Sylvester Gbewonyo, the Managing Director who led Houlihan's deal team.
DSI designs and builds cable-tensioned outdoor shade canopies for protection from the sun, heat, hail, snow and rain. The company's canopy shade structures protect aircraft, automobiles, RVs, buses, boats, materials and animals throughout the Sun Belt, the Hail Belt, the Deep South, and Southern California.
Laurus is an investment firm with a strategy of making direct investments in small and micro-cap companies with the goal of positive equity returns. Their vision is to lead the transformation of their resources into growing profitable businesses in this sector with appreciating equity values.
Houlihan is an investment banking firm that provides advisory, financing and valuation services to public and private businesses. Houlihan is a registered broker-dealer and NASD/SIPC Member. Houlihan is affiliated and works closely with Houlihan Valuation Advisors, a leading valuation firm with offices throughout the United States, providing Houlihan with a team of industry experts to efficiently handle complex client engagements.
Houlihan understands the time sensitivity of corporate finance and is able to respond quickly and tenaciously to opportunities. The Houlihan approach creates corporate finance transactions in which both business owners and investors mutually benefit. Houlihan has the knowledge, experience and relationships to match buyers and sellers, as well as to match the appropriate financing and capitalization structure to each unique client situation. The Houlihan name is synonymous with professional financial expertise. The company provides cost-effective fairness and solvency opinions, in addition to valuations for tax and financial reporting, to some of the largest NYSE/NASDAQ companies, as well as small, privately-held businesses.