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Houlihan Smith Arranges $12.3 million Mezzanine Facility for ESA Environmental Specialists, Inc.
CHICAGO, IL/ Charlotte, NC (April 2007) Houlihan Smith & Company, Inc. acted as exclusive financial advisor and placement agent in enabling a $12.3 million mezzanine facility for its client, ESA Environmental Specialists, Inc. ("ESA")., it was announced by Charles Botchway, Vice Chairman of Houlihan. The credit facility was provided by New York City based Prospect Capital Management LLC.
"ESA is led by dynamic entrepreneurs with great vision and even better operational expertise. This is rare in todays typical mid- market company. ESA is the exception and this facility will enable the company to implement their vision and puts them well on their way to becoming a market leader," stated Jay Rodgers, a Houlihan Managing Director and head of the deal team.
ESA is a multi-disciplined general contracting, design/build, engineering, environmental, and high performance coating firm. The Company offers services for the entire spectrum of environmental conservation, restoration, compliance, pollution prevention, and construction services during facilities evaluation, planning, design, pre-construction, and construction. ESA has offices in Texas, Florida, Virginia, and Pennsylvania, and is headquartered in Charlotte, North Carolina. The Company participates in the U.S. SBA's sole source contracting program under 13CFR124.
Prospect Capital Management LLC is a mezzanine debt and private equity firm that manages a publicly-traded, closed-end, dividend-focused investment company, Prospect Energy Corporation (NasdaqNM: PSEC). Prospect primarily provides non-control debt financing to management teams or financial sponsors. In addition, Prospect selectively makes control acquisitions by providing multiple levels of the capital structure.
Houlihan Smith & Company, Inc. ("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 where both business owners and investors mutually benefit. We have 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 and we provide cost-effective fairness and solvency opinions, as well as valuations for tax and financial reporting to some of the largest NYSE/NASDAQ companies, as well as small, privately-held businesses.