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Home›Financial Advisor›BGL Announces Closing of Evercast Multi-Acquisition Financing | New

BGL Announces Closing of Evercast Multi-Acquisition Financing | New

By Todd McArthur
April 28, 2021
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CHICAGO, April 27, 2021 / PRNewswire / – Brown Gibbons Lang & Company (BGL), a leading independent investment bank and financial advisory firm, is pleased to announce the closing of the financing used to support two acquisitions by Evercast, a holding company of PNC Mezzanine Capital and Cornerstone Capital Partners. BGL Debt Markets Team served as Evercast’s exclusive financial advisor in the process. Specific terms of the transaction were not disclosed.

BGL was retained as financial advisor to Evercast to organize the capital of the committed debt within a short timeframe.

Evercast is a leading provider of precast and prestressed concrete products in the Southeast and Mid Atlantic United States, providing end markets such as transportation infrastructure, underground utility networks and construction commercial and residential. The company has sought a senior debt financing partner to support the acquisition of Precast Supply Company, as well as the ongoing acquisition of a second exclusive target. The acquisitions will complement Evercast’s existing product offerings while further expanding its presence and customer base.

BGL was retained as a financial advisor to organize the committed debt capital in a timely manner which would provide the company with the flexibility and ability to support acquisitions and future growth plans.

BGL’s Debt Capital Markets group organizes debt solutions across the credit spectrum on behalf of public, private or sponsored companies. The team provides a transparent link between BGL’s sector bankers, the contacts of the company’s financial sponsors and its extensive network of lender relationships to ensure optimal prices and conditions for clients.

About Brown Gibbons Lang & Company

Brown Gibbons Lang & Company (BGL) is a leading independent investment bank and financial advisory firm specializing in the global mid-market. The firm advises private and public companies and private equity groups on mergers and acquisitions, divestments, capital markets, financial restructurings, valuations and opinions, and other strategic matters. BGL has investment banking offices in Chicago, Cleveland, and Philadelphia creamand real estate agencies in Chicago, Cleveland, and San Antonio. The company is also a founding member of Global M&A Partners, enabling BGL to serve clients in more than 30 countries around the world. Securities transactions are conducted through Brown, Gibbons, Lang & Company Securities, Inc., a subsidiary of Brown Gibbons Lang & Company LLC and a registered broker and member of FINRA and SIPC. For more information, please visit www.bglco.com.

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SOURCE Brown Gibbons Lang & Company

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