AEC provides a $2,500,000 finance facility for acquisition and working capital needs of Indiana-based sheet metal fabricator.
Advanced Energy Capital provided the funding for Alpine 4 Technologies, Ltd. (Alpine) to close on their latest acquisition of Deluxe Sheet Metal Inc. Deluxe is a company that has been in business for over 45 years, specializing in all aspects of Commercial and Industrial Sheet Metal installations.
New York, NY (PRUnderground) November 14th, 2019
Advanced Energy Capital provided $2,500,000 of funding for Alpine 4 Technologies, Ltd. (Alpine) to close on their latest acquisition of Deluxe Sheet Metal Inc. Deluxe is a company that has been in business for over 45 years, specializing in all aspects of Commercial and Industrial Sheet Metal installations. Servicing top research institutions like the University of Norte Dame and large companies like GE, Deluxe is the go-to company for complex thermal and HVAC design in their region. Completed in 2004, Deluxe’s facility is home to a 59,000-square-foot building purposefully tucked away into a hillside on South Bend’s northwest side. Within their building is a 35,000 square foot fabrication shop filled with skilled Union craftsmen and some of the latest in modern equipment and advanced technologies giving Deluxe the abilities to meet some of the most arduous demands of today’s complex construction projects. The facility is one of the most modern operations in the area.
The closing of this transaction represents the second acquisition AEC has financed for Alpine 4 Technologies. AEC delivered the working capital to help close the deal and support the growth of Deluxe as the business continues to expand its operations.
“Our terrific experience with AEC as our current financing partner on our prior acquisition made it an easy decision to work with them again on our acquisition of Deluxe.” Kent B. Wilson, CEO of Alpine 4. “AEC’s dedication and support for our vision continues to help us achieve growth, value and stability for our employees and shareholders.”
“Kent has continued to successfully demonstrate his ability acquire, operate and integrate businesses under the Alpine umbrella. We look forward to continuing to work with him and his team as he continues to execute on his business plan.” said Richard Rudy, Principal and Co-Founder of AEC. “The size of this deal is right in our sweet spot,” said Jack Doueck, AEC’s other principal and Co-Founder. “We have had a busy year in 2019 and we are looking forward to a huge 2020, thanks to clients like Deluxe.”
AEC is a commercial finance company which provides working capital financing ranging from $500,000 to $8,000,000 to small and middle market manufacturers, distributors, and service companies nationwide. Based in New York, AEC is committed to helping businesses increase their capacity for business transactions. AEC’s programs provide companies with capital in a fraction of the time it would take to process a loan through the bank and in many cases provide significantly higher proceeds than the traditional factoring companies and asset-based lenders, while taking on assignments the traditional commercial finance market ignores. www.advancedenergycap.com.
About Alpine 4 Technologies:
Alpine 4 Technologies, Ltd (ALPP) is a publicly traded conglomerate that is acquiring businesses that fit into its disruptive DSF business model of Drivers, Stabilizers and Facilitators. At Alpine 4, we understand the nature of how technology and innovation can accentuate a business. Our focus is on how the adaptation of new technologies, even in brick and mortar businesses, can drive innovation. We also believe that our holdings should benefit synergistically from each other with the ability to have collaboration across varying industries that spawns new ideas and creates fertile ground for competitive advantages. This unique perspective has culminated in the development of our Blockchain enabled Enterprise Business Operating System called SPECTRUMebos.
About Advanced Energy Capital