Mid-States Advisors, Inc.
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    • Joseph P. Alam, Chairman
    • Joseph P. Alam III, Managing Director
    • James E. Mies, Jr. Managing Director
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Recent Transactions:

$3.5 Million Dollar Closing
Mid-States Advisors is pleased to announce it acted as advisor to the buyer in the purchase of a Michigan based Plating business.  We worked in collaboration with a group of skilled tax and transaction professionals to complete this complex assignment. The purchase of the business and all assets served to facilitate the retirement of debt by the seller.

​As usual, it takes a team to get the job done right!
​

$32 Million Dollar Closing:

Mid-States Advisors is pleased to announce it completed financings totaling $32 Million dollars for two related entities that provide value added commodity management services with a focus on the automotive and manufacturing industries.  The companies have operating locations in the US, Canada, and Mexico.

Entity One:
Non-Recourse Revolving Loan
Amount: $15 Million
Collateral: Receivables and Inventory
Rate: 85% of Receivables and 85% of Inventory OLV
Term: 3 Years
CapEx Facility: $500,000

Entity Two:
Non-Recourse Revolving Loan
Amount: $17 Million
Collateral: Receivables and Inventory
Rate: 85% of Receivables and 85% of Inventory OLV
Term: 3 Years
CapEx Facility: $500,000

The previous lender had requested that our client find another lender.  These profitable companies anticipate revenues of approximately $165 million in 2010, and are implementing a growth and diversification plan.

We solicited and received multiple proposals from lenders interested in establishing a relationship with these growing businesses.

$4 Million Closing:

Mid-States Capital acted as an adviser to the buyer for the purchase and financing of a non-automotive investment-casting firm.


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