Coffrages was familiar with Third Eye Capital’s hands-on experience in the construction services industry and sought its help to reorganize Coffrages, refinance bank debt and equipment leases, and to provide growth capital. It is one of only three formwork contractors in Quebec, which owns and is experienced in the use of PERI Formwork Systems, specialized equipment for high-rise buildings and complex projects. Opportunityįounded in 2000 and based in Lavaltrie, Quebec, Coffrages is a recognized construction leader in concrete foundations and versatile structural forms. Coffrages needed a partner who would not only provide capital to support its growth plan but help effect a financial and operational turnaround to restore confidence with various skeptical stakeholders. Coffrages was concurrently in the process of obtaining regulatory approval in order to bid on public contracts. Third Eye Capital provided Coffrages with a larger secured financing facility when the company’s bank had starved it of growth capital and threatened possible remedial action due to covenant breaches caused by quick amortizing equipment leases. It is led by an ambitious, result-oriented team motivated to grow beyond private-sector Quebec contracts.
Coffrages Synergy (Coffrages) is a recognized and highly sought-after construction leader in Quebec for concrete foundations and versatile structural forms.
0 kommentar(er)
