British Traditions, Inc.

Location: Kansas City, MO

Industry: Furniture and Cabinetry Manufacturer

DVS Role: Capital Markets Advisory
The Client: British Traditions, Inc. is a Kansas City based manufacturer and reproducer of antique European cabinetry and furniture. British Traditions recreates and wholesales its craftsman quality pieces for designers and high-end furniture stores throughout North America.
The Close: British Traditions was growing rapidly and had positioned itself to dominate the local market for premium cabinet systems. Its bank was unable to provide the growth capital and terms acceptable to the owner, so DVS sourced a new banking relationship. With the help of DVS, British Traditions closed on a new SBA term loan with significant permanent working capital built in as well as a revolving line of credit to fuel further growth.

JC Grason Recap.

Location: Leawood, Kansas

Industry: Financial Services- Tax Planning

DVS Role: Capital Markets Advisory

 

The Client: JC Grason is an independent income tax and financial services firm, specifically devoted to working with retirees and those planning for their retirement. Their services include retirement planning, tax planning and estate planning.

 

The Close: DVS Group was approached by JC Grason, a former transactional client, when their banking relationship became adversarial. Their existing bank, formerly a community bank, had been recently acquired by a Big Bank that did not want to deal with small business clients. After a series of miscommunications, the new bank management threatened to call JC Grason’s note in 2 business days even though the company was in strong financial health. DVS was able to hold their old bank at bay and deliver a term sheet from a new bank in less than a week. The client’s new loan funded within 35 days.

Patriot Outfitters

Location: St. Mary’s, Kansas

Industry: Tactical Gear Retailer

DVS Role: Capital Markets Advisory
The Client: Patriot Outfitters was established in 1999 as a supplier of tactical gear and equipment and has grown rapidly from one website to nineteen retail locations and 2 web portals.
The Close: DVS assisted Patriot Outfitters refinance $1.285 M of term debt into a 10 year SBA-guaranteed note. The United Bank of Kansas was the refinancing bank. Under this new relationship, additional growth capital will also be available to Patriot Outfitters for their planned expansion of products lines and retail sites.

Foulds

Location: Libertyville, IL

Industry: Manufacturing- Pasta

DVS Role: Capital Markets Advisory
The Client: Established in 1885, Foulds is a leader in the pasta industry, manufacturing major national retail brands of pasta and National Food Service products in addition to many other natural and organic products. They have an artisan-like production team with an average tenure of 23 years and use traditional, old-world, quality driven manufacturing processes. Foulds has developed and brought to market some of our country’s most recognizable brands.
The Close: DVS approached Foulds as a potential target for a Buy-Side search that DVS was conducting on behalf of a former CEO of a pet food manufacturing company. When Foulds’ objectives did not align with the controlling interest acquisition objective of the buyer client, Foulds in turn hired The DVS Group to help restructure the company’s debt. Foulds’ bank at the time was not willing to restructure the company’s existing debt. DVS approached multiple lenders and helped Foulds reach an agreement with the lender that combined the ideal size of bank, the best terms, and access to growth capital needed to fulfill future contracts.

Paige Technologies, LLC Recap.

Location: Grandview, MO (Kansas City Metro)

Industry: Staffing and Consulting-Information Technology

DVS Role: Capital Markets Advisory
The Client: Paige Technologies, LLC. is an IT staffing and consulting firm, providing resources for: onsite maintenance, project management, structured system analyses and design, application development, in addition to software development, testing and language-based programming.
The Close: Following the management buyout of Paige Technologies, growth opportunities came to fruition quickly. Unfortunately the bank that had financed the acquisition declined to provide adequate working capital to match the ambitions of the new owners. DVS connected the management team with a new banking partner that allowed the company to refinance its senior term debt to include some permanent working capital while also providing more generous terms on the accounts receivable borrowing base for Paige’s working capital line of credit. The recapitalization was completed quickly to allow management to seize the opportunities before them.