Rosenthal Completes $13MM in Transactions for Clients Across Multiple Industries

Rosenthal announced the completion of several transactions, including an asset based lending deal and three deals for Rosenthal’s newest division, Pipeline, serving e-commerce and direct-to-consumer businesses. The funding and financing facilities will help to address clients’ working capital needs and support various growth opportunities.

A major mitigation and restoration company serving communities up and down the East Coast was referred to Rosenthal by Rick Szekelyi, Managing Director of Phoenix Management Services, a third-party consultant. Rosenthal EVP and National Underwriting Manager for ABL Rob Martucci, together with his late Rosenthal colleague, Al Foster, worked closely with the ownership and management teams to get comfortable with the deal by looking at percentage of completion and progress billings. Rosenthal was able to develop a comprehensive borrowing base that worked for both parties, providing a $5 million revolving line of credit against the company’s accounts receivables.

“This non-traditional ABL structure is a perfect example of how clients can benefit from Rosenthal’s creativity and flexibility to get the working capital they need to run and grow their business,” said Martucci.