PPC Advises Clinkenbeard & Associates on Growth Financing

Promontory Point Capital is excited to announce another one of our firm's recent client successes.

Based in Beloit, Wisconsin, Clinkenbeard & Associates is an innovator in the rapid development of complex parts and assemblies required by aerospace, defense, power generation, and other industrial applications. With over 50 years of history backed by ISO 9001 and ITAR certifications, Clinkenbeard's capabilities include engineering, advanced machining, and manufacturing expertise.

Despite the pandemic, several of the Company's end markets continue to experience rapid growth, which has increased the demand for Clinkenbeard's engineering capabilities and products. In particular, programs involving the training of military personnel represent an increasing proportion of global military spending, just one industry sector served by Clinkenbeard. As a result of increased demand for the Company's products, PPC was engaged to arrange financing to better capitalize the business for continued growth. In addition to arranging new senior bank debt facilities for the Company, PPC's engagement also included soliciting interest from non-bank providers of mezzanine financing. PPC supported Clinkenbeard and its ownership group through the financing effort which resulted in arranging both senior and mezzanine financing to support the Company's growth plan. The financing transaction arranged by PPC for Clinkenbeard & Associates represented another successful Done Deal for Promontory Point Capital during 2021.

Promontory Point Capital is a Milwaukee-based investment banking firm focused on the needs of Midwestern privately-held businesses. Since being formed in 2004, our firm has led over 150 client engagements including the evaluation of business sale and recapitalization options, the arrangement of debt and equity financing, and the planning and execution of growth strategies involving acquisitions, mergers, and joint ventures. Many inquiries to Promontory Point Capital include business objectives encompassing:

Ownership Planning, including Transition & Liquidity Goals: We are frequently introduced to owners or senior management teams when owners are interested in learning about their options involving a potential sale of all or a portion of their business. We have arranged transactions involving strategic partners, private equity firms, ESOPs, management buyouts, and other types of shareholder “recaps” including both minority and majority recapitalizations.

Financing, Refinancing, & Debt Restructuring: A company may have either short-term or long-term funding needs that are beyond the comfort zone of its existing senior bank lender. PPC arranges capital for companies including senior bank debt, non-bank debt, subordinated debt, sale-leaseback, and other forms of institutional funding to fund growth, acquisitions, shareholder redemptions, management buyouts, and other corporate purposes.

Strategic Growth/M&A: A company may have an interest in growing and expanding by acquisition or strategic joint venture and wish to have an initial conversation regarding their strategic growth objectives.

We welcome your confidential inquiry and encourage you to visit our firm's new website at

www.promontorypointcapital.com for more information on our organization's capabilities and numerous other client successes.