In March 2014, Sylvan Lake based, Redcore Ltd. Successfully raised conventional and second lien capital to facilitate a shareholder buyout, balance sheet recapitalization and to provide working capital for a growing business. Redcore is an expansion oriented pipeline and facility contractor active across Western Canada.
Stormont acted as the exclusive financial advisor to the company and its shareholders including:
- Identified suitable sources of capital
- Managed a competitive process with multiple counter-parties
- Negotiated commercial terms
- Closed the transaction
This transaction provided needed growth capital to Redcore as it continued to expand market share in the upstream pipeline construction market.
