SYDNEY, Nov. 29, 2017 /PRNewswire/ -- Rivet Pty Limited, the Australian transportation and logistics company announced today that it has obtained a financing package, including a term loan from Gordon Brothers Finance Company and Gordon Brothers that refinanced existing facilities and facilitated the ownership transfer and expansion of its business. Rivet CEO Mark Rowsthorn has acquired ownership of the firm, which has been in the process of restructuring. Rivet serves customers in the energy and mining sectors.
"We were pleased to find a solution that allows us to control the business, stabilize operations and grow," stated Rowsthorn. "We look forward to continuing to serve our customers and are grateful to Gordon Brothers Finance Company and Gordon Brothers for the flexibility this financing affords."
"We were pleased to provide a bespoke capital solution that is supportive of its objectives," stated Tim Stewart, Head of Australia for Gordon Brothers. "The underwriting expertise, creative structuring and capital Gordon Brothers Finance Company brings were critical in closing this deal."
"Partnering with Gordon Brothers in Australia provided the on-the-ground asset expertise we needed to customize a structure that met the company's needs," stated Gene Martin, CEO of Gordon Brothers Finance Company. "The company will be well-positioned under Mark's ownership to pursue new market opportunities," he added.
"Rivet is very well-respected in the industry and we are happy to help support its restructuring and growth," stated Lawrence Klaff Senior Managing Director Gordon Brothers Finance Company "We look forward to supporting Rivet's success."
Gordon Brothers is a global advisory and investment firm operating out of 25 offices across five continents, including North America, South America, Europe, Asia and Australia. Gordon Brothers Finance Company provides asset-based term loans to middle-market companies and maintains a strategic partnership with Gordon Brothers.
Rivet (www.rivet.com.au) is an Australian provider of specialized transport and logistics solutions. The Rivet Group operates businesses primarily operating in the bulk haulage and LPG/liquid fuel logistics industries, including aviation refueling services. Rivet also offers specialist workshops in key metropolitan locations throughout Australia.
About Gordon Brothers
Since 1903, Gordon Brothers (www.gordonbrothers.com) has helped lenders, operating executives, advisors, and investors move forward through change. The firm brings a powerful combination of expertise and capital to clients, developing customized solutions on an integrated or standalone basis across four service areas: valuations, dispositions, operations, and investments. Whether to fuel growth or facilitate strategic consolidation, Gordon Brothers partners with companies in the retail, commercial, and industrial sectors to put assets to their highest and best use. Gordon Brothers conducts more than $70 billion worth of dispositions and appraisals annually. Gordon Brothers is headquartered in Boston, with 25 offices across five continents.
About Gordon Brothers Finance Company
Based in Boston, MA, Gordon Brothers Finance Company (www.gbfinco.com) provides asset-based loans to middle market companies globally. Solely focused on lending, the dedicated team is nimble, creative, and responsive in structuring credit agreements. The company's loans often serve as a complement to standard, first-tier financing, extending credit beyond traditional sources.
SOURCE Gordon Brothers