Bridgewell Agribusiness LLC

Aerial view of a green cornfield with rows of tall stalks, agricultural landscape and sustainable farming
INDUSTRY
Agriculture

 Hilco Corporate Finance Served as Investment Banker to Bridgewell Agribusiness LLC for a Financing Transaction

Overview

Hilco Corporate Finance (HCF) is pleased to announce the closing of a financing for Bridgewell Agribusiness LLC (Bridgewell or the Company). HCF acted as exclusive investment banker to the Company.Bridgewell

Client

Based in Clackamas, Oregon, the Company delivers end-to-end food and agriculture supply chain management services, such as contract manufacturing, custom packaging, and logistical solutions. Bridgewell serves a blue-chip customer base and maintains a diverse selection of food and agricultural products, inclusive of non-GMO, gluten-free, organic, and conventional options.

Situation and Engagement

The Company experienced continued growth following the expansion of its core business, necessitating incremental working capital support and heightened liquidity. At the same time, Bridgewell faced a near-term maturity wall on its existing credit facility and sought a new lender to provide the required capital and structure to support the Company. HCF was engaged as the Company’s exclusive advisor to find an optimal capital partner.

Outcome

HCF ran a highly competitive process directed at both banks and non-bank lenders, receiving differentiated financing proposals. The Company ultimately proceeded with a solution from Legacy Corporate Lending, LLC (Legacy), which retains unique experience in ABL financing. Legacy extended a $25.0 million ABL facility, ensuring adequate working capital and liquidity for the long-term goals of the business.

About Hilco Corporate Finance and Hilco Global

HCF, a boutique investment banking advisor affiliated with Hilco Global, provides unmatched creativity and relentless support to its clients. HCF’s seasoned team of professionals specializes in comprehensive advisory services to private and public companies, private equity groups, family offices, and entrepreneurs. Hilco Global is a diversified financial services company with 20+ highly specialized business units and over 800 professionals across five continents globally.

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