Fishery in Transition Overhauls Operations and Preserves Equity

Challenge


After several acquisitions to further increase its presence in the premium seafood marketplace, one fishery needed to consolidate its legacy operations to better serve a growing customer base. That required a significant reconfiguring of the company’s processing operation to increase capacity and improve logistics.

For companies going through so much organizational change and transition, finding lenders to back a multimillion-dollar buildout can be challenging.

Solution


CSC stepped in, procured new equipment, and through its sale leaseback solution, reimbursed the growing business for previously purchased equipment. That enabled the fishery to overhaul the processing operations so it could grow commercially, while injecting cash back onto the balance sheet and preserving equity funds for other higher ROI priorities.

Results

With equipment financing from CSC, the fishery is realizing these benefits:

• Maintained ownership with non-dilutive financing
• Increased cash flow with predictable payments
• Preserved availability on other debt facilities
• Experienced a simpler, more flexible financing process
• Improved asset management with CSC’s customizable, web-based portal
• Simplified— vendor agnostic— procurement