Intelligent Transportation Services Company

$20,000,000 Senior Secured Revolving Line of Credit

Refinance Existing Debt & Support Working Capital

Concord Financial Advisors, LLC closed a $9.68MM Deal, including: $7.0MM Revolving Line of Credit, $1.68MM Equipment Term Loan, $750K CapEx Line of Credit, and $250K Advance Term Loan, for AMS Group, Inc. (“Company”).

Our Client:

The Company is a leading innovator and provider of services and solutions for intelligent transportation systems in North America, and is one of the top four companies in their space in the U.S. Its parent company, a €575m public company headquartered in Europe, is one of the top three players in Europe, offering a comprehensive suite of technology solutions. The Company is a market leader in North America due to its cutting-edge stereoscopic capability and has a strong pipeline of new customers and projects. The Company is well positioned for growth in FY24 and beyond with a strong customer base and substantial pipeline.

The Engagement:

The Company’s North American team sought a lender to capitalize the Company with debt for tax and non-tax reasons. As a project-based company, it required a sufficient line of credit to fund operating needs and large multi-year projects, bridging the gap between upfront investments and project milestone payments.

The Concord Close:

Concord was able to help the team work through its options and find a seasoned lending partner. Concord drew on its experience to quickly identify the most appropriate lenders, and promptly sourced attractive proposals on behalf of the Company. Despite the Company’s under performance to budget the last three years, Concord was able to use its 100+ years of corporate finance experience, 95% success rate closing deals, and deep relationships with a wide spectrum of nationwide corporate financiers to arrange a creative and structurally favorable senior credit facility for the Company.

Concord introduced the Company to a leading ABL progress billings lender because of its understanding of the complexities of structuring and documenting the loan and advances, its expertise in lending against progress billings and other asset categories in the United States and Canada, and its scalable financing.

The Results:

A $20 Million asset based facility with the flexibility to support the Company’s growth plans. This external funding allows the region to manage its own equity investments in the Company, and provides financial resources using the Company’s assets in the United States and Canada to meet its ongoing capital needs.