Integrated Asset Management Corp. (“IAM”) (TSX:IAM) and its’ private corporate debt group, IAM Private Debt Group (“PDG”), announce the closing on April 11, 2017 of a senior term loan to JMB Crushing Systems ULC (“JMB”), a portfolio company of Seattle-based private equity firm Westward Partners, LLC.
JMB has been producing and distributing gravel, sand, rocks and other materials for over 30 years, supplying aggregates from 35 different quarries and gravel pits. JMB’s aggregates are used for a variety of applications including industrial projects, oilfield developments, asphalt and concrete production and road work, giving the Company a broad, diversified customer base.
The capital raised by JMB will allow the business to refinance existing debt and free up working capital to support its growing operations in Western Canada and the Northwest United States.
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