Pipeline Industries Inc. Completed a Debt Recapitalization with Vectra Bank in Deal Negotiated by W. G. Nielsen & Co.
DENVER, December 5, 2007 -- W. G. Nielsen & Co., a leading Denver-based investment banking firm, today announced that it has negotiated a debt recapitalization and a revolving line of credit on behalf of Pipeline Industries, Inc. Terms of the multi-million dollar deal were not disclosed.
“Putting this deal together helps Pipeline achieve its strategic goals, and we were very pleased with the relationship that we helped forge between Pipeline and Vectra Bank– it is a real win-win,” said Blake Nielsen, Analyst, W.G. Nielsen & Co.
W. G. Nielsen & Co. specializes in developing creative and mutually beneficial matches for company buyers and sellers. W.G. Nielsen & Co. helped Pipeline, a company primarily focused on the emergency repair of underground pipe, secure a relationship with Vectra Bank, an institution that prides itself on meeting the financing needs of strong midsize companies in Colorado.
“W.G. Nielsen has been a tremendous partner, guiding us through a transaction that lets us be true to our core business,” said Lincoln Peacemaker, Director of Pipeline Industries. “It is clear that the Nielsen team knows the local banking marketplace because they found a bank that offered us fair terms in a short timeframe. Additionally, Vectra understands our culture and designed a package that enables us to continue our strategic plan to grow.”
“We are proud to be associated with Pipeline and Vectra Bank,” said Wayne G. Nielsen, President of W.G. Nielsen. “Both of these organizations have a strong presence and a tradition of excellence in Colorado. We are thrilled with this transaction’s outcome and look forward to celebrating successes with both of these companies for many years to come.”
About W.G. Nielsen
W.G. Nielsen & Co. is a Denver-based investment banking firm that specializes in mergers and acquisitions (sell side and buy side advisory services) and structured and leveraged financing transactions. W.G. Nielsen & Co. is the dominant independently owned FINRA investment banking firm in the region offering clients innovative financing solutions. The company enables select mid-sized clients to achieve their goals through strategic alliances, industry experience, and proven methodologies. Since the company’s inception in 1996, W.G. Nielsen professionals have completed transactions valued in excess of $4 billion.
About Pipeline Industries
Founded in 2000, Pipeline Industries pulls more sewer repair permits than any other company in the Denver metro area. Pipeline has become the dominant excavator and emergency repairer of underground sewer, water, and storm pipe in the industry by offering highly specialized technology and expertise. Further distinguishing the Company, Pipeline Industries has the fastest customer response time in their market.
About Vectra Bank Colorado
With assets of $2.4 billion, Vectra Bank Colorado is a proactive, client-focused organization dedicated to real relationship banking. Part of the Zions Bancorporation family of banks, Vectra serves Colorado’s middle-market and corporate business clients with a complement of banking services, from foreign exchange and international trade finance, web-based treasury management and customized financing and leasing options, to corporate trust services and wealth management
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