Gordon Brothers Agents C$200M Financing to Boost Growth
In a significant move, Gordon Brothers, recognized as global asset experts, has successfully arranged C$200 million in financing for Morgan Construction. This financing package consists of a five-year C$150 million revolving credit facility alongside a C$50 million accordion designed to bolster Morgan’s working capital, facilitate new equipment purchases, and champion their ongoing growth efforts.
Partnership Details and Equipment Acquisition
Through this five-year collaboration with Morgan Construction, Gordon Brothers will deliver extensive asset advisory and consulting services via Nations Capital, a member of the Gordon Brothers family. This partnership aims to empower Morgan to acquire new, high-caliber equipment and optimize its machinery fleet, aligning with their strategic growth objectives.
Quotes from the Leadership
“Establishing a robust presence in Canada while expanding solutions that support local businesses is vital to our mission. We’re honored to partner with such a respected family-owned business as Morgan Construction,” explained Kyle Shonak, Chief Transaction Officer at Gordon Brothers. He further elaborated, “Our synergy of traditional lending capabilities, advisory services, and deep asset expertise creates a comprehensive solution that promotes growth in the Canadian market.”
Focus on Client Service
Peter Kiss, President and CEO of Morgan Construction, echoed these sentiments, stating, “Gordon Brothers’ industry experience and equipment insight are pivotal as we serve our clients across Canada. This well-structured financial facility will enable us to expand our operations and enhance our growth potential.”
Comprehensive Capital Solutions
Gordon Brothers stands out for its provision of both short- and long-term capital to businesses undergoing transformations. The firm excels in lending against and investing in various asset types, including brands, real estate, inventory, receivables, machinery, and equipment. By offering tailored solutions that go beyond traditional lending, Gordon Brothers is able to meet the multifaceted needs of their clients.
Strategic Partnerships
In addition to their financing solutions, Gordon Brothers collaborates with management teams, private equity sponsors, strategic buyers, and asset-based lenders worldwide. Their expertise in unique financial situations allows them to offer flexible, tailor-made solutions, aligning seamlessly with traditional debt and equity structures while enhancing overall credit and yield potential.
About Gordon Brothers
Founded in 1903, Gordon Brothers has made a mark by maximizing liquidity through realizable asset values. The firm brings a solutions-oriented approach to asset services, lending, financing, and trading. By drawing on their extensive knowledge across various asset classes, including retail, commercial, and industrial sectors, they provide clients with the strategic insights needed to optimize asset values throughout the business cycle. Gordon Brothers operates from Boston, with over 30 offices spread across North America, Europe, the Middle East, Africa, and Asia Pacific.
About Morgan Construction
Morgan Construction ranks among Canada’s foremost heavy civil contractors, specializing in earthworks, environmental services, demolition, and site development. Headquartered in Edmonton, Alberta, the company has a wide operational reach across Canada and parts of the United States, employing over 1,100 staff. With a focus on safety, operational excellence, and strong community ties, Morgan Construction is well-positioned for scalable growth and continues to partner with multiple Indigenous communities.
Frequently Asked Questions
What is the purpose of the C$200 million financing?
The financing is intended to support Morgan Construction's working capital, facilitate new equipment purchases, and promote growth.
What type of services does Gordon Brothers provide?
Gordon Brothers offers a range of asset advisory, lending, and consulting services, focusing on maximizing asset value for clients.
How long is the partnership between Gordon Brothers and Morgan Construction?
The partnership is established for five years, allowing for long-term collaboration and support.
What industries does Morgan Construction operate in?
Morgan Construction serves key sectors, including energy and mining, offering a variety of civil contractor services.
Where is Gordon Brothers headquartered?
Gordon Brothers is headquartered in Boston, with additional offices located throughout North America, Europe, the Middle East, and Asia Pacific.
