Accord Financial Inc. provides $10,000,000 acquisition financing
· In December 2017, Accord Financial granted a $10M ABL facility to The C.A.T. Transportation Group for the acquisition of the assets of SLH Transport Inc.
· C.A.T., a truckload carrier and specialized logistics provider was looking for growth opportunities when SLH Transport, a wholly owned subsidiary of Sears Canada, was put up for sale following the Sears bankruptcy.
· Accord was able to authorize and disburse the loan within 3 weeks, meeting the time frame designated by the monitor, allowing C.A.T. to complete the acquisition.
“I had worked with Accord in the past and knew that if anyone could meet the deadline, it would be them.” - Daniel Goyette, President of C.A.T.