Wood Processing Jan 2023

February 7, 2023
An equity group-owned wood processing company with multiple locations in the south needed to recover working capital from its previous capital expenditures-the acquisition of two existing companies and a third acquisition in mid-2022 to expand locations. The company transforms urban wood, construction debris, and yard waste into soil-regenerating compounds, organic compost, blended soils, mulch, and energy pellets on an industrial scale. Utica responded with an $8,000,000 capital lease secured by machinery and equipment, giving the company additional working capital needed to continue operations and grow business.