Pacific Northern, Inc. Secures New Senior Credit Facility with East West Bank
Austin, Texas (March 21, 2019) – Focus Strategies Investment Banking (“Focus Strategies”) is pleased to announce that Pacific Northern, Inc. , headquartered in Carrollton, Texas, has secured a new senior credit facility with East West Bank to refinance its existing senior debt and working capital facilities. Focus Strategies served as the exclusive financial advisor and private placement agent to Pacific Northern, Inc.
Established in 1987, Pacific Northern is the preeminent designer and manufacturer of displays and fixtures for the world’s leading luxury brands and distributors. Austin based Barton Creek Equity Partners (“BCEP”) and Tuckerman Capital, a private investment firm based in Hanover, New Hampshire, acquired Pacific Northern in 2013. Focus Strategies worked hand-in-hand with BCEP, Tuckerman Capital and the management team of Pacific Northern to ensure a successful refinancing.
Ron Duncan, Co-founder of BCEP, stated, “The team members at Focus Strategies are true professionals, and we are grateful for their leadership and counsel. Their consistent availability, attention to detail and willingness to roll up their sleeves helped us achieve a great refinancing outcome for Pacific Northern. We look forward to developing our new partnership with East West Bank.”
“It was a great pleasure to work with Focus Strategies on this relationship. Their professionalism, expertise and execution is top notch,” said Mark Koshnick, SVP of East West Bank.
Gary Valdez, President of Focus Strategies, said, “Partnering with East West Bank is a natural fit for the company. We are excited about Pacific Northern’s strategic direction and have every confidence in management’s ability to execute. It was a great outcome for both parties and we were excited to be a part of it.”