H.J. Baker & Bro.
H.J. Baker & Bro. has refinanced $100,000,000 with BMO Harris Bank
Carter Morse & Goodrich ("CMG") is pleased to announce that it served as the exclusive financial advisor to H.J. Baker & Bro., LLC. ("H.J. Baker") in its $100 million debt refinancing with BMO Harris Bank, a U.S. subsidiary of the Bank of Montreal ("BMO"). The multinational debt package, which will be syndicated, included an asset backed line of credit, an specialized equipment finance term loan as well as a cash flow based term loan.
Founded in 1850, H.J. Baker is a fifth-generation family-owned company headquartered in Shelton, Connecticut and is a world leader in sulphur and animal nutrition industries. Earlier in the year, members of the CMG team advised H.J. Baker on its acquisition of ICEC, a major international marketing and distribution house with offices and staff around the world. Formerly named Oxbow Sulphur, ICEC, a H.J. Baker Company, is the world's largest independent marketer and distributor of sulphur and sulphur-based products. The Company owns and operates a wide array of assets and provides a variety of services to oil refineries and gas producers, as well as customers producing fertilizer, mining precious metals and manufacturing diverse chemical products.
BMO Harris Bank
Carter Morse & Goodrich
Located in Southport, Connecticut, Carter Morse & Goodrich is a boutique M&A advisory firm that specializes in representing closely-held and family businesses valued between $20 million and $200 million. CMG specializes in helping owners of leading companies in unique and niche markets to plan, prepare, execute, and close successful transactions that maximize shareholder value. We fully understand and appreciate the unique dynamics of closely-held and family businesses and the importance of their legacies. While CMG provides a full range of investment banking services such as business sales and divestitures, equity and debt capital raises, acquisition services and pre-transaction advisory services, our primary focus is representing sellers who are pursuing their once-in-a-lifetime M&A transactions. For more than 30 years, the combination of our hands-on approach, senior banker attention, strategic guidance, seamless transaction execution and extensive network of domestic and international resources has enabled us to become a trusted advisor to hundreds of business owners. CMG's Broker/Dealer affiliate, Carter Capital Corporation, is a FINRA member firm registered with the SEC and SIPC. For more information, please visit us online at: www.cartermorse.com