Essex Capital Arranges $2.7 Million Recapitalization

Essex Capital Group, Inc. (“Essex”), announced today that the firm recently arranged a $2,700,000 term loan for Harger Utility Contractors, Inc. (“Harger” or the “Company”).

Harger is a Service Disabled Veteran Owned Small Business specializing in site development, earthwork, concrete work, horizontal directional drilling, auger boring, and other general civil construction.  With expertise in site and utility work, the Company designs trenchless applications for construction and infrastructure projects.

Harger approached Essex to structure a financing solution after a customer failed to pay the Company on a large project, causing a liquidity crunch and a default with its existing lender. 

Rob Swain, Essex President commented, “We were pleased to bring Harger a new lender that took the time to understand the Company’s short term problems and recognize the long term growth potential of the business. We were able to arrange a term loan that refinanced the existing bank and restored needed liquidity for Harger. It has been a pleasure to work with the Company’s management team, and we’re looking forward to tracking their continued turnaround and success for years to come.”

Essex Capital acted as the Company’s exclusive advisor in this transaction.

About Essex Capital Group

Essex Capital Group, Inc. is a Tampa, Florida-based corporate finance firm serving small and middle market privately-held companies located throughout the United States. With extensive capital markets experience, Essex provides creative solutions to businesses in need of financial restructuring. Typical advisory services include balance sheet recapitalizations with senior and subordinated debt. Since inception in 2003, Essex has successfully raised in excess of $850 million for 130+ corporate finance clients. 

Contact Information

Robert Swain

President

Essex Capital Group, Inc.

(1) 813.837.3500

rob@essexcapitalgroup.com