Keltic Financial Services provided a $5,000,000 revolving line of credit to finance a new company, Columbia Systems International of South Carolina, LLC.
April 29, 2011
Columbia Systems International of South Carolina, LLC was formed from the acquisition of the assets from the bankruptcy estate of Partition Systems Incorporated of South Carolina plus the merged assets/liabilities of affiliated companies Galaxy Hardware, Inc. and National Specialties, Inc. CSISC is a manufacturer and distributor of commercial restroom partitions, lockers, compatible hardware, and washroom accessories.
“Our company was in a dire financial situation requiring funding that would allow us to survive and grow so that we could reach our potential. Keltic enabled us to consolidate three companies into one, and advised us in such a way that we were able to satisfy both our legal and financial requirements. With Keltic’s assistance we were able to obtain an ABL loan. The loan closing went smoother than any other financial transaction of this type that I have been involved in. Everyone at Keltic was friendly, upfront about everything and very knowledgeable in all financial matters. Working with the people at Keltic was a pleasure and I felt like they always had our best interest at heart. I would absolutely, without reservation, recommend Keltic Financial Services, LLC to anyone and encourage others to call me at any time to discuss my experience while working with the Keltic group.”
Kenneth A. Bass, Chief Executive Officer, Columbia Systems International of South Carolina, Inc.