Presto Parts*, a major auto parts distributor, was owned by Baby Boomers ready to sell. The long-time COO was ready to buy. He turned to his advisor. The advisor turned to us.
The owners floated a discounted price. The takeover was in reach, but with significant capital commitment.
National committed $8M, with seller financing bridging the remaining gap. The path looked set.
When seller financing suddenly unraveled, the deal looked dead in the water. But National wasn’t giving up.
Within a week, we restructured and recommitted: $15M direct from National, $3M from our lender network.
Retiring owners. Last-minute pivots. Financing gone sideways. No matter the chaos, our partners know we’ll keep their clients moving forward.
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