Manufacturer of Agricultural Equipment – AK

LIGHTHOUSE REMAINS PATIENT; CLOSES TRANSACTION AFTER NINE MONTHS

This manufacturer of agricultural tillage, cultivating, and harvest equipment managed through the 8-year trough of the Ag Super Cycle and was poised to take advantage of an industry uptick.  However, the effects of the Covid-19 pandemic and management turnover slowed their efforts.  Lighthouse began due diligence in September of 2021 and agreed to wait while the owner of the business restructured the management team and brought all reporting current.  The transaction was complete in June of 2022 with Lighthouse providing an aggressive Line of Credit against Accounts Receivable and Inventory