ER Wagner Manufacturing Company (“ERW”) designs, engineers, manufactures, and purchases for resale metal hinges and stampings, metal tubular components, casters, and wheels which are sold primarily to industrial companies throughout the United States. The Company dates back more than 120 years with its primary operating facility located just outside of Milwaukee, Wisconsin and its secondary operating location based in Chicago, Illinois. ERW is a respected manufacturer known for producing custom-engineered, vehicle-specific, industrial metal products for a diverse set of customers. ERW’s end products encompass metal hinges, latches, and wheels used in a variety of door, lift gate, and storage applications across consumer, recreational, military, fire, and ambulatory vehicle segments along with other niche material handling markets.

As the Company, its customers, and the supply chain all continue to recover from the pandemic, all levels of the ERW organization have been pushing forward on a number of performance improvement initiatives. Given PPC’s prior experience in leading efforts to refinance and replace a Company’s existing senior bank lender, ER Wagner engaged PPC to explore financing alternatives to better support the business’s needs. After being retained in mid-April, PPC quickly prepared the necessary marketing and financial materials to lead an accelerated process. After just 6 weeks, PPC solicited competing financing proposals from multiple interested lenders that would support closing a new financing package by June 30^th. PPC led negotiation efforts on behalf of E.R. Wagner and recommended moving forward with MidCap Business Credit as the Company’s new senior lender. PPC closed this new senior debt financing arrangement for ER Wagner on June 30^th representing another successful Done Deal for our firm.