Serigraph, Inc. is a leader in decorative graphics and technologies serving the appliance, automotive, consumer electronics, medical, industrial, power sports, retail, and other specialty markets. By providing innovative, eye-catching technologies and related production services, Serigraph enables its clients to differentiate their brands and stand out at the point of the purchasing decision. Based in West Bend, Wisconsin, the Company’s products range from custom graphics for the instrument cluster in an automobile, to the control panel on a dishwasher, to promotional displays in a variety of retailers and restaurants across the country.
Virtually all of Serigraph’s customers were impacted by the pandemic, and with continued volatility in both customer orders and the Company’s supply chain, the business has needed to carefully manage its operations and working capital. Given PPC’s prior experience in leading companies through a refinancing effort, Serigraph engaged PPC to explore financing alternatives to better support the business’s needs. After being retained in mid-August, PPC quickly prepared the necessary materials and an online data room to lead an accelerated process. By mid-September, PPC solicited several competing financing proposals from multiple interested lenders that would support closing a new financing package for Serigraph within 45-60 days. PPC led negotiation efforts on behalf of Serigraph and recommended moving forward with Gibraltar Business Capital as the Company’s new senior lender. PPC closed this new senior debt financing arrangement for Serigraph during November of 2022 representing another successful Done Deal for our firm.