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ACI was founded in 1983 and is
headquartered in Canton,
MI. ACI is a leading, solution-oriented
provider of outsourced services to the communication services
industry. The Company provides
fulfillment and construction services to cable companies and multiple
system operators throughout the Midwestern and Northeastern
United States. Over
the past 18 months, ACI experienced liquidity constraints driven by
challenging market dynamics involving industry consolidation, rising
fuel prices as well as the bankruptcy filing of one of its largest
customers.
SSG was retained by ACI to
explore strategic alternatives - focusing on securing additional
capital for the Company. SSG marketed
ACI to a wide variety of traditional and alternative lenders and
investors, ultimately closing on a $28 million facility provided by PNC
Business Credit secured by a first lien on all the assets of the
Company. SSG’s ability to
successfully navigate the current credit environment and to facilitate
and close the transaction enables the Company to implement its
strategic initiatives to expand its service footprint.
Michael Falsetti, Chief
Executive Officer of ACI commented “Today, as a team, we are enthusiastic
about the possibilities of ACI in a post-closing environment. We are thankful to SSG and to all of
the professionals who worked with us – they all played a key role in
the Company’s survival. They
worked hard and smart as if it were their own Company”.
If you would like to learn more
about SSG or inquire about the ACI transaction, please contact one of
the deal team members listed.
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