Brittany Stamping, LLC
Brittany Stamping, LLC (“Brittany” or the “Company”) is a leading manufacturer of metal stampings, gray iron castings, and formed plastic products. Founded in 1978, Brittany has grown substantially throughout the years by acquiring a number of small and mid-sized traditional, Midwestern manufacturing companies and expanding their market presence. Brittany is located in Cleveland, Ohio.
Liquidity constrained due to incurring costs of executing an operational restructuring strategy. In addition, the Company’s revenue generation was suppressed due to industry wide downturns in two of its primary end user markets, domestic and residential construction.
SSG was retained to deliver a financing package that would provide an exit for the existing senior lender and create sufficient liquidity for the Company to execute its strategy.