Jetronic Industries, Inc.

Client Profile
Jetronic Industries, Inc. (“Jetronic”) a publicly traded company (AMEX: JET), is engaged in the design, development, manufacture, distribution and sale of electronic and electrochemical equipment for commercial and government use with operations throughout the country.
Situation
Jetronic was in need of acquisition financing that would enable it to initiate an acquisition program designed to expand its switchgear and wire harness division, as well as, expand its solid state power supplies division which caters to the aircraft and aerospace industries.
Solution
SSG delivered significantly higher availability on Jetronic’s asset-based credit facilities.As part of the transaction, SSG secured a cash flow loan to finance an acquisition program while eliminating the need to raise equity capital, at a time when Jetronic was just initiating its turnaround plan.