{"id":12541,"date":"2018-01-17T23:49:41","date_gmt":"2018-01-17T23:49:41","guid":{"rendered":"http:\/\/minutes.machine.market\/?p=12541"},"modified":"2018-01-17T23:49:41","modified_gmt":"2018-01-17T23:49:41","slug":"essex-arranges-10mm-debt-financing-for-anderson-hydra-platforms","status":"publish","type":"post","link":"https:\/\/machine.market\/blog\/essex-arranges-10mm-debt-financing-for-anderson-hydra-platforms\/","title":{"rendered":"Essex Arranges $10MM Debt Financing for Anderson Hydra Platforms"},"content":{"rendered":"<p><a href=\"https:\/\/www.essexcapitalgroup.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Essex Capital Group<\/a>\u00a0arranged a $10 million term debt capital raise for\u00a0<a href=\"https:\/\/crane.market\/search\/-anderson-hydra-platforms\" target=\"_blank\" rel=\"noopener noreferrer\">Anderson Hydra Platforms<\/a>\u00a0and Anderson Crane &amp; Bridge Technologies, affiliated companies in the business of manufacturing, selling and leasing under-bridge access platform cranes.<\/p>\n<p>A deteriorating infrastructure system in the U.S. has led to rapid growth in demand for Anderson\u2019s cranes that allow for under bridge repairs. This recapitalization allowed the company to consolidate numerous debt facilities while providing additional capital to further invest in fixed assets. At the same time, Anderson\u2019s monthly debt service was reduced by approximately 50%.<\/p>\n<p>\u201cI can\u2019t stress enough how critical a partner Essex was in making this complicated deal happen. As a former 30-year banker, I have a unique appreciation for the level of professionalism and steady hand Rob and Bob were able to provide while leading us through this deal,\u201d said Todd Lumpkin, Anderson CFO.<\/p>\n<p>Essex Capital acted as the company\u2019s exclusive advisor in this transaction.<\/p>\n<p>Essex Capital Group is a Tampa, FL-based corporate finance firm serving small and middle market privately-held companies located throughout the U.S.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Essex Capital Group\u00a0arranged a $10 million term debt capital raise for\u00a0Anderson Hydra Platforms\u00a0and Anderson Crane &amp; Bridge Technologies, affiliated companies in the business of manufacturing, selling and leasing under-bridge access platform cranes. A deteriorating infrastructure system in the U.S. has led to rapid growth in demand for Anderson\u2019s cranes that allow for under bridge repairs. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12542,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":""},"categories":[3],"tags":[110,208],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Essex Arranges $10MM Debt Financing for Anderson Hydra Platforms - MachineMarket Blog<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cranemarket.com\/blog\/essex-arranges-10mm-debt-financing-for-anderson-hydra-platforms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Essex Arranges $10MM Debt Financing for Anderson Hydra Platforms - MachineMarket Blog\" \/>\n<meta property=\"og:description\" content=\"Essex Capital Group\u00a0arranged a $10 million term debt capital raise for\u00a0Anderson Hydra Platforms\u00a0and Anderson Crane &amp; Bridge Technologies, affiliated companies in the business of manufacturing, selling and leasing under-bridge access platform cranes. A deteriorating infrastructure system in the U.S. has led to rapid growth in demand for Anderson\u2019s cranes that allow for under bridge repairs. 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