Sargent Electric Company

Client Profile
Sargent Electric Company (‘Sargent Electric’ or the ‘Company’), headquartered in Pittsburgh, Pennsylvania, is a leading electrical contractor primarily serving the electric utility and major industrial sectors. The Company employs electrical wiremen, linemen and technicians to perform construction, maintenance and service work for the metals and petrochemical industries; for electric generating, transmission and distribution facilities and for other selective installations.
Situation
Following its implementation of a new long-term business plan, Sargent Electric sought a new senior banking relationship to fund its business plan and anticipated growth.
Solution
With the mandate to complete the transaction expeditiously, SSG developed a refinancing plan for the Company and completed the transaction in approximately 90 days.