BDO Capital Advisors Completes Capital Raise and ESOP Formation Advisory for Storage Solutions, Inc.

Boston, MA - July 22, 2013 - BDO Capital Advisors, LLC is pleased to announce that it served as exclusive financial advisor and placement agent to support an ESOP formation transaction for Storage Solutions, Inc. and its affiliated companies, Storage Solutions USA, LLC, Logistics Handling, LLC, and Warehouse Solutions, Inc. (collectively “SSI” or the “Company”). As the exclusive placement agent to SSI, BDO Capital Advisors prepared a private placement memorandum, identified and contacted a targeted group of potential financing sources and assisted in structuring and negotiating of the transaction on behalf of the Company.

SSI, with headquarters in Westfield, Indiana, provides turnkey solutions for material handling and industrial storage equipment from warehouse design to sales of equipment and finally professional installation. The Company sells both new and used material handling equipment, including pallet racking, work benches, lockers, services carts and industrial shelving.

BDO Capital advised SSI on the placement of $29 million of senior securities required to finance the ESOP formation. This transaction was overseen by President Bob Snape, Director Kevin Sendlenski and Senior Associate Patrick Bisceglia from BDO Capital Advisors’ Boston office.
 

ABOUT BDO CAPITAL ADVISORS, LLC
BDO Capital Advisors, LLC is a leading middle market investment bank that focuses on mergers and acquisitions advisory, capital raising, and board advisory with offices located throughout the United States. The firm has deep industry knowledge, extensive cross-border transaction experience, and superior execution capabilities. BDO Capital Advisors, LLC provides sell-side and acquisition advisory, ESOP advisory, private placements, fairness opinions, and capital markets advisory. The firm has broad industry expertise and contacts having closed transactions within the Manufacturing & Distribution, Consumer, Food & Retail, Healthcare & Life Sciences, Business Services, Energy & Natural Resources, and Technology, Media & Telecom sectors. Our seasoned investment bankers have collectively advised on hundreds of transactions for a variety of clients including family-owned businesses, entrepreneur-led companies, public corporations, and leading private equity firms.

The firm has worldwide access to buyers, sellers, and offshore investors via the Corporate Finance practices of BDO International’s network of independent member firms which have been ranked collectively as a Top 5 global M&A midmarket advisor based on total deal volume announced in 2016, according to Thomson Reuters SDC. BDO International Corporate Finance firms operate in approximately 60 countries with over 2,000 professionals who are able to meet the investment banking needs of clients across the globe.