Our client is a family-owned and operated Texas-based distributor of industrial and maritime products. The company started in 1963 and has become a reputable partner for many national and global manufacturers. With their variety and quality of products, they are one of the best distributors in their field.

The company experienced a series of unfortunate events following the COVID-19 pandemic. Along with the COVID shutdowns and price hikes, the distributor’s patriarch had to step away due to his health. A few months later, an electrical fire devastated their warehouse.

Despite the circumstances, the family united. They invested in marketing and renovated the property, gradually making a recovery.

In 2024, the company needed to increase its existing credit facility, however, due to the historical financial performance it wasn’t achievable through traditional bank financing.

The great team at Amegy Bank introduced the distributor to Flatbay Capital BDO, Vivian Thompson, and a solution was provided quickly.

Flatbay Capital supplied a $1.5MM commercial real estate line of credit to pay off existing notes and provide cash out for working capital needs.

“We were created to help companies such as this: a family business legacy established over 60 years ago in need of additional capital to ensure the next 60 years of growth, innovation, and success,” Vivian says. “I’m extremely thankful for the amazing partnership with Amegy Bank, appreciative for their trust in us, and beyond pleased that we provided a meaningful solution.”

A big thank you to the client for partnering with Flatbay Capital! We can’t wait to see their turnaround over the next few years!