Case Summary: Fred Weber, Inc.(FWI)

Fred Weber, Inc.(FWI)

Term Loan

Overview

Founded in 1928, Fred Weber, Inc.(FWI) is the largest operator of limestone quarries and producer of hot mix asphalt in the greater St. Louis area. They are an industry leading, full-material contractor supplying crushed stone, sand and asphaltic concrete in addition to providing surface and underground mining services.

 

Need

FWI had a unique opportunity to gain additional market share by acquiring a competitor.

 

Result

Working in conjunction with the Company’s existing revolver lender, PNC Bank N.A., Crystal provided a term loan which delivered the incremental liquidity needed to finance the acquisition.