Commerce Street Capital, LLC Arranges $15 Million Senior Debt Placement
By: Commerce Street Capital, LLC | January 30, 2018
Commerce Street Capital (“CSC”), a Dallas-based investment banking firm, is pleased to announce that its merchant banking division has arranged $15 million of senior debt financing for Dempsey Wood Products, Inc. (“DWP”) to consolidate existing debt and to accelerate the expansion and modernization of its South Carolina lumber production facilities.
Dempsey Wood Products is a rapidly growing commercial sawmill located in Orangeburg, South Carolina. The family-owned and operated company, founded in 1988 by Ronny Dempsey and currently managed by Dempsey and his son, Parker, has grown to become an industry leader in the Southeastern U.S. wood products market. The upgrades, planned for completion in 2018, will create efficiencies which will increase production and minimize waste during the lumber production process. The enhanced performance of sawmill operations will enable DWP to better service the breadth and scope of its growing customer base.
About Dempsey Wood Products, Inc.
DWP has served the Southwest Pine market for 30 years. Products include chips for paper production, domestic hard wood and pine lumber, landscaping mulch and various sizes of pallets. They also produce kiln dried lumber and timbers primarily for decking and fencing, pallet lumber, and quality chips for pulp mills.
About Commerce Street Capital
Commerce Street Capital is an investment banking firm serving financial institutions and middle-market companies. They value client collaboration and build long term relationships based on mutual respect, goals and integrity. Their practices include: mergers/acquisitions, debt/equity placements, valuations/fairness opinions, bank capital services, SBIC funds, corporate/real estate finance and regulatory/due diligence services. For more information, visit www.commercestreetcapital.com or call 214-545-6800. CSC is a member of FINRA/SIPC.
This press release is for information purposes only and does not constitute a solicitation or offer by Commerce Street Capital, LLC, to buy or sell any securities, futures, options, foreign exchange or other financial instrument or to provide any investment advice or service. The testimonials stated within this press release may not be representative of the experience of other clients. The testimonials stated within this press release are not indicative of future performance or success. The testimonials stated within this press release are not paid testimonials.