Gilbert, Ariz.-based Schwab Sales LLC, an earthmoving rental specialist, recently completed a $95 million refinancing. FocalPoint Partners LLC, based in Los Angeles, arranged, structured and negotiated the debt with CIT serving as sold lead arranger and administrative agent and Wachovia and JP Morgan Chase serving as co-documentation agents.
“This transaction demonstrates FocalPoint’s ability to close transactions in sectors that require specific expertise and insight,” said Dan Conway, managing director of FocalPoint.
FocalPoint is an independent investment bank specializing in mergers and acquisitions, private placements of debt and equity and financial restructurings, primarily focusing on middle-market companies with revenues between $10 million and $250 million in a diverse range of industries.
Schwab Sales has branches in Tucson, Ariz.; Sacramento and Corona, Calif.; and Las Vegas.
