CHICAGO, Jan. 5, 2017 /PRNewswire/ — Element78 Advisors has advised on a custom-structured senior credit facility of up to $20.0 million for Cambium United, L.P., a leading construction services, building and equipment rental company headquartered in Plano, Texas with operations across multiple States, and the acquisition of Chem-Can Services, Inc., a portable restroom and sanitation services company located in Enid, Oklahoma.

Headquartered in Oak Brook, Illinois, Element78 Advisors is a boutique financial consulting, M&A advisory and direct investment firm focused on the lower-middle market. Element78 was founded with the intent and ability to realize business owners’ goals through financial disciplines, operational expertise and access to capital markets.

“We are extremely pleased to have advised on the credit facility for Cambium United, as well as on the acquisition of Chem-Can Services, Inc.,” said John Signa, Co-Founder and Managing Director at Element78 Advisors. “Cambium approached Element78 for assistance in refinancing its senior credit facility and securing additional working capital, capital expenditure financing and term debt to support the acquisition of Chem-Can Services, Inc., a portable restroom and sanitation services company with operations across the State of Oklahoma, as well as the company’s future capital expenditure needs. In this case, Element78 Advisors successfully advised on a $20.0 million senior credit facility for Cambium United, carefully customized to meet the company’s unique needs.”

“We could not have closed on the strategic acquisition of Chem-Can Services, Inc., had it not been for the advice and support we received from Element78,” said Nick L. Mackie, Chairman and CEO of Cambium United. “This acquisition will effectively double the size of our portable restroom and sanitation services business and expand our geographic footprint into Oklahoma, a market that we believe is poised for strong growth under the new administration.”

About Cambium United:

Cambium United is a privately held construction services firm that specializes in commercial modular buildings and equipment rental. The company operates through its wholly-owned subsidiaries, Sustainable Modular Management, Inc., a firm that finances, leases or sells customized commercial modular buildings, both relocatable and permanent structures, and Cambium Building & Construction Services, LLC (“Cambium BCS”), a construction equipment rental company that specializes in portable restroom, sanitation and septic services. Cambium BCS operates in Dallas Fort-Worth, Texas under the brand name MMG Building and Construction Services and in Enid, Oklahoma under the brand name Chem-Can Services, Inc. For more information, visit https://www.linkedin.com/company/cambium-united

About Element78 Advisors:

Element78 is an advisory and direct investment firm focused on the lower middle-market. Element78 was founded with the intent and ability to realize business owners’ goals through financial disciplines, operational expertise and access to capital. We are built to engage in a customized fashion and offer financial advisory services for buy-side and sell-side engagements, as well as thoughtfully-structured, customized finance solutions to private companies nationwide. Element78 delivers unique and invaluable perspective with decades of experience in corporate finance, private equity and wealth management. Our relationship-centric outlook has enabled us to build a large and growing network of lenders and investors, who can be brought to bear to support your short-term and long-term goals. For more information, visit http://e78advisors.com.

Securities offered through Independent Investment Bankers Corp. a broker-dealer, Member FINRA/SIPC. Element 78, LLC is not affiliated with Independent Investment Bankers Corp. www.iibcorp.com www.finra.org www.sipc.org

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/element78-advises-on-200mm-credit-facility-for-cambium-united-and-the-acquisition-of-chem-can-services-inc-300386308.html

SOURCE Element78 Advisors