Capstone Partners advised Bessemer Investors (Bessemer) on its closing of a senior secured credit facility for Legacy Restoration (Legacy or the Company), the proceeds of which funded the acquisition of the Company. The financing was led by Tree Line Capital and Bridge Bank.
Founded in 2011 and headquartered in Plymouth, MN, Legacy Restoration is a leading insurance restoration and remodeling company, primarily serving the major metropolitan markets of Minneapolis-St. Paul, Chicagoland and Denver. Legacy provides a suite of products and services including roofing, window replacements, siding, gutters and storm damage restoration. The Company serves a variety of end markets including residential, multifamily, and commercial.
Andrew Mendelsohn, Principal at Bessemer said
"The Capstone team delivered a better result than we expected heading into the transaction while also lessening the time burden of the debt process for our team. In addition, their expertise and market presence resulted in an efficient and smooth document negotiation."
Brian Schofield, Managing Director at Capstone, stated
This transaction was yet another example of the value a high-quality equity sponsor brings to a well-coordinated financing process. We’re extremely pleased with the outcome, and look forward to working with Bessemer again in the near future; their entire team was a joy to work with.”