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LBC Credit Partners Supports the Investment In Rogers Mechanical Contractors, Inc.

RADNOR, Pa., Oct. 13, 2020 /PRNewswire/ — LBC Credit Partners (“LBC”), one of the leading providers of financing solutions to middle market companies, provided a senior secured credit facility to support the investment in Rogers Mechanical Contractors, Inc. by Craft Work Capital Partners, LLC, a specialized joint venture backed by Aterian Investment Partners.

(PRNewsfoto/LBC Credit Partners)

LBC served as Agent and Sole Lead Arranger for the senior secured credit facility.

Founded in 1962 and based in Villa Rica, Georgia, Rogers is a leading national provider of HVAC/mechanical and plumbing contracting services to the distribution center market. Rogers provides retrofit and new construction contracting services, in-house design, engineering and drafting expertise, and for industry-leading e-commerce and logistics customers nationwide.

Craft Work is a specialized joint venture between Aterian and a long-standing family office relationship, established to make strategic investments in mechanical, electrical and other related specialty contractors. The Craft Work team is led by veteran strategic partners who have spent decades in the specialty contractor industry.

Aterian is an operationally focused middle market private equity firm that provides resources to companies to further enhance growth, operations and investment initiatives. The firm invests in businesses generating $25 million to $500 million of annual revenue with strong, proven franchises. After making an investment, Aterian, in partnership with management, seeks to focus on the critical growth, operational and liquidity initiatives of a business in an effort to drive value creation for all stakeholders.

About LBC Credit Partners

LBC Credit Partners provides middle market and small-cap financing solutions supporting sponsored and non-sponsored transactions throughout the U.S. across a broad range of industries. With over $3 billion of capital commitments, we have provided in excess of $7 billion to over 246 issuers throughout our 16-year history. *  LBC is headquartered in the Philadelphia area and has

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LBC Credit Partners Supports the Investment In Rogers Mechanical Contractors, Inc. | Nachricht

RADNOR, Pa., Oct. 13, 2020 /PRNewswire/ –LBC Credit Partners (“LBC”), one of the leading providers of financing solutions to middle market companies, provided a senior secured credit facility to support the investment in Rogers Mechanical Contractors, Inc. by Craft Work Capital Partners, LLC, a specialized joint venture backed by Aterian Investment Partners.

(PRNewsfoto/LBC Credit Partners)

LBC served as Agent and Sole Lead Arranger for the senior secured credit facility.

Founded in 1962 and based in Villa Rica, Georgia, Rogers is a leading national provider of HVAC/mechanical and plumbing contracting services to the distribution center market. Rogers provides retrofit and new construction contracting services, in-house design, engineering and drafting expertise, and for industry-leading e-commerce and logistics customers nationwide.

Craft Work is a specialized joint venture between Aterian and a long-standing family office relationship, established to make strategic investments in mechanical, electrical and other related specialty contractors. The Craft Work team is led by veteran strategic partners who have spent decades in the specialty contractor industry.

Aterian is an operationally focused middle market private equity firm that provides resources to companies to further enhance growth, operations and investment initiatives. The firm invests in businesses generating $25 million to $500 million of annual revenue with strong, proven franchises. After making an investment, Aterian, in partnership with management, seeks to focus on the critical growth, operational and liquidity initiatives of a business in an effort to drive value creation for all stakeholders.

About LBC Credit Partners

LBC Credit Partners provides middle market and small-cap financing solutions supporting sponsored and non-sponsored transactions throughout the U.S. across a broad range of industries. With over $3 billion of capital commitments, we have provided in excess of $7 billion to over 246 issuers throughout our 16-year history. *  LBC is headquartered in the Philadelphia area and has offices in

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Home renovation tax credit proposed by Sask. Party, NDP proposes wealth tax

The Saskatchewan Party is promising a new home renovation tax credit while the NDP said it would bring in a wealth tax as the election campaign came to Saskatoon on Wednesday.

Scott Moe, the leader of the Saskatchewan Party, said homeowners would be able to claim a 10.5 per cent tax credit on up to $20,000 of eligible renovations under his proposed tax credit.

“In this year’s budget, we reduced the PST on new home construction,” Moe said in a statement.

“We also want to provide a break to those who are fixing up their existing home. This new home renovation tax credit does just that.”

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Saskatchewan election tracker 2020

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The tax credit would include permanent additions to a homeowner’s primary residence but does not include items like furniture, appliances, hot tubs, tools or maintenance, Moe said

The cost of the program — which would run from Oct. 1, 2020, to Dec. 31, 2022 — is estimated by the Saskatchewan Party at $124 million.

The party said the maximum eligible amount allowed to be claimed to the end of 2021 is $11,000 and $9,000 for 2022.

Meanwhile, NDP Leader Ryan Meili said his proposed wealth tax would bring tax fairness to the province.

“We can do better — and ask the wealthiest amongst us to help ensure every family has access to the health care they need, when they need it,” Meili said in a statement.

“It’s time for a tax plan that puts people first — not the Sask. Party’s old boys’ club.”

Read more:
NDP faces uphill

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Saskatchewan Party outlines new home renovation tax credit as first election promise



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© Provided by The Canadian Press


SASKATOON — Saskatchewan Party Leader Scott Moe is promising to bring in a new tax credit for home renovations if his party is re-elected.

Moe says he believes the credit would help drive the economy and make renovations more affordable — key themes of his campaign for the Oct. 26 vote.

Homeowners would be able to claim about 11 per cent on up to $20,000 worth of renovation-related expenses between Oct. 1 and the end of 2022.

The Saskatchewan Party says the credit would save people up to $2,100 and cost the province $124 million over two years.

Moe says the credit would benefit the economy by encouraging people to spend money and hire for building.

He made the announcement in Saskatoon, one of the cities considered an election battleground.

More specifically, he was in the NDP-held constituency of Saskatoon Riversdale along with the party’s candidate.

That seat belonged to former NDP premiers Roy Romanow and Lorne Calvert and was won by the New Democrats in the 2016 election, but by less than 250 votes.

Moe has said he believes the Saskatchewan Party connects with urban voters, despite losses in recent byelections and some narrow victories in 2016.

NDP Leader Ryan Meili was also to be in Saskatoon for an announcement about taxes before travelling to Prince Albert to talk about health and infrastructure.

This report by The Canadian Press was first published Sept. 30, 2020

The Canadian Press

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Sask. Party promises $124M home renovation tax credit if re-elected

SASKATOON —
As the provincial election gets underway, the Saskatchewan Party is promising a home renovation tax credit that it says will help homeowners and provide a boost to the economy.

“In this year’s budget, we reduced the PST on new home construction. We also want to provide a break to those who are fixing up their existing home,” Sask. Party Leader Scott Moe said in a news release announcing the proposed credit.

Under the credit, homeowners would be able to claim a 10.5 per cent tax credit on up to $20,000 of eligible home renovation expenses incurred between Oct. 1, 2020 and Dec. 31, 2022, saving them up to $2,100, the release said.

Expenses eligible for the proposed tax credit include permanent additions to a home, but not furniture, appliances or maintenance such as furnace or carpet cleaning.

Hot tubs and tools and would also not be covered under the credit, the release said.

“It’s an incentive to spend, build and hire, which helps drive a strong recovery,” Moe said. 

Homeowners taking advantage of the proposed credit would be able to claim $20,000

in renovation costs on their 2021 and 2022 income tax returns for a maximum non-refundable credit of $2,100.

To qualify for the credit, homeowners would need to spend at least $1,000 on renovations.

Also under the Sask. Party plan, the maximum amount which can be claimed varies by tax year.

Between $1,000 and $12,0000 could be claimed on a homeowner’s 2021 provincial income tax return for renovations to a primary residence undertaken between Oct. 1, 2020 and Dec. 31, 2021.

Up to $9,000 in renovation expenses could be claimed on a homeowner’s for working happening between Jan. 1 and Dec. 31, 2022.

The Sask. Party pegs the cost of the proposed cost of the credit at

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