Partners

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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Owego Home Central store partners with Cornell Cooperative Extension | WIVT

OWEGO, NY – A local hardware and home improvement store is helping raise money this month for a new partner.

Home Central has teamed up with Cornell Cooperative Extension of Tioga County for their “Round Up for Extension” initiative.

Beginning last Thursday, Home Central customers have been able to round up to the nearest dollar amount during check out to donate to CCE.

Home Central’s General Manager Ryan Rennells says he’s optimistic that people will donate to the cause, and that the store will be doing it’s part as well.

“It’s a great cause. We think people will be more than happy to donate. They do a lot of good in the area. As our part of this, everything that we are able to raise, Home Central is going to match that donation,” says Rennells.

Despite having a COVID-positive customer in late September, the Owego Home Central location remains open, having been thoroughly cleaned and following all safety protocols.

The month-long promotion is running at both the Owego location, as well as their location in Candor.

The Vestal store remains closed as they rebuild following a fire back in February.
Rennells says he’s hopeful that store will re-open by the new year.

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Home Improvement Financing Firm PowerPay Partners with FinMkt

PowerPay, a provider of home improvement financing, and FinMkt, a SaaS provider of point of sale consumer finance technology, have announced a new partnership. According to FinMkt, the agreement will enable it to expand its product offering to include staged funding, 10 and 15-year terms, and loan amounts up to $100,000.

FinMkt’s platform allows homeowners to complete one application with the ability to receive and review financing offers. By partnering with multiple lenders like PowerPay, FinMkt’s platform allows homeowners to qualify for financing.

Mike Petrakis, PowerPay’s CEO, said that FinMkt’s team and tech are the best in the industry:

“We are very excited to offer PowerPay’s advanced loan products for home improvement financing via the FinFi platform so that we may reach a broader range of borrowers.”

FinMkt states that COVID has accelerated the demand for home renovations and repairs. FinMkt has adapted its technology in response to changes in the marketplace to expand product offerings. FinMkt’s partnership with PowerPay is one of many enhancements FinMkt will be making to its home improvement financing platform.

Luan Cox, FinMkt’s CEO and co-founder, said:

“In order to stay competitive, you need to be able to offer you customers financing that requires minimal effort to apply and delivers real time results. We are proud to be teaming up with PowerPay to provide contractors with the technology to grow their business by offering their customers access to the best financing options available by filling out one, online application.”

 

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Bed Bath & Beyond partners with Shipt, Instacart for same-day delivery

Bed Bath & Beyond said Tuesday it will begin providing same-day delivery, just in time for the holiday season, and as more people than ever are shopping online during the coronavirus pandemic. 

Bed Bath & Beyond and buybuy Baby stores across 48 states will offer the service, but customers must reside in eligible ZIP codes to use it. There will be a flat-rate fee of $4.99 for orders of more than $39. As of May 30, Bed Bath & Beyond had a total of 1,478 stores, including 955 of its namesake shops and 127 buybuy Baby locations. 

Bed Bath & Beyond is partnering with Target-owned Shipt, which helps fulfill same-day orders for a number of other retailers including Costco and Kroger, and Instacart. Existing Shipt customers will still receive free, same-day delivery on all orders above $35 when they shop directly through the Shipt platform, the company said. 

“The important thing is … to make sure we get this in place before the holidays,” said Bed Bath & Beyond Chief Digital Officer Rafeh Masood. “It’s another way for customers to shop us when safety is top of mind.” 

The rollout follows Bed Bath & Beyond earlier this year debuting a buy online, pick up in store option, and contactless curbside pickup during the pandemic. For the quarter ended May 30, its online sales surged 82% — with increases of more than 100% during April and May — as shoppers flocked to Bed Bath & Beyond’s and buybuy Baby’s websites for hand sanitizers, bread makers and diapers. 

Retail rivals have been speeding up their same-day delivery options: Amazon in some states is now promising orders will arrive in less than five hours. Walmart is also working with Instacart. And Target has been offering a same-day option for items including groceries via

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