Privately held electrical wire & cable distributor Gehr Industries has secured a $15 million revolving credit through BizCap —a national commercial finance and advisory firm.
Los Angeles-based Gehr Industries has served contractor, distributor, retail and infrastructure markets across North America for more than 60 years.
Backed by two legacy brands (Century Wire & Cable and Milspec Industries) and an engineered power division, Gehr continues to expand across multiple markets. BizCorp said the financing will build inventory and support ongoing growth and working capital needs.
“From the outset, BizCap demonstrated exceptional professionalism and composure,” Gehr CEO & President David Lifschitz said in Nov. 12 news release. “Their deep market expertise and strong lender relationships proved invaluable in navigating the complexity of this transaction. Tim Gaines and the BizCap team’s calm, solutions-focused approach ensured seamless communication across all parties and a smooth, successful closing.”
“Gehr Industries exemplifies a company with deep roots, strong leadership and a clear vision for the future,” added Tim Gaines, Vice President at BizCap. “We’re proud to have delivered a financing solution that reinforces their growth trajectory and operational strength. This partnership reflects how strategic capital and collaboration can empower companies to build on their legacy and accelerate momentum.”
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