05:04:42 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



Integrated Asset Management Corp
Symbol IAM
Shares Issued 27,384,295
Close 2017-04-20 C$ 1.43
Market Cap C$ 39,159,542
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Integrated Asset closes loan to JMB Crushing Systems

2017-04-21 11:13 ET - News Release

Mr. Stephen Zagrodny reports

INTEGRATED ASSET MANAGEMENT CORP. AND IAM PRIVATE DEBT GROUP ANNOUNCE FINANCING FOR JMB CRUSHING SYSTEMS ULC

On April 11, 2017, Integrated Asset Management Corp. and its private corporate debt group, IAM Private Debt Group, closed a senior term loan to JMB Crushing Systems ULC, a portfolio company of Seattle-based private equity firm Westward Partners LLC.

JMB has been producing and distributing gravel, sand, rocks and other materials for over 30 years, supplying aggregates from 35 different quarries and gravel pits. JMB's aggregates are used for a variety of applications, including industrial projects, oil field developments, asphalt and concrete production, and road work, giving the company a broad, diversified customer base.

The capital raised by JMB will allow the business to refinance existing debt and free up working capital to support its growing operations in Western Canada and the Northwest United States.

Philip Robson, president of IAM Private Debt Group, said: "We are pleased to include JMB, a well-managed and sponsored firm focused on long-term infrastructure growth in Western Canada and the United States, in our portfolio. The structure of our funds is well suited to meet the long-term, patient capital needs of firms such as JMB."

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