09:43:12 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Integrated Asset Management Corp
Symbol IAM
Shares Issued 27,954,295
Close 2017-05-16 C$ 1.47
Market Cap C$ 41,092,814
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Integrated Asset closes $28M loan to The S.M. Group

2017-05-17 09:07 ET - News Release

Mr. Greg Dimmer reports

INTEGRATED ASSET MANAGEMENT CORP. AND IAM PRIVATE DEBT GROUP ANNOUNCE $28,000,000 FINANCING FOR S.M. GROUP INTERNATIONAL INC.

Integrated Asset Management Corp. and its private corporate debt group, IAM Private Debt Group, have closed a $28-million senior term loan to The S.M. Group International Inc. (SMi). The capital raised by SMi will replace current bank facilities and support the company's growth.

Founded in 1972, SMi is a privately owned engineering, integration and construction management company which distinguishes itself for its know-how and multidisciplinary expertise. The company focuses on the deployment of safe, sustainable and high-level integrated solutions for various types of infrastructure projects to ensure future generations a better quality of life.

Over the years, SMi has integrated engineering, project management, environmental protection and systems integration in order to provide comprehensive solutions tailored to each client's needs. Its flexibility and ability to combine the expertise of its various departments make SMi a key player in various sectors of activity, such as infrastructure and development, environment, energy optimization, engineering materials, building, production and distribution of energy, earth sciences, security, systems integration, telecommunications, and oil and gas industries.

Greg Dimmer, managing director at IAM Private Debt Group, said: "SMi is a leader in their various business segments with participation in many of Canada's major infrastructure projects currently under way. We're excited to partner with SMi and to provide capital for the continued growth of the company's operations across Canada and internationally."

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