13:41:54 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Integrated Asset Management Corp
Symbol IAM
Shares Issued 27,724,127
Close 2018-11-09 C$ 1.87
Market Cap C$ 51,844,117
Recent Sedar Documents

Integrated Asset Management closes term loan to JMB

2018-11-09 10:07 ET - News Release

Mr. Stephen Zagrodny reports

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

Integrated Asset Management Corp. has closed a senior term loan to JMB Crushing Systems ULC, a portfolio company of Seattle-based private equity firm Westward Partners LLC. This financing represents Integrated Asset Management's third transaction with JMB, following the two initial tranches of debt which were advanced in April and June, 2017.

JMB has been producing and distributing gravel, sand, rocks and other materials for over 30 years, supplying aggregates from quarries and gravel pits across a number of different regions. 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.

Stephen Zagrodny, director of IAM Private Debt Group, said: "JMB has performed well since entering our portfolio in 2017. We are pleased to provide continuing support to this well-managed business and believe that JMB is poised for additional future growth."

Integrated Asset Management manages and provides financing from Integrated Private Debt Fund limited partnerships on behalf of a number of pension funds and other institutional investors. IAM Private Debt Group offers fixed-rate, investment-grade term loans to mid-market companies for such purposes as refinancing existing debt, acquisitions, plant expansion or modernization, project financing, and management buyouts.

Integrated Asset Management is one of Canada's leading alternative asset management companies with approximately $2.3-billion in assets and committed capital under management in private debt, infrastructure debt and real estate.

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