PPHB

cordyne

PPHB has advised Cordyne in Securing a New Line of Credit


Cordyne Inc. (“Cordyne” or the “Company”)

Cordyne is a leader in electrical solutions, specializing in power generation, distribution, automation and motor control solutions. Founded over 35 years ago, Cordyne solves complex electrical challenges through its in-house research and development, design, engineering, production, manufacturing and distribution capabilities all the while serving a blue-chip customer base across the energy, aerospace, industrial, marine, construction, municipal wastewater and Department of Defense industries. The Company is headquartered in Houston, Texas and has approximately 80 employees.

Pathward®, N.A (“Pathward”)

Pathward®, N.A. is a U.S.-based financial empowerment company driven by its purpose to power financial inclusion. Pathward strives to increase financial availability, choice and opportunity across Banking as a Service (BaaS) and Commercial Finance business lines, providing end-to-end support to individuals and businesses. Pathward’s Working Capital team specializes in Asset-Based Lending (ABL) and provides flexible working capital credit facilities, typically $2 million to $20 million in size, to borrowers that may have high leverage, erratic earnings, or marginal cash flows.

PPHB, LP (“PPHB”)

PPHB is an independent investment banking firm providing financial advisory services to middle market companies that offer products and services to the following end markets: