Ashton Stewart Capital Completes Deal For The Acquisition Of Bayou Wood Pellets

Ashton Stewart Capital, LLC (“ASC”) has announced the closing of the private offering of a combination of debt and equity for Gulf Coast Renewable Energy, LLC, a newly formed entity, for the acquisition of Bayou Wood Pellets, LLC (“BWP”), a manufacturer of white wood pellets located in West Monroe, LA. The debt facility and the […]

Ashton Stewart Capital, LLC (“ASC”) has announced the closing of the private offering of a combination of debt and equity for Gulf Coast Renewable Energy, LLC, a newly formed entity, for the acquisition of Bayou Wood Pellets, LLC (“BWP”), a manufacturer of white wood pellets located in West Monroe, LA.

The debt facility and the preferred equity units were purchased by a U.S. based private institutional investor. The funds will be used to purchase new equipment and expand the existing plant.

ASC Managing Director, Jay Tchamanzar said his firm was pleased to help an established client build a stronger foundation for continued growth. “The management team at BWP has built a tremendous business that is positioned for long-term success,” he said. “We were thrilled to be able to assist in structuring the acquisition, and financing the expansion of their facility to support BWP’s competitive plans for the future.”

Barry Petersen, ASC Sr. Managing Director added: “This transaction highlights Ashton Stewart Capital’s growing presence in the sector. We have a deep understanding of domestic and international strategic initiatives, matched with institutional investor capital sources seeking long term opportunities in the industry.”

From Forest Business Network: http://www.forestbusinessnetwork.com/30307/ashton-stewart-capital-completes-debtequity-deal-for-the-acquisition-of-bayou-wood-pellets-llc/

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