Griffin Represents Leading Infrastructure Services Company DBI in $100 Million Recapitalization

Company Overview
DBI Holding Corp. (the “Company”), headquartered in Hazleton, PA, was founded by Neal DeAngelo and Paul DeAngelo in 1978. The Company has grown into a market leading provider of essential operations management and maintenance services for infrastructure assets. The Company’s primary service offerings include complete asset management, road, roadside, aquatic, stormwater and structural services for highways, railroads, bridges, tunnels, lakes, ponds and the oil and gas industry, as well as other industries throughout North America and the United Kingdom. The Company employs over 1,000 people globally.

Despite the economic downturn in 2008, the Company continued to experience tremendous growth. Traditionally, this growth was financed with bank debt and Company cash flow, which ultimately limited the Company’s ability to continue its growth.

Griffin was engaged by DBI Holding Corp. to (i) design a capital structure to support the Company’s growth objectives, and (ii) manage a competitive capital raising process to privately place the senior debt, mezzanine debt, and minority equity components of the new capital structure. Griffin procured multiple financing offers for each tranche of capital and negotiated terms with the various lenders and junior capital providers. The Company ultimately selected M&T Bank as its senior lender. The junior capital consortium is led by BNY Mellon-Alcentra Mezzanine Partners and supported by F.N.B. Capital Partners and KCAP Financial, Inc.

For more information on this transaction, contact John A. Lee, Senior Managing Director, at 610.205.6106.