Bailey Tools & Supply, Inc.
Pallas Partners assisted in structuring a deal for Baily Tools when the minority owner bought out the majority owner. The transaction consisted of a multi-year payout. Pallas was able to create the proper tax structure, set terms that allowed the new owner to take ownership immediately and put measures in place that protect the company’s ongoing business practices.
Pallas advisors worked with Baily Tools’ banks to ensure that its existing credit facilities would not be impeded because of the change in ownership. In addition, Pallas structured new credit facilities for the buyer to help finance current and future operations.
"Pallas was able to lead us through a very tricky and sensitive negotiation and deal structure. Without their advice, knowledge and ability to help secure new credit facilities I don't know that we would have been able to transition the company." Steven Bailey, CEO