Client Overview
AED, Inc is a multidiscipline engineering, construction services and information technology firm headquartered in Hyattsville, Maryland. Specifically, AED provides Professional Services (architecture, facilities management, inspection and testing services); CME Services (cost estimating, project controls, value engineering services); and IT Services (database development, security solutions, software development services).
AED's list of clients includes Dept. of Defense, Dept. of Transportation, the General Services Administration (GSA), Dept. of Homeland Security, Dept. of the Navy, and Greenville/Spartanburg Airport.
AED's list of clients includes Dept. of Defense, Dept. of Transportation, the General Services Administration (GSA), Dept. of Homeland Security, Dept. of the Navy, and Greenville/Spartanburg Airport.
The Situation
Following the award of a significant contract with the GSA, AED was in need of a capital injection to fund its working capital requirements.
In conjunction with AED's growth plan, the company employed RKJ to identify a suitable acquisition target that would add strategic value to the company's service offering.
Following the award of a significant contract with the GSA, AED was in need of a capital injection to fund its working capital requirements.
In conjunction with AED's growth plan, the company employed RKJ to identify a suitable acquisition target that would add strategic value to the company's service offering.
The Solution
Through RKJ's extensive network of senior debt, mezzanine and equity capital providers, we were able to source $2.25MM of mezzanine financing which AED used to finance the working capital component of the recently awarded GSA contract. To address AED's desire to grow via external means, RKJ successfully identified a strategic target company - Stratecon, LLC. Throughout the Stratecon transaction, RKJ operated as AED's sole buy-side advisor.
Through RKJ's extensive network of senior debt, mezzanine and equity capital providers, we were able to source $2.25MM of mezzanine financing which AED used to finance the working capital component of the recently awarded GSA contract. To address AED's desire to grow via external means, RKJ successfully identified a strategic target company - Stratecon, LLC. Throughout the Stratecon transaction, RKJ operated as AED's sole buy-side advisor.
