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Essex Raises $10.0 Million Term Debt Financing


Essex Capital Group, Inc. (“Essex”), announced today that the firm recently arranged a $10,000,000 term debt capital raise for Anderson Hydra Platforms, Inc. and Anderson Crane & Bridge Technologies, Inc. (“Anderson” or the “Company”), affiliated companies in the business of manufacturing, selling and leasing under-bridge access platform cranes (

A deteriorating infrastructure system in the United States has led to rapid growth in demand for Anderson’s cranes that allow for under bridge repairs. This recapitalization allowed the Company to consolidate numerous debt facilities while providing additional capital to further invest in fixed assets.  At the same time, Anderson’s monthly debt service was reduced by approximately 50%.

Todd Lumpkin, Anderson CFO offered, “I can’t stress enough how critical a partner Essex was in making this complicated deal happen. As a former 30-year banker and now Anderson’s CFO, I have a unique appreciation for the level of professionalism and steady hand Rob and Bob were able to provide while leading us through this deal.”

Essex Capital acted as the Company’s exclusive advisor in this transaction.

About Essex Capital Group

Essex Capital Group, Inc. is a Tampa, Florida-based corporate finance firm serving small and middle market privately-held companies located throughout the United States. With extensive capital markets experience, Essex provides creative solutions to businesses in need of financial restructuring. Typical advisory services include balance sheet recapitalizations with senior and subordinated debt. Since inception in 2003, Essex has successfully raised in excess of $700 million for 120+ corporate finance clients. 

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