PrivateBank backs refinancing of McAninch

Livingstone is pleased to announce the successful refinancing of McAninch Corporation by The PrivateBank and Trust Company.

McAninch is a leading heavy civil infrastructure contractor providing earthmoving, grading and underground utility construction services to public and private sector clients throughout Iowa and Missouri. The Company’s heavy civil construction projects include highway and street infrastructure, power plants, commercial and residental developments, and flood control levees. McAninch is recognised as one of the most technically advanced earthmoving contractors within the US.

“The Company has a well-respected reputation in the business with long-standing local and regional relationships spanning 40+ years. We’re proud to have represented McAninch and secured the ideal senior lender to position McAninch for future growth and continued market leadership,” added Joe Greenwood, Head of Special Situations, Livingstone Chicago.

“The McAninch transaction represents another successful closing for Livingstone in the Building Services sector,” said Karl Freimuth, Vice President, Livingstone Chicago. “The Company’s management team is to be commended for successfully operating through challenging market headwinds and seeing this deal through to a great conclusion.”

This is the sixth refinancing deal completed by the Livingstone team within the past 12 months.