SPONSOR: RFE Investment Partners

CLIENT: PCX Aerostructures, LLC

PCX Aerostructures, LLC is a premier supplier of advanced mechanical systems for leading OEMs in the aerospace industry. The company—owned by RFE Investment Partners—had a strong backlog of orders, primarily for components that Boeing needed to upgrade U.S. military helicopters. When PCX had trouble keeping up with demand, RFE turned to Siena to deliver a working capital solution.

Challenge

PCX needed additional working capital, but the company was constrained by its previous lender, whose financing solution was based primarily on cash flow.

Solution

While most asset-based lenders won’t allow clients to borrow against work-in-progress (WIP), Siena recognized this situation was unique given PCX’s competitive moat as a government-approved supplier. We partnered with another lender to provide a creative financing solution to fund the company’s WIP.

RESULT

PCX used the additional liquidity to convert on its backlog and increase profitability.

SPONSOR: RFE Investment Partners

CLIENT: PCX Aerostructures, LLC

PCX Aerostructures, LLC is a premier supplier of advanced mechanical systems for leading OEMs in the aerospace industry. The company—owned by RFE Investment Partners—had a strong backlog of orders, primarily for components that Boeing needed to upgrade U.S. military helicopters. When PCX had trouble keeping up with demand, RFE turned to Siena to deliver a working capital solution.

Challenge

PCX needed additional working capital, but the company was constrained by its previous lender, whose financing solution was based primarily on cash flow.

Solution

While most asset-based lenders won’t allow clients to borrow against work-in-progress (WIP), Siena recognized this situation was unique given PCX’s competitive moat as a government-approved supplier. We partnered with another lender to provide a creative financing solution to fund the company’s WIP.

RESULT

PCX used the additional liquidity to convert on its backlog and increase profitability.