RIDGEWOOD, NJ – PCE Investment Bankers, a leading financial services firm for mid-market companies, offering clients a full range of investment banking, ESOP, valuation, and advisory services, is pleased to announce that Burkhalter Rigging (Burkhalter) has recently recapitalized its debt with PNC Bank. This transaction will support future growth initiatives and create access to new sources of funds for Burkhalter. PCE served as exclusive financial advisor to Burkhalter and sourced the capital.
Founded in 1973, Burkhalter provides complete solutions in engineered heavy lifting, rigging, and transportation for petrochemical, power, civil, and marine industries globally. Burkhalter is a third-generation family company, led by Delynn Burkhalter and his son, Brooke, with depot yards in Columbus, Mississippi and Houston, Texas, including sales offices throughout the U.S., and a reach throughout North and South America.
Eager to expand their business with access to new sources of capital, owner, Delynn Burkhalter partnered with PCE to deliver a means to recapitalize his company. “We have known Delynn for a long time and have seen his company flourish. We appreciate his confidence in PCE and look forward to working with Burkhalter in the future,” stated Michael Rosendahl of PCE.
Delynn Burkhalter, said, “PCE has been a trusted advisor formally and informally over the years. I appreciate their guidance throughout this process.”
About Burkhalter: An industry leader, Burkhalter provides complete solutions in engineered heavy lifting, rigging, and transportation for petrochemical, power, civil, and marine industries around the world. With locations in Columbus, Mississippi, and Houston, Texas, and sales offices in San Francisco Bay Area and others located throughout the U.S., we are proud to serve the petrochemical, power, civil, and offshore and marine industries throughout North and South America. For more information, visit www.burkhalter.net.